VAT Articles

A Brief Introduction about MVAT

Posted by CA Chinmay Gangwal 03 February 2016 17745 Views

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

Posted by RAVINDER KUMAR JAIN M.Com LLB 22 January 2016 20900 Views

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

Posted by SANTHOSH. ASHOK 14 January 2016 10091 Views

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

Posted by Sundararajan S 28 December 2015 31680 Views

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

Posted by SANTHOSH. ASHOK 17 December 2015 29519 Views

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

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

Posted by CA Prateek Garg 12 December 2015 7165 Views

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

Software - A tussle between VAT and Service Tax

Posted by CS Priyanka Gupta 11 December 2015 17478 Views

In the current high-tech era, information technology has become an indispensable part of our life. India, being an IT hub, this fast growing industry is a major source of revenue. Hence, it becomes vital to assess the taxability of proceeds generated

Interpretation of amendment in Rule-7 (DVAT Rules 2005)

Posted by CA Arindam Shukla 11 December 2015 8136 Views

Amendment of rule 7. - In the Delhi Value Added Tax Rules, 2005. Amendment: - . (i) In sub-rule (I), in clause (b)', the following proviso shall be inserted, namely:- "Provided that in case of cigarettes (irrespective of form and length)

Goods & Service Tax - An overview

Posted by CA. SRIKANTHA RAO T 11 December 2015 9972 Views

The Goods and Services Tax has frequently been in the news for the last one year or so ever since the new Government has come to power. It is worthwhile noting that introduction of GST as it is referred to, has been in the pipeli

The Odisha Value Added Tax (Amendment) Act, 2015

Posted by CA.TARUN K AGARWALLA 03 December 2015 11937 Views

The Government of Odisha Vide its notification no 9848-I-Legis 5/2015-L dated 24th September 2015 has notified �THE ODISHA VALUE ADDED TAX (AMENDMENT) ACT, 2015, (Odisha Act 7 of 2015), an act to further amend �THE ODISHA VALU