VAT Articles

Haryana VAT Amends 1% Composition Scheme For Developers (Rule 49A)

CA Ankit Gulgulia (Jain) 28 September 2015 at 10:43

Vide Notification No. No.23/H.A.6/2003/S.60/2015 dated 24th September, 2015 the State of Haryana has amended Rule 49A of Haryana Value Added Tax Rules, 2004 in what appears as a fresh effort to rope more developers to opt for the 1% composition / Lum

"Raksha" to Seller and "Bandhan" to Buyer under MVAT

CA Umesh Sharma 25 August 2015 at 10:28

Karneeti 112�Raksha� to Seller and �Bandhan� to Buyer under MVAT Arjuna (Fictional Character): Krishna, the festival of Raksha Bandhan is coming soon. On this occasion Maharashtra Sales Tax Department has issued a Trade Circul

Registration under TNVAT Act

v. srikanth 25 August 2015 at 10:28

The law and procedure relating to registration of a person as a dealer under the TNVAT Act is specified in sections 38 and 39 of the TNVAT Act. Any dealer or any person who wants to do business in the State of Tamil Nadu can get himself reg

Developments in the new registration procedure under MVAT

Yash Goyal 18 August 2015 at 10:05

Dear All,The procedure for obtaining new registration under the MVAT Act was amended vide circular 5T of 2015. For a gist of the new procedure please visit the below link.http://www.caclubindia.com/articles/new-procedure-for-registration-under-mvat-2

Reassessment and revision period extended in Haryana VAT

CS Priyanka Gupta 18 August 2015 at 10:04

Recently, Haryana Value Added Tax, 2003 has been amended vide Ordinance issued by the Governor dated 31.7.15 published vide Notification No Leg. 9/2015 dated 3rd August 2015. The concerned amendment is effective with effect from 3rd August 2015. The

MVAT - TDS on Work Contract (WCT TDS)

NAVIN AGICHA 11 August 2015 at 10:21

Meaning of work Contract: A works contract is an agreement which is a mixture of service or labour and transfer of goods. Under a works contract the contractor agrees to do certain job in execution whereof, certain goods are transferred to the contra

TDS on Industrial Canteens - Karnataka VAT

Mahadev 04 August 2015 at 10:44

VAT is a levy on sale of goods. For the purpose, it is usually the seller who would be held liable for payment of VAT. However, there are few exceptions created under the VAT provisions. As per Section 3(2) of KVAT Act 2003, in case there is a sale b

Impact of budget proposals on Delhi VAT

Kaushik Vinod 29 June 2015 at 11:05

IMPACT OF BUDGET PROPOSALS ON DELHI VALUE ADDED TAX PRESENTED ON 25-06-2015Introduction:Before I begin this article it is worth to quote from the budget speech of Mr. Manish Sisodia Finance Minister that �I have tried to strike a careful balanc

Work contract tax in Rajasthan

CA RITUL PATWA 23 June 2015 at 10:42

The government of Rajasthan has made radical changes in the Works Contract Tax Liability for contracts awarded in Rajasthan for the F. Y. 2015-16. This includes WCT liability on the Contractor as well as TDS deduction liability on the awarder of the

All about sales tax

Munim.in 11 June 2015 at 11:04

Sales tax is the tax paid to the government for the sale of goods. This is generally a fixed percentage and varies from place to place as well as product to product. Sales tax is levied on each transaction whether it is from Manufacturer to Wholesale