VAT Articles

Some Ruminations on LBT

M B Abhyankar 20 May 2013 at 13:49

Some ruminations on LBT Agitation in Maharashtra Traders in cities from Maharashtra are rightfully agitating over proposed introduction of LBT because of their concerns about multiplicity of indirect taxes and related compliances Problems with exis

Delhi Budget - Major Tax Changes

SOULAVE JAJODIA 22 March 2013 at 11:39

Here is a breif summary of proposed changes in DVAT vide Delhi Budget 2013: 1. As a major relief to small traders, the threshold limit for Registration under VAT has been proposed to be raised from ` 10 lakh to ` 20 lakh. 2. A new compos

Profession Tax Maharashtra- Recent changes

CA CS Pawan Jajoo 19 February 2013 at 11:55

CA Pawan Jajoo Amravati. M-9422917369 Points- Profession Tax E-Enrollment- 3rd proviso to Sec 3(2) is inserted from 01.05.2012. Which states that, a person who is liable to pay tax has remained un-enrolled; then, his liability to pay tax under

Crucial date of sale for issuing C forms

Amit Bajaj 26 November 2012 at 12:24

Many a times I have received a query from different parts of the country that what is the crucial date of sale to be taken while issuing of C forms under CST Act, 1956 i.e whether date of invoice or the date on which goods are received by the purcha

Right of Appeal

v. srikanth 31 October 2012 at 11:38

At present, most of the sales tax/value added tax enactments have a provision which requires an assessee to deposit the entire amount of tax or a portion of the disputed tax, as an admission fee before filing appeal. An assessee, th

VAT on Builders/Developers - Maharashtra

Krunal.J.Davda 29 October 2012 at 15:27

Date 10/08/2012 VAT On Builders / Developers in the State of Maharashtra Recent Developments & Methods of computing VAT Liabilty

MVAT on Furnishing Fabric- Controversy

Ashish Kedia 26 September 2012 at 11:16

Brief Background: As if confusion created by VAT in relation to real estate transactions wasnt enough, a fresh controversy has been stirred by recent notifications issued by the State VAT department to tax the sale of furnishing fabric. &ls

Liabilities of an awarder under VAT

sivadas chettoor 17 September 2012 at 12:31

INTRODUCTION: The central theme of this article is the liabilities of an awarder under the Kerala Value added Tax Act 2003 (hereinafter described as Act)..

VAT (What) is the confusion all about on sale of flats - Part 2

Ashish Kedia 11 September 2012 at 11:56

This article is the concluding part out of the two part series on this subject. This has been presented from the developers perspective. The views expressed in this series of articles are personal. It need not be said that taxation of works