Transition of VAT TDS credit into GST ITC: Madras High Court quashes Notices denying of Transition of Credit in respect of TDS [Read Judgment]
The Madras High Court has recently ruled on the Transition of VAT TDS credit into GST ITC wherein it quashed the notices issued by the Commercial Tax Authorities proposing the denial of the transition of
No Loss of Revenue: Madras HC quashes Charge Memo against Former VAT Officer [Read Order]
The Madras High Court quashes charge memo against former VAT officer on the ground that there is no loss of revenue to the department. The petition is filed by the petitioner for the issuance of
No Inclusion in Assessable Value if Subsidy Amount Paid by Challan or is Adjusted: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal, New Delhi in the case of Maihar Cement v. CCE & ST Jabalpur allowing the appeal held: if subsidy amount is paid by way of VAT 37B
ITAT deletes Additions made towards Excise Duty, CST & VAT debited to Profit and Loss Account [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted additions made towards excise duty, CST & VAT debited to profit and loss account. The assessee, R.S. Steel Manufacturers has assailed the order of
GST Registrations in Madhya Pradesh exceeds Four Lakh
As the Goods and Services Tax ( GST ) regime turned one year in July this year, the number of traders who have joined the regime in Madhya Pradesh has reached over four lakh, a
ICAI to Revise CA Syllabus to Incorporate GST Laws and CSR
The Institute of Chartered Accountants of India (ICAI) is all set to revise the syllabus for CA examinations so as to incorporate the new indirect tax law, ie, Goods and Services Tax (GST) and corporate
Rajasthan Govt. reduces VAT on Petrol and Diesel
Rajasthan Chief Minister Ashok Gehlot on Friday announced that his government has reduced the Value-Added Tax (VAT) by 2 percent both on petrol and diesel. Gehlot also urged the Central government for a reduction in
Bombay High Court declares Notice of VAT Audit invalid as issued beyond Limitation Period of four years [Read Judgment]
The Bombay High Court declared Notice of VAT Audit invalid as issued beyond the limitation period of four years. As many as 10 petitions were filed by the firms carrying on the business of retail
Zambia introduces Significant changes in VAT Legislation
The Zambia Ministry of Finance brought changes to the Value-Added Tax (VAT) Act aiming at increased tax revenue as part of new tax reforms. The VAT Order 2019 sets out changes for zero rate VAT
Bihar Govt announces One Time Settlement for Pre-GST Tax Dues
Bihar Government introduced a significant 'one-time settlement' initiative on Thursday, targeting traders burdened with tax liabilities from the pre-GST era. Deputy Chief Minister and Finance Minister Samrat Chaudhary presented the Bihar Tax Disputes Settlement Bill,
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
Assessment order under Maharashtra VAT Act to be served manually and not through email: Bombay High Court [Read Order]
The Bombay High Court ruled that the manual Assessment order under Maharashtra VAT Act be served manually and not through email. The petitioner, Greatship (India) Ltd. is a company incorporated under the Companies Act, 1956
Haryana Cabinet approves Amendment to Haryana VAT Rules, 2003
The Haryana cabinet approved the amendment in Rule 42 of the Haryana Value Added Tax Rules, 2003, to facilitate speedy disposal of refund files and enhance ease of doing business in the state. As per
Tyre, Tube and Flaps sold along with Tractor-Trolley Not Eligible for Concessional Rate of VAT: Orissa HC [Read Order]
A division bench of the Orissa High Court headed by the Chief Justice has held that the tyre, tube and flaps when sold along with tractor-trolley as a single unit to be taxed separately @
VAT Expenses on Deemed Import eligible to be set off against VAT Output: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the Value Added Tax (VAT) expenses on deemed import eligible to be set off against the VAT output. The assessee, Starline Organics Pvt. Ltd.