Cost Accountants Institute to revamp CAT Course
The Institute of Cost Accountants of India (ICWAI) has decided to bring reforms in the Certificate in Accounting Technicians (CAT) Course. As part of this, the Institute has recently approved the revised syllabus to the course. Further, the
ICMAI extends date of admission in CAT Course for June, 2021 term of Examination
In the view of genuine requests, the Institute of Cost Accountants of India (ICMAI)  extended the date of admission in CAT Course for June, 2021 term of Examination. The last date of admission for CAT
CMA Exams December 2021: ICMAI extends Last date of Admission for CAT Course Students
The Institutes of Cost Accountants of India (ICMAI) has notified the extension of the last date of admission for Certificate in Accounting Technicians (CAT) Course students. “It is hereby notified that the last date of
CAT Exam to be held in Online Mode: ICMAI releases Time Table
The Institute of Cost Accountants of India (ICMAI) notified the Time Table for July 2021 CAT Examination. The Institute has decided to conduct CAT Course- Foundation (Entry Level) Part-I Examination on 25th July 2021 through
Penalty under VAT Act can’t be imposed in every case merely because it is lawful to do so: Karnataka High Court [Read Order]
The Karnataka High Court ruled that the Penalty under Value Added Tax Act can not be imposed in every case merely because it is lawful to do so. The petitioner, M/s Mangalore Refinery and Petrochemicals
Mosquito Mats, Coils and Vaporizers and Mortein are insect Killers, subject to 12.5% VAT: SC [Read Judgement]
In a significant case, the supreme court held that mosquito mats, coils, vaporizers and Mortein are insect killers therefore it was subject to tax at the rate of 12.5%. The aforesaid civil appeal was filed
Bonafide Error in Challan can be Rectified: Delhi HC directs VAT Dept allow Dealer to amend Tax Period in Challan [Read Order]
While granting relief to La Mode Fashions Private Limited, the Delhi High Court has directed the VAT department to allow the dealer to amend the tax period in the challan since a bona fide error
Calculating Deemed Sales Value by taking Turnover from Entirety of Works Contract even at the First Stage is Contrary to VAT Act: Madras HC [Read Order]
The Madras High Court, in a recent judgment has directed the VAT authorities to re-do the proceedings as the method for assessing the turnover from works contract was in contradictory to Rule 8(5) of the
Calcutta HC quashes Order against Resigned Director without connection to Alleged Offence under WB VAT Act [Read Order]
The Calcutta High Court has recently quashed the order directed against a resigned director who had no connection to the actual offence alleged to be committed under the West Bengal Value Added Tax Act, 2017.
Lack of Service of Notice deprive the Jurisdiction of Reviewing Authority: Bombay HC [Read Judgment]
The High Court of Bombay in The Additional Commissioner of Sales Tax vs. Ankita Implex, held that the reviewing authority will not acquire proper jurisdiction if there is no valid service of notice. The assessee
Supreme Court grants Exemption to Sale of Goods by a dealer not holding Exemption Certificate under Rule 28A in the course of Inter-State Trade from Haryana [DOWNLOAD JUGDMENT]
The appellant- company is an assessee under the Haryana General Sales Tax Act, 1973, Haryana General Sales Tax Rules, 1975 and the Central Sales Tax Act, 1956. In the year 1995-96, the assessee-company after purchase
Issuance of ‘C’ Forms: Delhi HC slams Govt. says Helplessness cannot be Pleaded for Inability of the System [Read Order]
A division bench of the Delhi High Court has directed to issue ‘C’ Forms for 2016-17 where assessment for 2016-17 was finalized and purchases accepted but the application for issuance of ‘C’ Forms was rejected
Tripura HC quashes Order demanding Unpaid Taxes with Interest and Penalty under VAT Act for inadequate hearing [Read Order]
The Tripura High Court quashed the order demanding unpaid taxes with interest and penalty under VAT Act for inadequate hearing. The petitioner, ITC Limited has challenged an order dated 26.02.2021 passed by the Superintendent of
VAT Re-Assessment merely On Ground of Audit Objection is Invalid: Orissa HC [Read Order]
A division bench of the Orissa High Court, while invalidating a VAT re-assessment order has held that the same cannot be made solely on the basis of audit objection under the Orissa VAT Act. The
AAR Application filed under Tamil Nadu VAT Act does not survive after Enactment of GST: Madras HC [Read Order]
The Madras High Court has held that an application filed before the Authority for Advance Rulings (AAR) under the Tamil Nadu VAT Act does not survive after the enactment of Tamil Nadu GST Act, 2018.