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GSTN Chairman Led Panel to Consult Tax Experts on GST Filing

The current UIDAI CEO and interim chairman of Goods and Services Tax Network (GSTN) Ajay Bhushan Pandey will lead a committee tasked with...

Delhi Govt extends due date for VAT Dealers to submit Closing Stock Details held by them prior to...

Federal Tax Authority Calls On All Businesses to Register for VAT

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

Share Transactions are Immuned from UAE VAT, says FTA

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

In a press release issued today, the Finance Ministry clarified that leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the applicable GST...

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

A two-judge bench of the Supreme Court on last week held that the State cannot deny taxes when a byproduct is marketable as goods and can fetch considerable price. While interpreting the provisions...

Kerala to reduce VAT on ATF

In a significant move, the Kerala Government has decided to reduce the rate of Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) by five per cent from the existing 28.75 per cent for a period of...

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...

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