VAT Articles

Understanding the Model Law- Part-1 (Conceptual Issues to Succeed)

Madhukar N Hiregange 07 July 2016 at 11:05

The GST model law as it stands is a disaster- totally loaded against the honest tax payer- too cumbersome for the SMEs. Needs a major surgery.

Professional Tax Enrolment Amnesty Scheme 2016 - Salient Features

ayaz 15 June 2016 at 10:55

The Government observed that many persons /firms / companies / societies/ institutions etc. have not obtained enrolment certificate and are not paying profession tax. The Act prov

KVAT: Settling the dust on the Input Tax issue

Rishabh 19 May 2016 at 10:49

The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufact

New MVAT Dealers be in Discipline from First Year

CA Umesh Sharma 10 May 2016 at 11:01

Arjun (Fictional character): Krishna, Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT reg

Goods imported / purchased inter-State used in Works contract, would be exempt from VAT

Bimal Jain 06 May 2016 at 10:58

Dear Professional Colleague,Goods imported/ purchased inter-State used in Works contract, would be exempt from VAT We are sharing with you an important judgement of the Hon�ble Supreme Court of India in the case of Commissioner of Delhi Value A

Small MVAT changes but a big effect on small dealers

CA Umesh Sharma 04 May 2016 at 10:49

Arjun (Fictional character): Krishna, this year from April 2016 onwards the Maharashtra Sales Tax Departments has brought various small amendments in the VAT system. Because of these changes the small dealers covered under the composition scheme have

New MVAT return system turning superfast as the IPL inning

CA Umesh Sharma 02 May 2016 at 10:33

Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes

VAT on Restaurant Bill

Pankaj Gandhi Jaiswal 25 April 2016 at 11:00

It is well known and settled fact that restaurant bill includes both component Goods and Service. And since service component is there central government is levying service tax on discounted rate means on 40% value of entire bi

VAT 15 - Rule 21 of RVAT Act 2003

MANSHI BAID 21 April 2016 at 11:05

RULE 21 OF THE RAJASTHAN VALUE ADDED TAX RULES ,2006DECLARATION FORMSIn this article we will discuss the declaration forms that are available under RVAT Act other than VAT 47 and VAT 49, as these declaration forms has already been discussed in detail

Maharashtra Settlement of Arrears in Dispute Act 2016 a new law

CA Umesh Sharma 18 April 2016 at 16:47

Arjun (Fictional character): Krishna, this year Central Government has introduced various new provisions in the budget to settle tax related old disputes. Following that, the state government also has brought up law to settle the disputes between tax