Centre rejects alternative GST models as talks shift to 2012 rollout
Centre rejects alternative GST models as talks shift to 2012 rollout
Earlier Posts
Amendments in VAT Rules for furnishing E-Return & time limit for submission of Tax paid Challan
October 2, 2010
[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
Controversy – Service Tax on Copyrights
July 9, 2010
[By Shaleen Shah (Partner), VNCA] The Finance Act, 2010 has amongst other amendments, proposed following new service on Copyrights w.e.f. 1-Jul-2010: The existing taxable service ‘Intellectual Property Right (IPR)’ excludes copyright from its scope. The service of transferring temporarily or permitting the use or enjoyment of Copyrights on (a) cinematographic
Guj-VAT Notification: Disallowance of ITC
June 30, 2010
In a latest Notification dtd.29-Jun-2010, the Gujarat Government has notified – 1. Input Tax Credit will be reduced 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 are used as input including
Service Tax Amendments – The Finance Act, 2010
June 26, 2010
[By Shaleen Shah (Partner), VNCA] DOWNLOAD PDF FILE Budget-2010 proposed several amendments under Service Tax. The Finance Bill, 2010 presented on 26-Feb-2010 was enacted & received the assent of the President on 8-May-2010. Post Budget, several notifications were issued to effect certain budget proposals. In a further Notification No. 24/2010-ST
Gujarat VAT Amendments
February 18, 2010
Addition / Amendment of Entries in Industrial Input List Chemicals notified as industrial input items covered in notification attached to entry 42/A- are taxable at 4%+1% Additional Tax. Until now, the list of chemicals covered under entry 42/A have been notified vide the Notifications Nos. GHN-33/2006 dtd. 31-Mar-2006; GHN-46/2006 dtd.
Gujarat VAT Rules Amendment – TDS Procedure Notified
January 8, 2010
We had informed you vide our earlier Circular dated 7-Dec-2009 about the TDS provisions under the Gujarat VAT laws. As per provision of Section-59 B of the Gujarat VAT Act 2003, a person who awards “specified works contract
Finance Commission Report on GST flawless
December 19, 2009
Finance Commission Report on GST flawless
Symbol for Rupee in final lap
December 18, 2009
Panel shortlists five candidates, decision on winning entry in January. The long wait for a symbol of the rupee is expected to end by March next year. A committee headed by Reserve Bank of India (RBI) Deputy Governor Usha Thorat has shortlisted five symbols from 4,000 entries for a public
Goods and service tax in Gujarat not before April 2011
December 15, 2009
Goods and service tax (GST) in Gujarat not before April 2011
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