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
CA, LLB Vacancies in Vi
The Vi invited applications for the post of AGM-Indirect Tax. QUALIFICATIONS CA/LL.B or bothExtensive knowledge and experience in Indirect taxes such as GST, Service Tax, VAT, Entry tax, Local Body taxes in any Big 4,
Second Appeal on Assessment Order: Kerala HC directs VAT Appellate Tribunal to consider Delay Condonation on Second Appeal [Read Order]
The High Court of Kerala directed the Value Added Tax (VAT) Appellate Tribunal to consider the delay condonation application on second appeal in relation to an assessment order. The petitioner in the present matter is
Maharashtra Budget: Hike on Price of Liquor, VAT dues to be recovered from Directors of Pvt Companies
Maharashtra Finance Minister Sudhir Mungantiwar has presented state budget 2017-18 on 18th March 2017. The budget proposed to hike VAT rate on country and foreign liquor to 25.93% from 23.08% from April 2017.Meanwhile, tax on weekly
UAE VAT: Govt Starts Registration for Agents and Software Vendors
VAT is one of the most common types of consumption tax found around the world. Over 150 countries have implemented VAT. The UAE will start implementing a Value Added Tax (VAT) rate of five per
Madras HC quashes VAT Assessment, directs Dept to follow Circular on Procedure to be followed in the cases of Mis-match [Read Order]
The Madras High Court, while quashing an assessment under the Tamil Nadu Value Added Tax Act, 2006 has directed the VAT department to follow the procedure to be followed in the cases of Mis-match. The
Haryana to form GST Appellate Tribunal
The State Government of Haryana is all set to set up a State bench of the Goods and Services Tax Appellate Tribunal in Hisar for speedy settlement under the Goods and Services Tax ( GST ) regime.
Deloitte hiring Chartered Accountant
The Deloitte has invited applications for the post of Tax - Sr. Manager – BPS. Responsibilities: Supervising a team of AM / executives involved in maintenance of books of account in accounting software like Tally/SAP
Revenue Fails to Substantiate Allegation of Clandestine Removal of Scrap: CESTAT sets aside SCN Demanding Excise Duty [Read Order]
The Chandigarh bench of the Customs Excise and Service Tax (CESTAT) set aside the show cause notice (SCN) demanding excise duty as the revenue failed to Substantiate allegation of clandestine removal of scrap. The appellants,
CA, LLB Vacancies in Vi
Vi has invited applications for the post of Manager-Indirect Tax. The role requires to support the Indirect tax vertical head on providing tax advisory, manage various indirect tax investigations, litigation and facilitate closure of the
Sale of Business as a Going Concern would not attract VAT: Hyderabad HC [Read Judgment]
The division bench of the Hyderabad High Court in M/s. Paradise Food Court v. state of Telangana, held that VAT cannot be imposed on the sale of business as a going concern under the provisions
Claiming Credit of VAT Paid on the Inputs, But Not Discharged Any Output VAT Liability Amounts to Profiteering: NAA [Read Order]
In a recent case, the National Anti-Profiteering Authority held that the Respondent had claimed credit of VAT paid on the inputs, but he had not discharged any output VAT liability would amount to profiteering. It
‘Rusk’ cannot be classified as ‘Bread’, No VAT Exemption: Meghalaya HC [Read Order]
A division bench of the Meghalaya High Court comprising Chief Justice Sanjib Banerjee, and Justice W. Diengdoh has observed that ‘rusk’ cannot be classified as ‘bread’ for the purpose of Meghalaya VAT Act and therefore,
No VAT for Solar Equipments in Haryana
The Haryana State Government today exempted Value Added Tax (VAT) on solar equipment and parts used in installation of solar power projects. A decision to this effect was taken by the Haryana Cabinet, which met
Applicability of Margin Scheme to Sale of Repossessed Vehicle
(An analysis of decision of UK Upper Tribunal in the matter of Volkswagen Financial Services [2020] UKUT 0042 (TCC) and question it raises for margin scheme under Indian GST) Margin scheme not applicable   for sale