Tag Archives: VAT Amnesty Scheme

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

MVAT- Administrative Relief to developers if combining fee paid

MVAT- Administrative Relief to developers if combining fee paid The Taxation of Developer was material of the Court proceedings. Hon’ble Supreme Court of India upheld the constitutional validity of the modification to section 2(24) of the Maharashtra Value Added Tax Act, 2002. As a result developers became at risk of pay tax below geographic region […]

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 […]