Vinod & Narendra

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

September 2, 2015

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

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

July 22, 2015

Gujarat VAT & CST

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,

Government says US return IT professionals need to declare 401k account

July 9, 2015

Income Tax

Originally Published in www.economictimes.com Anyone who’s worked in the US and opened a 401k account may need to inform the Indian tax authorities or face harsh penalties under the black money law that came into force on July 1. Thousands of India’s IT professionals and others who’ve worked overseas will

Budget 2015 – increase in service tax rate to 14% notified w.e.f. 1-Jun-2015

May 22, 2015

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] In our Circulars on Budget 2015 as applicable to service tax, in the First Part, we had informed you the changes made effective immediately from 1-Mar-2015 and changes effective from 1-Apr-2015. In the Second Part we informed you the Budget amendments that became effective immediately

Budget 2015 enacted on 14-May-2015 – Service Tax Amendments effective from enactment

May 16, 2015

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] Downloadable PDF The Finance Bill, 2015 has received the Presidential assent on 14-May-2015 and stands enacted. In the First Part of our Budget Circular on Service Tax, we had informed you the changes made effective immediately from 1-Mar-2015 and changes effective from 1-Apr-2015. Following amendments

Gujarat VAT Forms 402 / 403 / 405 made mandatory

April 29, 2015

Gujarat VAT & CST

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

Budget 2015 – Service Tax Amendments effective from 1-Apr-2015

April 1, 2015

Service Tax & CBEC

[By Shaleen Shah (Partner), VNCA] Downloadable PDF Several amendments pertaining to Service Tax were proposed in the Finance Bill, 2015 presented by Hon’ble Finance Minister Shri Arun Jaitley. It may be noted that changes being made in the Budget are coming into effect on various dates. Few changes were made

Amount received by private companies from their members, directors or their relatives before 1st April, 2014 not to be treated as ‘deposits’

March 30, 2015

Corporate Laws

The Ministry of Company Affairs has issued the following clarification that Amount received by private companies from their members, directors or their relatives before 1st April, 2014 not to be treated as ‘deposits’ under the Companies Act, 2013 and Companies (Acceptance of Deposits) Rules, 2014. General Circular No.05/2015 dtd. 30-Mar-2015

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

December 23, 2014

Gujarat VAT & CST

[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,

Due Dates for filing Gujarat VAT & CST Returns

December 10, 2014

Gujarat VAT & CST

[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

Earlier Posts

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

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

Government says US return IT professionals need to declare 401k account

Budget 2015 – increase in service tax rate to 14% notified w.e.f. 1-Jun-2015

Budget 2015 enacted on 14-May-2015 – Service Tax Amendments effective from enactment

Gujarat VAT Forms 402 / 403 / 405 made mandatory

Budget 2015 – Service Tax Amendments effective from 1-Apr-2015

Amount received by private companies from their members, directors or their relatives before 1st April, 2014 not to be treated as ‘deposits’

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

Due Dates for filing Gujarat VAT & CST Returns

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