CAclubindia

MJ Krishnamurthy's Expert Profile

Queries Replied : 1703

About me

I am a retired Assistant Commisioner of Commercial Taxes of Karnataka. I retired in 1998 at the age of 58.During this service I tried to go in detail about sales tax laws. Immeadiately after retirement some companies wanted to retain me as their consultant. That is how my touch with the subject of VAT laws continued.The website of CAclub india is giving a good opportunity to share my knowledge with others. I am an exserviceman from IAF. So, Iam a little different from other taxmen. We should do some service to the community that has offered us so much, That is my purpose.....Bye.

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MJ Krishnamurthy says : Vat audit filing.
This is of which state you are referring to.Pl mention it....mjk

CA Mitesh N Kothari says : Vat audit
Hi, What is last date for vat audit of fy 13-14? is it 15th january then is there any notification issued related to it? if yes then please provide me link. Thanks

GERALD QUADRAS says : SC Judgement on Apartments
Thanks for your views. I was interested in when does the tax liability arise and I think you have clarified, that it arises from the stage at which the agreement is entered into.

MJ Krishnamurthy says : SC Judgment on Apartments
Mr Gerry, I already answered your query twice.However,as per your request I reproduce it again : 1)In this judgment the SC have reaffirmed their views and rulings expressed in the M/s Raheja Developers Vs St of Kar. 2)It is a referral order,some clarifications sought by the Kar HC and Mum HC have been given in it.It has to be implemented by the respective HCs in their orders 3) They have set out that a tripartite agreement among the land owner,builder and the flat buyer is not much different from the bipartite agreement between the builder and the apartment buyer. 4) In the same light it is taken some doubts about rules 58(Maha) and others are removed.They are declared as valid laws. 5) By way of clarification it has been stated that if an agreement is entered when a flat is partially built,then the tax liability arises from the stage the agreement is made and not for the part built earlier.Although it is the repettition of the same principle given in the Raheja case it appears to be a new point,but it is correct...mjk