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VAT Articles


Sales Tax - AP Impact on all state businessman

  Amit Jolly    24 May 2014 at 13:07

SPLITING OF ANDHRA PRADESH & ITS IMPACT ON BUSINESS WORKING As you all are aware that Andhra Pradesh is going to split into two new states on 02.06.2014 i.e. Telangana and New Andhra pardesh. Accordingly, in system there will be two two new busi



Constitutional validity of section 39-A of Punjab VAT Act, 2005

  Amit Bajaj    20 May 2014 at 11:29

As per section 39A of Punjab VAT Act, 2005, the Punjab VAT Refund Fund has been constituted and the amount of tax collected as Advance Tax under Section 6(7) shall be credited directly into the said Fund. It has been provided that the Fund shall be m



Taxation on transaction of supply of food - A Sale or a Service?

  CA.TARUN K AGARWALLA    16 May 2014 at 12:40

Food is a basic need for a living being and any levy of additional cost on the same is always a matter of dispute. Taxation levied or collected directly or indirectly on the food even though collected by state is always a matter of discussion. Food a



Input Tax Credit w.e.f 1st April under Punjab VAT Act, 2005

  Amit Bajaj    01 May 2014 at 11:25

Input tax credit is a concession granted by the State Government against the output tax liability on the sale or purchase of goods within the State jurisdiction. To avail such concession one has to fullfill the conditions imposed by the statue subjec



Karniti Part-34: Controversies between MVAT Department & Builders

  CA Umesh Sharma    28 April 2014 at 12:02

Controversies between MVAT Department and Builders.Arjuna (Fictional Character): Krishna, in this period of recession builders are very tensed and disturbed. After the decision of Honorable Supreme Court, it seems that Maharashtra VAT department incr



Penal Provisions for late filing of return under RVAT 2003

  PAWAN KUMAR KEDIA    28 April 2014 at 12:02

Introduction :Since commencement, the penalty or late fees under RVAT for delay in filing of returns is linked with the category of tax payer, whether he is a monthly tax payer or non m



Karniti Part-33: Tin number wise details of Purchases and sales must along with MVAT returns From 1st April 2014

  CA Umesh Sharma    22 April 2014 at 12:06

Arjuna (Fictional Character): Krishna, What major changes took place in the Maharashtra Vat Act from 1st April 2014?Krishna (Fictional Character): Yes Ar



Haryana VAT - State VAT v. Builders v. Flat Owners - A Triangular Tussle

  CA Ankit Gulgulia (Jain)    09 April 2014 at 12:22

If you have an open property interest or if you have purchased a property in Haryana or if you a builder / Developer in Haryana, then you might have been aware about few frivolous issues viz, demand notice that the builders are raising on the buyers



Restriction of ITC on iron and steel under Punjab VAT

  Amit Bajaj    01 March 2014 at 12:50

I had prepeared representation on behalf of Iron and steel industry in Punjab, which has been filed with the Punjab Government for withdrawl of latest notification dated 01.02.2014 regarding restriction of input tax credit on iron and steel goods to



Inter-state Stock Transfer & Form F under CST

  CA Chandra Kishore Bajpai    25 February 2014 at 16:24

Inter Stock Transfer & Form F under central Sales Tax Act 1956 One of my friends while reading article on Form C raised a query:- Whether a dealer should declare the transfer of capital goods like Furniture , computers etc that are