BIHAR VAT Amendment in Bihar Value Added Tax Rules 2005 Sub-rule (2)(b) of Rule 14 has been substituted. Now, the value of stock transfers outside the State shall be arrived at after applying the following Formula- R2 = [B x I / P] {Earlier formula was: R2 = [4 x B ÷ 100]} Where, R2 = reverse… Read More »
RAJASTHAN VAT: Information to be submitted by e-commerce companies The e-commerce companies, transporters/ courier companies (effecting delivery) or intermediaries (receives any amount) who sold or purchased goods in the State through e-commerce is liable to furnish information in Form EL-1, EL-2 and EL-3 to AC/ Commercial Tax Officer within 15 days from the end of relevant month.… Read More »
RAJASTHAN VAT Amnesty Scheme 2016 to be effective upto 03.2016 Rajasthan Government vide Notification No. F. 12(16) /FD/ TAX /2009-116 dated 21st January, 2016 has introduced Amnesty Scheme 2016 which provide for waiver of interest & penalty. To avail the benefit under the Scheme, the applicant is required to submit an application in Form AS-I appended to this… Read More »
DELHI VAT Amendment in Rule 28 (Dealer’s periodic Returns) of Delhi Value Added Tax Rules, 2005. Sub-rule (3) of Rule 28 states that return DVAT-16 & DVAT-17 shall be furnished by transmitting the data in the return electronically on www.dvat.gov.in and thereafter submitting the Return Verification Form in Form DVAT-56, in duplicate. Such return and form shall… Read More »
DELHI VAT Ratio for auto-downloading of central statutory forms has been revised from 60% to 45%. Delhi Government has prescribed that the facility of auto-downloading of the forms shall not be available for the tax period where the ratio of sale to purchase, (including stock transfer and local transactions) falls below 45%. The purchase of… Read More »
TAMILNADU VAT Exemption from tax on sale of goods to units located in SEZ Tamil Nadu Government hereby makes an exemption of tax payable by any dealer on the sale of goods made to a registered dealer for the purpose of- setting up, operation and maintenance of a unit located in a SEZ in Tamil… Read More »
TAMIL NADU VAT Amendment in Rules of Tamil Nadu Value Added Tax Rules 2007 Tamil Nadu Government vide Notification No. G.O. Ms.No. 18 dated 29th January, 2016 has amended following rules of Tamil Nadu Value Added Tax Rules, 2007: Rule 4 – Application for Registration Rule 5 – Certificate of Registration Rule 6 – Accounts Rule… Read More »
MAHARASHTRA VAT Guidelines for granting refund to the certain class of dealers within stipulated time limit Maharashtra Government has provided following time limit for granting refund to Dealers eligible to file Audit Report in Form e-704, Dealers not eligible to file Audit Report and PSI cases: Time Limit- Condition- Within 45 days from due date… Read More »
MAHARASHTRA VAT Modification in the list of documents required to be submitted along with the registration application Maharashtra Government has given following relaxation in the documents to be uploaded at the time of online registration: Scanned copy of- Relaxation PAN Card If not available, details of PAN obtained fromwww.incometaxindiaefiling.gov.in may be accepted as a proof of… Read More »
KARNATAKA VAT Electronically submission of appeal on http://vat.kar.nic.in Karnataka Government has notified, with immediate effect, that any person objecting to any order or proceedings affecting him shall submit an appeal electronically through the website http://vat.kar.nic.in as per the instructions contained in the user manual hosted onto the website available under “Reports and Help”. [Notification No. EG1.CR-23/2015-16 dated 20th January,… Read More »