Tag Archives: VAT Amnesty Scheme

Fat tax impose in kerala on burgers, pizzas in budget

Fat tax impose in kerala on burgers, pizzas in budget
Finance minister Thomas Isaac, who presented the revised budget for 2016-17 on Friday, said the government will raise tax revenues through nine schemes, which include introduction of a 14% “fat tax” on burgers, pizzas, tacos, doughnuts, sandwiches, burger patties, pasta and bread-fillings. The budget expects

Profession Tax Enrollment Amnesty Scheme 2016

Profession Tax Enrollment Amnesty Scheme 2016
The Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 (Profession Tax Act) is implemented with effect from 1st April, 1975. Under this act, every self employed person engaged in any profession, trade, callings and employment in the state of Maharashtra is required to obtain Enrollment certificate

KVAT: Settling the dust on the Input Tax issue

KVAT: Settling the dust on the Input Tax issue
The Value Added System of Taxation of Goods was introduced in order to address the issue of multiplicity of taxes and cascading effect of such taxes in the transaction chain. In the erstwhile single point taxation, goods which underwent any manufacture or processing where subject to

Service Tax versus VAT on Renting of Motor Vehicles

Service Tax versus VAT on Renting of Motor Vehicles
Currently, there is lot of confusion among the industry, trade and the taxmen on whether the activity of Renting of movable goods or supply of tangible goods attracts Service Tax or whether it attracts Sales Tax. The confusion has only been used as a tool by