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 […]
Tag Archives: VAT Amnesty Scheme
VAT Amnesty Scheme includes MVAT ,DVAT, and Raj Vat also.
No GST on Petrol and Petroleum Products As on date, there will be no levy of GST on Petrol and other petroleum products. Chief Economic Advisor Mr. Arvind Subramanian, on this Sunday, stated that Petrol and other petroleum product shall be outside the ambit of Goods And Services Tax (GST) regime after its roll out. […]
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 […]
GST Draft Law – 10 Things you must know Few of the private tax web portals published the copy of the draft GST law. Though the authenticity of the same is yet to be vetted by the Government officials, meanwhile, in the following paras the author has tried to decipher the proposed GST law.
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, […]
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