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Fin Min forms 2 Committees for facilitating implementation of GST from April 1, 2016
Bracing to roll out the new Indirect tax regime — Goods and Services Tax (“GST”) from April 1, 2016, the Central Government on Wednesday, June 17, 2015 announced the setting up of two Committees to su...
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Overview of Constitutional Amendment Bill for GST
Constitution Amendment Bill, 2014 (122nd Amendment) The Union Government in third week of December, 2014 (19 December, 2014) introduced Constitution (122nd Amendment) Bill, 2014 in Parliament which wh...
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CBEC inviting bid from agencies to implement and develop proposed GST System
NOTICE FOR PRE-RFP MEETING OF VENDORS/BIDDERS Directorate of Systems, Central Board of Excise and Customs is in the process of releasing an RFP for the appointment of an Implementation Agency for deve...
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Delhi Value Added Tax- Instruction Regarding Processing of Refund
OFFICE OF THE SPECIAL COMMISSIONER (POLICY & REFUNDS) DEPARTMENT OF TRADE AND TAXES ROOM NO.304, 3rd FLOOR, VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002. NO.F.3(378)/Policy/VAT/2015/ 264-270 , Dated:...
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The Maharashtra Municipal Corporations Local Body Tax Amnesty Scheme 2015
Urban Development department of Maharashtra State vide Notification No. LBT-2015/CR-82/2015/UD-32, notified an amnesty scheme for Local Body Tax (LBT) defaulters in Maharashtra Municipal Corporations....
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HC - Rajasthan VAT - Free issue of samples not liable for VAT
Free issue of samples is not liable for VAT Commercial Taxes Officer vs M/s Indian Shaving Products Ltd. (Rajasthan High Court at Jaipur), SB Sales Tax Revision Petition no.718/1999, Date of Judgment...
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Modification in Trade Circular No. 5T of 2015 Dt. 06/05/2015
TRADE CIRCULAR To No. JC (Reg)/uploading Document Regn/2015/530 Trade Circular No. 7T of 2015 Mumbai. Dated 19/05/201S Subject: Modification in Trade Circular No. 5T of 2015 Dt. 06/05/2015. Ref: Trade...
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DVAT- Due date for 4th Quarter Return extended to 29/05/2015
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(420)/VAT/Policy/2011/PF/209-215 Dated: 22/05/2015 CI...
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DVAT- Due date for 4th Quarter Return extended to 22/05/2015
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(420)/VAT/Policy/2011/PF/186-192 Dated: 15/05/2015 CI...
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MVAT- Amendments to various Acts administered by Sales Tax Department & notifications issued thereunder
8th floor,Vikrikar Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR. Sub: Amendments to various Acts administered by the Sales Tax Department and notifications issued thereunder. Ref: 1)Maharashtra Ac...
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GST Constitutional Amendment Bill sent to Select Panel of Rajya Sabha
Amid stiff resistance followed by walk out by the Congress Members, the Lok Sabha on May 6, 2015 had passed the much awaited Constitution (122nd Amendment) Bill, 2014 on Goods and Services Tax (GST) w...
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Karnataka VAT Notification - Matching of input tax credit
Karnataka VAT- Matching of input tax credit Karnataka Commercial Tax Department” (Department) has issued Notification no. CCW/CR44/2013-14 dated 29th April 2014 making mandatory for every dealer, whos...
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Goods and Service Tax (GST) in India: An Introduction
The Goods and Service Tax (GST) is a tax likely to be implemented in India, from 1st April 2016. GST is proposed to be a comprehensive indirect tax to be levied on manufacture, sale and consumption of...
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Online registration under MVAT Act, 2002 and CST Act, 1956
TRADE CIRCULAR To No.JC (Reg) /uploading Document Regn/2015/346 Trade Circular No. 5T of 2015 Mumbai, dated 06.05.2015 Subject: Online grant of registration under the Maharashtra Value Added Tax Act,...
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New Online Registration system for MVAT and CST without attending officers
from 07/05/15 as per Trade Circular 5T of 2015 Background: With reference to my previous article on revised registration procedure as per circular 4T of 2015, where common form for registration of MVA...
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Lok Sabha passes GST Constitutional Amendment Bill with 2/3 majority
Highlights of GST Bill passed by Lok Sabha Lok Sabha passes GST Constitutional Amendment Bill with 2/3 majority Amid stiff resistance followed by walk out by the Congress Members, the Lok Sabha today,...
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Punjab VAT-No assessment or provisional assessment without prior approval of ETC
Punjab Government has suitably amended Rule 47 of the Punjab VAT Rules, 2005 whereby no assessment or provisional assessment now can be framed without the prior approval of the Excise and Taxation Com...
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Incentivizing States Under GST Regime
As tax rates during Goods and Services Tax (GST) regime will be closely aligned to the Revenue Neutral Rates (RNR) of the Centre and the States, the revenues of the Central and State Governments will...
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Delhi VAT- Modification of Circular No. 27 of 2014-15 dated 27/02/2015
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.3(480)/Policy/VAT/14/157-163 Dated: 01/05/2015 CIRCULA...
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Delhi VAT- Default Assessment under CST Act
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (SYSTEMS BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No. 2986-92 Dated 01/05/2015 CIRCULAR No. 8 of 2015-16 Sub...