• Value Added Tax (VAT) in GCC Countries by January 1, 2018

    The Gulf Cooperation Council (GCC) countries have recognized that the revenue from Indirect taxation is needed to offset the falling price of oil in the current scenario….

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  • Bill-wise Purchases and Sales Returns to be filed for Maharashtra VAT

    Maharashtra Sales Tax Department has issued circular on 25th February 2016 proposing changes in the VAT to be implemented from 1st May 2016….

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  • Delhi Government hikes VAT on Petrol and Diesel

    In an attempt to bring uniformity in the tax rates with neighboring states, the AAP Government in Delhi has increased the applicable VAT rate ….

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  • Crackdown on VAT defaulters under Delhi VAT

    The introduction of form DS-2, few months back, was an important step taken by the Government of Delhi to curb the practice adopted by some tax evaders…

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  • Daman VAT Tax rate enhanced from 4% to 5% w.e.f 14-01-16

    The following Daman and Diu Value Added Tax (Amendment) Regulation, 2015 (No. 2 of 2015) published in the Gazette of India, Extraordinary, Part II …

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  • Delhi VAT Dealers – Last chance to revise annexure 2A and 2B for FY 2012-13

    The problems with mismatch in annexures 2A and 2B are very common with respect to filing of VAT returns
    under the Delhi VAT Act…

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  • Delhi VAT – Waiving off of Penalty under the Amnesty Scheme

    It has been noticed that penalty imposed u/s 86(15) is not waived of in case of some dealers…

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  • Issues of MVAT Set Offs – A Detailed Article

    Sales tax department grants set off, if goods are purchased by registered dealers of the state…

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  • Maharashtra VAT, Professional Tax & Luxury Tax – Recent Amendments

    Amendments in Schedule Entries under MVAT Act…

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  • Delhi VAT – Amnesty Scheme

    Government of NCT of Delhi had notified a scheme named Delhi Tax Compliance Achievement Scheme, 2013 vide Notification No…

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  • Delhi VAT – Process of Refund Claims

    As you are aware that Value Added Tax (VAT) is a multi-point tax levied at each point of sale, on sale of goods, by State Government in exercise of the powers conferred…

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  • Delhi VAT – Reconciliation returns in CST Form 9

    The reconciliation return in CST Form 9 relating to receipt of declarations/ certificates for a year has been notified vide Notification…

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  • Central Sales Tax (CST)

    Central Sales Tax is a tax on Sale levied by Central Government under the provisions of Central Sales Tax Act, 1957. As an Indirect Tax, the burden falls on the consumer. It is levied by Central Govt…

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  • Levy and Incidence of VAT in Maharashtra

    The system of value added tax (VAT) has been implemented in the state of Maharashtra, w.e.f 1st April, 2005.

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  • Composition of taxes under Maharashtra VAT

    Section 42 provides for Composition Schemes for various classes of dealers, as may be notified by the State Government from time to time. The dealers opting for such composition schemes shall pay tax…

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