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VAT in UAE: 10 Things to Know for a Smooth VAT Rollout

The Federal Tax Authority (FTA) has announced a list of the top ten things businesses must know before registering for VAT, in order to raise...

Share Transactions are Immuned from UAE VAT, says FTA

Leasing of Vehicles Purchased and Leased prior to GST Rollout would Attract GST, says Finance...

SC denies ITC Claim since Byproduct is Marketable and Fetches Good Price [Read Judgment]

Kerala to reduce VAT on ATF

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,...

GST Transitional Credit Claims: Govt may proceed against 162 Companies, Ask for VAT Returns

The Central Government, being puzzled by the number of transitional credit claims after the rollout of Goods and Services Tax regime, may now issue notice against 162 Companies and may also ask them...

Govt sets Up Committee to receive Profiteering Complaints

The Central Government has formed a four-member standing committee, comprising tax officials of the Centre and states to receive complaints of undue profiteering by any entity under the newly...

UAE VAT: Govt Launches New Web Portal to Help Businesses

A new website has been launched by the UAE’s Federal Tax Authority (FTA) to assist businesses prepare for the upcoming introduction of excise and value added tax (VAT). The FTA’s new...

UAE releases Federal Decree-Law on VAT

The United Arab Emirates (UAE) is all set to welcome the new Value Added Tax regime from January 2018. As part of achieving the deadline, the President, His Highness Sheikh Khalifa bin Zayed Al...

Finance Minister Arun Jaitley writes to State Chief Ministers to reduce burden of VAT on Petroleum Products used for manufacturing

The Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley has written a letter to State Chief Ministers urging the States to reduce burden of Value Added Tax (VAT) on Petroleum...

VAT in UAE: All You Need to Know

With an object to move towards the vision of reducing dependence on oil and other hydrocarbons as a source of revenue, the United Arab Emirates (UAE) and other Gulf Countries are going to implement...

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