VAT | Corporate Law Reporter

Delhi VAT Circular Regarding Audit of Dealers

GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VAT AUDIT BRANCH 12TH Floor, VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002 No. VAT AUDIT /HQ/2013-14/3210-3218 Date: 16.08.2013 CIRCULAR REGARDING AUDIT OF DEALERS This is in continuation of circular No. VAT AUDIT /HQ/2013-14/2967-2974, Dated 25/07/2013 regarding Audit of Business Affairs of dealer by… Read More

Tags: Commissioner, Delhi, India, NCT, New Delhi, Value AddedTax, VAT, Vyapar Bhawan

Stamp Duty and Tax Implications in a Slump Sale

1. Stamp Duty on Immovable Property in a Slump Sale Although individual values cannot be assigned to the various assets for purposes of the transaction in a slump sale, appropriate values have to be considered for purposes of stamp duties. Under the Indian Stamp Act, 1899, stamp duty is payable in relation to transfer of… Read More

Tags: Allahabad High Court, Capital Gain, Immovable property, India, Stamp duty, Tax, Value Added Tax, VAT

DVAT Exemption to purchases to Diplomats from Gautemala

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002 No.F.5(54)/Policy-II/VAT/2012-13/472-484 … Read More

Tags: Commissioner, Delhi, Government of India, GUATEMALA, Ministry of External Affairs, New Delhi, Value Added Tax, VAT

DVAT Clarification regarding filing of audit report in Form-AR-1

DEPARTMENT OF TRADE & TAXES VAT AUDIT BRANCH, 12TH FLOOR, VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI NoVAT AUDIT/HQ/2013-14/ 2406-2413 CIRCULAR Dated: 2nd July 2013 The officers of VAT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards have been assigned the work of conducting audit of the business affairs of dealers u/s 58 of DVAT… Read More

Tags: Audit, Audit Report, Auditor's report, Commissioner, DVAT Act, New Delhi, Value Added Tax, VAT

Taxability of goods involved in Horticulture contracts

IN THE OFFICE OF COMMISSIONER DEPARTMENT OF TRADE AND TAXES GOVERNMENT OF N.C.T. OF DELHI VYAPAR BHAWAN, NEW DELHI No.180/CDVAT/2007/Review/111-116 M/s Shreejee Peekay International, 101, CSC, DDA Market, Pushpanjali, Delhi-110092 ORDER Dated:25-4-2013 Present for the Applicant : None Present for the Department : Sh. T.C. Sharma, Departmental Representative During the course of training of staff, … Read More

Tags: Delhi, Delhi Value Added Tax Act, DVAT Act, New Delhi, Pushpanjali, Tax, Value Added Tax, VAT

Rate of tax on Patang Charkhi, Patang Dor & Patang Manjha

IN THE OFFICE OF COMMISSIONER DEPARTMENT OF TRADE AND TAXES GOVERNMENT OF N.C.T. OF DELHI VYAPAR BHAWAN, NEW DELHI No.328/CDVAT/2013/104 Dated: 25-04-2013 Hathkargha Laghu Patang Udyog Samiti (Regd.), 1902, Bazar Lal Kuan, Delhi-110006 ORDER Present for the Applicant : Sh. R.S. Negi, Advocate Present for the Department : Sh. T.C. Sharma, Departmental Representative The above named applicant… Read More

Tags: Commissioner, Delhi, Delhi Value Added Tax Act, DVAT Act, New Delhi, Prashant Goyal, Value Added Tax, VAT

Delhi VAT – Embassy Exemption on purchases

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONA CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002 No.F.5(54)/Policy-II/VAT/2012-13/149-161 Dated:06/05/2013 NOTIFICATION No.F.5(54)/Policy-II/VAT/2012-13/ : WHEREAS the Ministry of External Affairs, Government of India, in accordance with the principle of reciprocity have requested the Government of… Read More

Tags: Commissioner, Delhi, Government of India, Ministry of External Affairs, New Delhi, Prashant Goyal, Value Added Tax, VAT

KVAT issues guidelines for Refund of wrong e-payments made by dealers

GOVERNMENT OF KARNATAKA Department of Commercial Taxes No.CCW/CR.03 / 2012-13 Office of the Commissioner of Commercial Taxes in Karnataka Vanijya Therige Karyalaya, Gandhinagara, Bangalore-9 Dated 26.3.2013 To, All the Joint Commissioners of Commercial Taxes (Admn), VAT divisions in the State. Sir, Sub: Refund of wrong e-payments made by dealers-issue of guidelines-reg. This office is receiving… Read More

Tags: Accounting, Internal Revenue Service, Karnataka Value Added Tax, KVAT, Money back guarantee, Payment, Tax, Tax refund, Value Added Tax, VAT

Extracts of Tax Proposal in Goa’s Budget for 2013-14

Chief minister Manohar Parrikar who is also the minister for finance to present Goa's budget for 2013-14 on 18th March 2013. Extracts of Budget Speech on VAT, Luxury Tax, Entry Tax & Entertainment Tax 1. Speaker Sir, I now turn towards the tax proposals for the year 2013-14. The various schemes and interventions towards the… Read More

Tags: Budget 2013-2014, Goa, Goa Budget, Government, Invoice, Manohar Parrikar, Tax, Value Added Tax, VAT

APVAT Guidelines for examination of Promotion or Appointment Proposals

CC No.6 Office of the Commissioner of Commercial Taxes, Andhra Pradesh: Hyderabad. C I R C U L A R CCT™s Ref No. DX 1 / 223 / 2013 Dt: 20-3-2013 Sub: Public Services - Commercial Taxes Department Proposals for appointment by transfer to the post of ACTOs Certain guidelines issued for examination of the proposals under… Read More

Tags: Andhra Pradesh, Andhra Pradesh VAT, APVAT, Chief Election Commissioner of India, Government, India, Nodal Deputy Commissioner, Rank Promotee, Rule 5 draft, Value Added Tax, VAT

Department directive on following procedures for Checking of Vehicular Traffic under APVAT Rules

Government of Andhra Pradesh Commercial Taxes Department Office of the Commissioner of Commercial Taxes A.P. Hyderabad CCT's Ref. Enft/D2/172/2010 Dated: 15-3-2013 Sri Suresh Chanda, LA.S., Commissioner of Commercial Taxes, A.P. Hyderabad Sub: Check of Vehicular Traffic- Detention, Tax collection, Penalty collection, Seizure, Confiscation of Goods - As per Section 45 of APVAT Act, 2005 and… Read More

Tags: Andhra Pradesh, Andhra Pradesh Value Added Tax, APVAT Rules, Confiscation, Continuously variable transmission, CVT, Supreme Court, VAT, Waybill

Punjab VAT rate change

Effective 03 September, 2012, the rate of VAT in Punjab has been enhanced, as mentioned below: Particulars Rate up to 02 September 2012 Rate with effect from 03 September 2012 Goods falling under Schedule B (Except Declared Goods i.e.Wheat, Paddy and Rice) 5% 5.5% Declared Goods falling under Schedule C-I (Other than Wheat, Paddy and… Read More

Tags: Punjab, VAT