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Gujarat VAT & CST

Gujarat VAT Dealers will now have to file stock details in 201C every month

May 25, 2017

As per Gujarat VAT Rules, till now Dealers were required to file Stock Statement in prescribed Form 201C every quarter other than certain small scale Dealers who had to file the Stock Statement on half-yearly basis. Through a Notification dtd. 12-May-2017, the Gujarat Government has amended the aforesaid Rules stipulating that w.e.f. April 2017, Dealers who were till now required

GST·Gujarat VAT & CST·Service Tax & CBEC

GST Enrolment–Transition of existing tax payers to GST

[By Shaleen Shah (Partner), VNCA] The Government has started preparation for transition of existing tax payers to GST. All existing taxpayers registered under any of the following Acts will be transitioned to GST: 1) Central Excise 2) Service Tax 3) State Sales Tax or VAT 4) Entry Tax 5) Luxury

Exporters need to prepare for GST

[Source: www.thehindubusinessline.com; Author: Ajay Srivastava] GST will usher in a new regulatory

GST may trigger consolidation in warehousing space

[Source: economictimes.indiatimes.com] The goods and services tax (GST) regime could usher in

Why India’s GST is one of the world’s most complex tax reforms

August 5, 2016

GST·Gujarat VAT & CST

[Source: www.bbc.com] Will India, a $2 trillion (£1.5tn) economy with 1.3 billion consumers, now become a truly single market? Many believe the landmark goods and services tax bill – passed by parliament on Wednesday evening, after years of filibustering by the ruling BJP and main opposition Congress – is a

Gujarat VAT/Sales Tax Amnesty Scheme-2016

August 2, 2016

Gujarat VAT & CST

[By Shaleen Shah (Partner), VNCA] In the Gujarat State Budget for FY 2016-17, the State Finance Minister had announced that in view of the imminent implementation of the composite Goods & Services Tax (GST), it was necessary to resolve the problems relating to past outstanding tax dues under the VAT

Download Draft Model of GST Law

June 15, 2016

GST·Gujarat VAT & CST

Download Draft Model of GST Law

Flipkart challenges Gujarat entry tax on online sale in HC

April 30, 2016

Gujarat VAT & CST

[Source: timesofindia.indiatimes.com] The Gujarat high court on Thursday issued notice to the advocate general and state authorities concerned over a petition filed by India’s largest online marketplace Flipkart Internet Pvt Ltd objecting to state government’s law levying entry tax on goods sold in Gujarat through online shopping. This happened after

Gujarat Budget 2016-17–VAT Amendments

April 13, 2016

Gujarat VAT & CST

[By Shaleen Shah (Partner) with Kirit Rana (Manager-VAT), VNCA] Gujarat Budget 2016-17 was passed by the State Assembly on 30-Mar-2016. The gist of VAT amendments enacted in the budget read with relevant notifications is as follows – INCREASE IN TAX RATES W.E.F. 1-APR-2016: 1. New Entry No.49C in Sch-II: Luxury

SC to lift entry tax cap, Rs 10k cr bonanza for states

March 22, 2016

Gujarat VAT & CST

States can expect a revenue bonanza of up to Rs 10,000 crore to be paid by big corporate houses in the manufacturing sector as the Supreme Court on Friday said it would in April vacate its three-year-old interim order asking authorities to collect only 50% of entry tax. Approximately Rs

Why India’s most important tax reform is still stuck in parliament

December 15, 2015

GST·Gujarat VAT & CST

[Written By: Gautam Khattar, Partner-Indirect Tax, PwC India; Source: Quartz India] In his budget speech in February 2015, Arun Jaitley announced an ambitious goal of implementing the Goods and Services Tax (GST) nationwide by April 01, 2016. Ever since that declaration by the finance minister, passing the bill through parliament

Time reduced for filing Gujarat VAT Returns

November 16, 2015

Gujarat VAT & CST

The Gujarat VAT Rules stipulate a period of 30 days for e-filing of monthly / quarterly returns from the end of the relevant period. Since e-filing of returns was new at that point of time, the State Government had granted relief by giving additional time for filing E-Returns. Now through

Intangibles–ambiguity between VAT & Service Tax

September 10, 2015

Gujarat VAT & CST·Service Tax & CBEC

[Source: forbesindia.com; Author: Rajeev Dimri, Leader, Indirect Tax, BMR & Associates LLP] Levy of service tax on provision of ‘services’ and value added tax (VAT) on sale of ‘goods’ is clearly demarcated and may look simple enough to the uninitiated. However, this simplistic differentiation regarding the nature of levy becomes

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

September 2, 2015

Gujarat VAT & CST

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

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Gujarat VAT & CST

Gujarat VAT Dealers will now have to file stock details in 201C every month

GST Enrolment–Transition of existing tax payers to GST

Exporters need to prepare for GST

GST may trigger consolidation in warehousing space

Why India’s GST is one of the world’s most complex tax reforms

Gujarat VAT/Sales Tax Amnesty Scheme-2016

Download Draft Model of GST Law

Flipkart challenges Gujarat entry tax on online sale in HC

Gujarat Budget 2016-17–VAT Amendments

SC to lift entry tax cap, Rs 10k cr bonanza for states

Why India’s most important tax reform is still stuck in parliament

Time reduced for filing Gujarat VAT Returns

Intangibles–ambiguity between VAT & Service Tax

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

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