Chartered Accountants
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New modus operandi by traders to evade VAT duty
The Gujarat commercial tax officials have unveiled a new modus operandi to evade tax which the department suspects is practiced by many agro-commodity traders in the state. The officials have found that many traders, with help of farmers and bogus papers, evade VAT duty on agro commodities like groundnut and others which are used for [...]
Featured Post
At a time when most parts of the country are facing power shortages and debt-laden state electricity boards and distribution companies (discoms) are seeking another bailout from the Centre, power sector entities in Gujarat are a study in contrast. All of Gujarat’s four state-owned discoms - Uttar Gujarat Vij Company, Madhya Gujarat Vij Company, Dakshin [...]
Asides
- Sushil Kumar Modi | We will have to wait until April 2013 for GST #
- Tax holiday extension ruled out for software technology park units #
- Centre rejects alternative GST models as talks shift to 2012 rollout #
- Finance Commission Report on GST flawless #
- Goods and service tax (GST) in Gujarat not before April 2011 #
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