Maharashtra Sales Tax Tribunal stays levy of Balance Amount until the Disposal of VAT Appeal as 10% Mandatory Deposit is made [Read Order]
The appellant M/s. Work Stores Ltd. is a reseller of office stationery, furniture, and computer and software, etc. The appellant was assessed by the Deputy Commissioner of Sales Tax, Refund Audit Branch. The assessment resulted
UAE VAT: Federal Tax Authority Clarifies Regulations Regarding VAT for the Real Estate Sector
The Federal Tax Authority (FTA) has clarified regulations pertaining to Value Added Tax (VAT) when it comes to the real estate sector, stating that the supply of commercial real estate (selling or leasing) will be
Puducherry Govt reduces VAT On Petrol By 3%
The Puducherry government Today said the territorial administration has cut value-added tax (VAT) on petrol by 3%. As per Indian Oil's website, the petrol currently retails at Rs 101.81 a litre and diesel costs Rs
Nigeria to continue Old 5% VAT for Contracts Signed before Feb 1
The Federal Executive Council (FEC) of Nigeria meeting on Wednesday announced that the old 5% Value-Added Tax (VAT) will be applied for the contracts signed before February 1. Malam Garba Shehu, senior special assistant, media
Bombay HC refuses Refund of VAT worth Rs. 95.42 Lakhs due to unreasonable delay in filing the Petition [Read Order]
The Bombay High Court has refused the refund of Value Added Tax (VAT) worth Rs. 95.42 Lakhs due to unreasonable delay in filing the Petition. The petitioner, E-Land Apparels Ltd. sought the direction to grant
UP VAT Dept Allows Issuance of C-Form manually for Closed Firms with lower Turnover [Read Circular]
In a major relief to the Small Firms in the State of Uttar Pradesh, the VAT department allowed manual issuance of C Forms for closed Firms whose turnover is more than Rs  25 lakhs. Manual
Non-Resident Businesses may become eligible for VAT Refund in KSA
It is expected that the Tax Authority of the Kingdom of Saudi Arabia (KSA) will provide a Value-Added Tax (VAT) refund for non-resident businesses having their economic activities outside of Saudi Arabia. The details regarding
VAT Subsidy can’t be included in Assessable Value: CESTAT [Read Order]
The Delhi bench of Customs Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that VAT Subsidy can’t be included in the assessable value. The bench including Justice (Dr) Satish Chandra President and
Delhi Govt. issues Guidelines for Time bound Disposal of objections filed under VAT [Read Circular]
The Delhi Government on Wednesday has issued the guidelines for time bound disposal of objections filed under the Value Added Tax (VAT). In order to ensure time bound disposal of the objections under Delhi Value
Withholding of Partial VAT Refund Against Existing CST Dues: Calcutta HC directs Refund with Interest [Read Order]
The Calcutta High Court, while allowing a writ petition, has directed the VAT department to grant refund along with interest as the department was withholding partial refund in the light of existing CST dues. The
Haryana Govt likely to notify One Time Settlement Scheme for Traders
In a bid to recoup outstanding dues amounting to nearly Rs 30,000 crore from traders, the Haryana Government is set to introduce a one-time settlement (OTS) scheme focused on resolving pending VAT cases from the
Egypt to remove Baked Snacks from the List of VAT Exempt Goods
The Finance Ministry of Egypt has an amended VAT Act to remove baked snacks and shower gel from the list of VAT-exempt goods says the local press reports. The current rate of 5% will be
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
Mismatch in VAT Return: Madras HC directs to Provide Opportunity of Cross-Examination [Read Order]
While considering a writ petition, the Madras High Court has directed the VAT department to follow the instructions in a case relating to the mismatch in the VAT returns. The petitioner, M/s Lakshmi Agency, has
VAT Dealer cannot Claim Refund/Avail ITC on Return of Purchased Goods after Limitation Period of 90 Days: Kerala HC [Read Order]
In a significant ruling, a division bench of the Kerala High Court has held that a dealer under the Kerala VAT Act is not entitled to claim any refund of tax paid on such purchase