The Maharashtra state government has recently introduced a significant alteration to the Value Added Tax (VAT) structure applicable to the sale of liquor in various establishments. This change is anticipated to have a modest impact

In a Kerala Budget 2021 presented by Kerala Finance Minister Thomas has proposed to reduce the Value Added Tax ( VAT ) on CNG/LNG to 5%. The present VAT on CNG/LNG is 14.5%. The Finance

The Himachal Pradesh High Court has held that the section 5 of the Limitation Act is not applicable to the proceedings relating to appeal or revision under the Himachal Pradesh Value Added Tax Act (

The cash/ trade discounts to the customers are allowable as business expenditure even if the same is not reflected in the invoice, said the Income Tax Appellate Tribunal, Hyderabad bench. The decision would be a

In a major relief to Mc Donalds, the division bench of the Delhi High Court held that royalty received by the assessee-Company, under Franchise Agreements for the transferring the use of trademark, logo, service marks,

The Madras High Court has held that the imposition of penalty under section 27(3) of the Tamil Nadu VAT Act is not automatic, and deleted the penalty order. The petitioner, Sayar Cars is an authorized

The Rajasthan Government while proposing Rajasthan Budget 2021 notified the 5% VAT on Petroleum Crude. The State Government being of the opinion that it is expedient in the public interest, inserted Petroleum Crude in the

According to the Jharkhand High Court (HC), the cost of transporting goods from the seller to the buyer is not included in the selling price under the Value Added Tax Act,  2005. The orders were

The Ministry of Finance, MoF, Monday announced that the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, signed the Executive Regulation for the Federal Decree-Law No. (8)

The Italy Government has passed the New Value Added Tax (VAT) Measures. VAT measures which include: Postponement of VAT rate increase: Standard VAT of 22% and reduced VAT rate of 4%, 5% and will continue

Department of Trade & Taxes, Government of Delhi has issued a Circular regarding assessments orders under Central Sales Tax ( CST ) Act,1956 for the year 2013-14 upon the representation of The Sales Tax Bar

The upper tribunal gave its appeal decision favoring News Corp UK and Ireland Limited, a representative member of a VAT group that publishes well-known E-newspapers such as The Times, The Sunday Times, The Sun and

The Maharashtra Finance Department notified the Maharashtra VAT Criteria for Withdrawal (on the basis of probable revenue involved) of the Assessment Proceedings Scheme, 2021. The objective of the government behind notifying the scheme is to

The State Government of Telengana is considering amendment to VAT law Act with a view to verify old records. This is in the light of Rs 400 crore scam first detected in the commercial taxes

A single bench of the Rajasthan High Court confirmed the levy of 12.5% of tax on Johnson & Johnsons products “Shower to Shower” and “Listerine Mouthwash”. The bench further said that classification of the product ‘savlon’