VAT Articles

Karniti Part-34: Controversies between MVAT Department & Builders

Posted by CA Umesh Sharma 28 April 2014 9855 Views

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

Posted by PAWAN KUMAR KEDIA 28 April 2014 52018 Views

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

Posted by CA Umesh Sharma 22 April 2014 15821 Views

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

Posted by CA Ankit Gulgulia (Jain) 09 April 2014 13485 Views

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

Posted by Amit Bajaj 01 March 2014 14764 Views

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

Posted by CA Chandra Kishore Bajpai 25 February 2014 360394 Views

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

Karniti Part-22: Now CST Forms in PDF format from 1st Feb.

Posted by CA Umesh Sharma 05 February 2014 17324 Views

TAXMANTRA PART 22Now CST Forms in PDF format from 1st Feb. 2014 in Maharashtra State.Arjuna (Fictional Character): Krishna, Now Maharashtra Sales Tax Department will give Central Sales Tax Forms like C, F, E Form online. Why a businessman needs to ta

Deemed Sales

Posted by Rishi Kochar 16 January 2014 94744 Views

Before the discussion on deemed sales we must be well known of the general facts of sale.Meaning of Sale There are various definitions of the term Sale is generally specified in different laws and different State VAT acts. Hence we nee

Delhi VAT Amnesty Scheme closing by 31st January, 2014

Posted by Bimal Jain 16 January 2014 19532 Views

Dear Professional Colleagues,Delhi VAT Amnesty Scheme closing by 31st January, 2014 Pursuant to the power conferred by Section 107 of the Delhi Value Added Tax Act, 2004 (the Actor DVAT), the Lt. Governor of National Capit

Form C under central Sales Tax Act 1956

Posted by CA Chandra Kishore Bajpai 30 December 2013 666508 Views

In my last article Sale/Purchase--Intra State Vs Inter-State I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST). State Government cannot levy the tax on inter-State Transactio