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Gujarat VAT & CST

This category contains 56 posts

ITC cannot be denied where registration is cancelled retrospectively–Gujarat HC

Under Gujarat VAT Act, amongst other conditions, the purchasing dealer can claim input tax credit (ITC) only if the purchases are made from another registered dealer. In cases where the assessee had purchased the goods from a dealer who was a registered dealer and, subsequently the registration of the said seller is cancelled retrospectively / [...]

SC notice to BG, Reliance Industries, ONGC in Rs 4,000-cr sales tax matter

The Supreme Court on Monday sought response from British Gas (BG) and two other companies — ONGC and Reliance Industries — on the Gujarat government’s appeal seeking to levy sales tax to the tune of around Rs 4,000 crore on them for bringing gas to Hazira from Panna-Mukta-Tapti (PMT) field, situated on the west coast [...]

Gujarat VAT Forms 402 / 403 / 405 made mandatory

Gujarat VAT Rules stipulate that every inter-state movement of goods must be accompanied by Form 402 (goods going out of the state), Form 403 (goods coming into the state) and Form 405 (goods transiting the state). Last year, the Gujarat VAT Department made it mandatory for certain categories of Dealers to electronically generate Forms 402/403/405 [...]

Electronically generated Forms 402/403/405 for movement of goods under Gujarat VAT Rules

[By Shaleen Shah (Partner), VNCA] You are aware that any movement of goods going outside the state, or goods entering the state, or movement of goods within the state must be accompanied by documents prescribed under the Gujarat Value Added Tax Rules, 2006 (GVAT Rules). Alongwith Invoice, Stock Transfer Note, Delivery Challan, Consignment Note, etc., [...]

Due Dates for filing Gujarat VAT & CST Returns

[By Shaleen Shah (Partner), VNCA] We had informed you regarding Amendment in Gujarat VAT Rules for filing of Returns. In a subsequent Circular No.156/135 the State Government has stated that the relief of additional time given for filing E-Returns vide Circular No.105/92 dtd.23-Dec-2010 shall continue even after the aforesaid Amendment in the Rules. In view [...]

Gujarat VAT Amnesty Scheme for builders & developers

[By Shaleen Shah (Partner), VNCA] This article was published in the Gujarati Newspaper, `Jaihind Daily’ on 6-Nov-2014 The States derive the power to levy salestax or VAT on indivisible works contract through Article 366(29A)(b) added by the 46th Amendment to the Constitution to cover ‘transfer of property in goods (whether as goods or in some [...]

Amendment in Gujarat VAT Rules for filing of Returns & VAT Audit Report

[By Shaleen Shah (Partner), VNCA] The Gujarat State Government has recently issued a Notification dtd. 15-Oct-2014 making significant amendments to the Gujarat Value Added Tax Rules, 2006 with effect from the date of the Notification. The gist of the amendments is as under. PROVISIONS RELATING TO FILING OF MONTHLY / QUARTERLY RETURNS (AS AMENDED) E-Filing [...]

Guj-VAT Notifications–Reversal of ITC on purchases used for inter-state trade

[By Shaleen Shah (Partner), VNCA] We have informed you earlier (Guj-VAT Notification: Disallowance of ITC) that under Gujarat VAT laws, Input Tax Credit (ITC) is to be reversed by 2% on taxable turnover of Purchases when – (a)  the goods are sold / resold in the course of inter-state trade and commerce; (b)  the goods [...]

New Online Facility for Input Tax Credit verification (Gujarat VAT)

[By Shaleen Shah (Partner), VNCA] You are aware that all dealers registered under Gujarat VAT Laws are required to file their returns online. Along with the main E-Return for VAT, each dealer (other than dealers who have opted for composition) is required to upload online the following details – Annexure 201A specifying the complete list [...]

Extension of due date for filing Gujarat VAT Annual Return

In a Circular issued by the Commercial Tax Department on 20-Dec-2013, the due date for Filing of Gujarat VAT Audit Report u/s 63 of the Gujarat Value Added Tax Act, 2003 for the financial year 2012-13 has been extended to 31-Jan-2014.  The due date for obtaining VAT Audit Report has also been extended to 31-Jan-2014.