Gujarat VAT Clarification: Provisional Refund of ITC on Closing Stock

Rule 37(5) read with Rule 15(6) of the Gujarat VAT Rules provide for provisional refund of upto 90% of the unadjusted `input tax credit’ (ITC) where the ITC (other than ITC on capital goods) admissible in the relevant period remains unadjusted against the output tax and if such unadjusted ITC is claimed as a refund [...]

Gujarat State Budget 2012 Proposed changes in VAT rates

The Gujarat Finance Minister placed the Budget for 2012-13 before the State Assembly on 24-Feb-2012. The Budget proposals included the following changes in VAT Rates:
 

Particulars

Existing rates(%) Incl. Add. Tax

Proposed rates(%) [...]

Sushil Kumar Modi | We will have to wait until April 2013 for GST

Sushil Kumar Modi | We will have to wait until April 2013 for GST

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 [...]

Gujarat VAT & CST Amendments w.e.f. 1st April 2011

[By Mr. Bharat V. Shah (Director), VNCA]
Consequent to Gujarat Budget 2011 proposals the following is the gist of important amendments to the VAT & CST Acts:
W.E.F. 1-4-2011, the rate of VAT on Sales of Tobacco of all types and Tobacco products such as Bidi, Cigarettes, Gutkha, Pan masala, snuff containing tobacco, etc. will be taxable [...]

Bar Associations oppose Online Gujarat VAT Returns

Members of 15 sales tax bar associations in the state have decided to protest against the Gujarat commercial tax department. The 4,000 bar members have been at loggerheads with the department over problems faced in filing Value added tax (Vat) returns. In a meeting of Gujarat Sales Tax Bar Association (GSTBA) on Friday, members designed [...]

State sales tax department busts major evasion racket

MUMBAI: The state sales tax department has busted a major tax evasion racket. The vigilance cell with the department stumbled upon a racket involving bogus ‘C’ forms belonging to 21 states.
The C forms are normally used to claim tax concession when goods are transported from one state to another. These are statutory declaration forms [...]

Gujarat VAT Returns – Extension of due date

We had informed you through our Update earlier that vide Notification No. (GHN-39) VAR-2010(287)/TH dtd. 24-9-2010, the Gujarat Government has made it mandatory for specified category of Dealers to file the VAT & CST Returns Electronically (E-Return) alongwith the information in Form 201A, 201B, 201C, Appendix I & II within thirty days from the end [...]

Centre rejects alternative GST models as talks shift to 2012 rollout

Centre rejects alternative GST models as talks shift to 2012 rollout

Amendments in VAT Rules for furnishing E-Return & time limit for submission of Tax paid Challan

[By Kirit Rana (Sr.Manager-VAT), VNCA]
The Government of Gujarat has vide Notification No. (GHN-39) VAR-2010(287)/TH dtd. 24-9-2010 amended Rule 19 of Gujarat Value Added Tax Rules, 2006 for E-Filing of VAT & CST Returns alongwith the information in Form 201A, 201B, 201C, Appendix I & II. The E-Returns have to be uploaded on the Department’s web-site [...]