VAT Articles

Now wait for Only 45 days for VAT Refund?

CA Umesh Sharma 16 February 2016 at 12:37

for VAT Refund? Arjuna (Fictional Character): Krishna, Sales Tax Department has issued the circular of granting of VAT Refund within 45 days, what is it?Krishna (Fictional Character): Arjuna, MVAT

Temporary Renting of Garments - Indirect Tax Implications

Nimish Goel 15 February 2016 at 10:36

In an era of zealous consumers wanting everything at the drop of a hat, we see a number of new start-ups mushrooming everyday with their unique and ingenuous ideas. We recently met the founderts of one such start-up (�Company�) that made

Dealer friendly e-C Tax Website and Changes in TNVAT Act, 2006

RENGARAJ R.K 09 February 2016 at 10:53

Introduction: In order to curb tax evasion of selected notified commodities which are brought into the State and sold without

A Brief Introduction about MVAT

CA Chinmay Gangwal 03 February 2016 at 10:30

Vat is a one of the indirect tax in our India. It is simple and transparent system with limited scope of department control due to the self assessment made by dealers and less scope for tax evasion due to strict penal p

Stock transfer versus inter state sale

RAVINDER KUMAR JAIN M.Com LLB 22 January 2016 at 10:36

A dealer can stock transfer the goods from his one place of business to another place of business and this transaction is not taxable under the Central Sales Tax Act, 1956. The goods transferred to another place of business for sale may be treated as

Discussion on Value Added Tax, Karnataka - Part 2

SANTHOSH. ASHOK 14 January 2016 at 10:45

Business includes:-Section 6(a) any trade, commerce, manufacture or any adventure or concern in the nature of trade, commerce or manufacture, whether or not such trade, commerce, manufacture, adventure or concern is carried on in furtherance of gain

Method of Accounting of VAT

Sundararajan S 28 December 2015 at 16:14

Value Added Tax � Method of AccountingS. �Men may come and men may go, but I go on forever� says this Value added tax system amidst the chaos of Goods and Services Tax. This system of VAT was introduced in TamilN

Discussion on Value Added Tax, Karnataka

SANTHOSH. ASHOK 17 December 2015 at 16:05

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT. Haryana was the only State to introduce VAT w.e.f. 1-4-2003. About 21 States have introduced VAT (though in diluted form) w.e.f. 1-4-2005. These inclu

Gujarat VAT and CST TIN Registration

CA Sachin D Jain 15 December 2015 at 10:36

A lot of queries comes to mind when one thinks about taking registration under Gujarat VAT and CST Laws. Some of the queries and their answers are published as follows for the benefits of the readers: What is VAT / CST / TIN / Sales Tax ? Answer: VAT

Changes introduced by Delhi value added tax (third amendment) act, 2015

CA Prateek Garg 12 December 2015 at 12:50

Delhi Government introduced the Delhi Value Added Tax (Third Amendment) Bill 2015 in the Delhi Legislative Assembly on 4th December 2015 and passed it on the same day. 1. SHORT TITLE, EXTENT AND COMMENCEMENT.(i) This Act may be called the Delhi Value