Delhi Govt lays down Guidelines relating to downloading of DVAT Statutory Forms [Read Circular]
The Delhi Government recently issued a circular prescribing the guidelines relating to downloading of Statutory Forms under the DVAT Act. The Circular lays down certain criteria which are applicable to specified dealers who have been
Penalty under VAT can be levied only on the Completion of Assessment Proceedings: Madras HC [Read Order]
The division bench of the Madras High Court held that penalty under VAT can be levied only on the completion of Assessment proceedings. The sole grievance of the assessee was that the VAT authorities made
Maharashtra Govt to form Three New Sales Tax Tribunals
With a view to dispose the pending Value Added Tax (VAT) litigations, the Maharashtra State government has decided to form three new sales tax tribunals benches in Mumbai, Pune and Nagpur. As of now, there
VAT on Compressed Natural Gas reduced in Uttar Pradesh
The Uttar Pradesh Government, on Tuesday proposed to reduce the rate of Value Added Tax (VAT) on Compressed Natural Gas (CNG) to five per cent. The current rate applicable to CNG in the State is
Orissa GST in its Progressive Path: Record of 40 per cent Growth in GST Collection
The Integrated Goods and Services Tax (IGST) and State Goods and Services Tax (SGST) collections for February 2023 of the current Financial Year increased by a combined 40%, according to the Odisha Goods and Services
Rajasthan Govt. extends Time Limit for ITC Mismatch demands Verification under Rajasthan VAT Act [Read Order]
The Rajasthan Government has notified the extended time limit for ITC mismatch demands verification from September 30, 2021, till December 31, 2021, under Rajasthan VAT Act. The state government has amended Notification No. F.16 (100)Tax/CCT14-15/655
Finance Ministry issues Circular Clarifying issues on Levying Service Tax on Govt. & Local Authorities to Business Entities
The Ministry of Finance recently issued a Circular clarifying the issues on levy of Service Tax on the services provided by the Government or a local authority to business entities. Any service provided by the
Kickboxing not exempted from VAT: UK Tribunal
The United Kingdom Value Added Tax (VAT) Tribunal ruled that Kickboxing is not exempted from VAT liability. The appellant Premier Family Martial Arts LLP, a kickboxing company lost its VAT dispute argued that kickboxing should
UAE receives Over 3.2m VAT Refund Claims from Tourists
As per Federal Tax Authority (FTA), a total of 3.2m applications for VAT refunds were received by the end of 2019, marking an increase of 1.68m applications from mid-2019. On average, the refund applications on
VAT Returns of Third parties not available through RTI: CIC [Read Order]
The Central Information Commission (CIC) has held that the VAT returns of the third parties cannot be made available through applications under the Right to Information (RTI) as there is no public interest involved in
Delhi HC stays Notification cancelling F Forms issued by Dealers [Read Order]
A two-judge bench of the Delhi High Court has stayed the notification issued by the State Government cancelling form F issued by a dealer in Delhi. The cancellation was purportedly under rule 8(10) of CST
Non-Payment of Interest on VAT Refund: Delhi HC directs to consider Interest Claim u/s 42 of DVAT Act within 2 Weeks [Read Order]
The Delhi High Court recently directed the Commissioner, Value Added Tax to consider interest payable towards interest on VAT refund to the petitioner. The petitioner's plea highlighted the absence of interest despite the credited refund.
Cashless Economy: Chhattisgarh, Gujarat Govts removes VAT on Card Swipe Machines
In a significant step to promote cashless transactions in Chhattisgarh and Gujarat, the state governments has decided to exempt purchase of card swipe/Point of Sale(PoS) machines from Value Added Tax (VAT). In a cabinet meeting chaired
Allahabad HC slams UP Tax dept for taking money from Flipkart in lieu of VAT dues
The Allahabad High Court has reportedly censured the commercial tax department of Uttar Pradesh for using "dubious" means to withdraw Rs 49 crore from the bank accounts of online marketplace Flipkart in lieu of value-added
Enforcement Directorate files Complaint against Businessman in VAT Refund Scam
In a case relating to VAT refund scam, the Enforcement Directorate ( ED ) last day filed a complaint against a Ludhiana-based businessman, Ramesh Mehan, proprietor of York International, Rajeev Mehan, Raman Garg, and others