Tag Archives: VAT Amnesty Scheme

VAT Amnesty Scheme includes MVAT ,DVAT, and Raj Vat also.

GST- Proposed Input tax credit methodology

GST- Proposed Input tax credit methodology Goods & Service tax (GST), the mile stone tax reform since independence of India is on its way to implementation journey and proposed GST bill is under discussion everywhere. This is very crucial stage to understand the various methodologies proposed in the GST bill. As we all aware that […]

No disallowance u/s 43B for unpaid sales tax liability shown as contingent liability

No disallowance u/s 43B for unpaid sales tax liability shown as contingent liability Citation of the Case-: DCIT vs. M/s. Escorts Construction Equipment Ltd. (ITAT Delhi), Income tax (Appeal) no.1860 of 2011, Date of Judgment: 16/10/2015 Brief of the Case ITAT Delhi held In the case of DCIT vs. M/s. Escorts Construction Equipment Ltd. that […]

Delhi VAT Amnesty Scheme-Highlights

DELHI VAT COMPLIANCE ACHIEVEMENT SCHEME, 2013 (DCS)  HIGHLIGHTS  Abbreviations used: (i)  DSC (or) Scheme: Delhi Tax Compliance Achievement Scheme, 2013 (ii) DVAT Act: Delhi Value Added Tax Act, 2004 (iii) CST Act: Central Sales Tax Act, 1956 (iv) DST Act: Delhi Sales Tax Act, 1975 (v) WCT Act: Delhi Sales Tax on Works Contract Act, 1999 (vi) RTU Act: Delhi Sales Tax on Right to Use Goods Act, […]