Amendment to the Maharashtra Value Added Tax Rules, 2005 & Central Sales Tax (Bombay)...

Amendment to the Maharashtra Value Added Tax Rules, 2005 & Central Sales Tax (Bombay) Rules, 1957. TRADE CIRCULAR  Date: 15.03.2010 No. VAT/AMD-1009/IB/ADM-06 Trade Cir.10T of 2010 Sub:             Amendment to the Maharashtra Value Added Tax Rules, 2005 & Central Sales Tax (Bombay) Rules, 1957. Ref. 1.      Government    Resolution    No.Misc-1008/CR-8/Treasury-5 dated 31st October 2008. 2.      Government    Resolution    No.STA-2009/CR-88/Taxation-2 dated 2nd January 2010. 3.      Government  Notification,  

Bombay high court promises to bring respite to senior citizens

A little-known circular issued by the Bombay high court promises to bring respite to senior citizens, who have been caught in the web of litigations. The HC has decided that preference should be given to cases where either of the parties involved in the court matter has attained the age of 60 years and above. The

PROPOSED AMENDMENTS TO CENTRAL SALES TAX FOR APPEALS AGAINST THE ORDERS PASSED BY THE...

Below are the extracts from Union Budget 2010 – 2011 related to Central Sales Tax – as found relevant to Bombay Sales Tax and Maharashtra VAT. UNION BUDGET 2010 -2011 [Extract of Finance Bill 2010 as introduced in the Parliament on 27 Feb 2010]  79. In section 20 of the Central Sales Tax Act, for sub-section (1) and

PROPOSED AMENDMENTS TO CENTRAL SALES TAX FOR APPEALS AGAINST THE ORDERS PASSED BY THE...

Below are the extracts from Union Budget 2010 – 2011 related to Central Sales Tax – as found relevant to Bombay Sales Tax and Maharashtra VAT. UNION BUDGET 2010 -2011 [Extract of Finance Bill 2010 as introduced in the Parliament on 27 Feb 2010]  78. After Chapter V of the Central Sales Tax Act, the following Chapter shall

PROPOSED AMENDMENTS TO CENTRAL SALES TAX FOR REASSESSMENT AND REVISION.

Below are the extracts from Union Budget 2010 – 2011 related to Central Sales Tax – as found relevant to Bombay Sales Tax and Maharashtra VAT. UNION BUDGET 2010 -2011 [Extract of Finance Bill 2010 as introduced in the Parliament on 27 Feb 2010] CHAPTER VI CENTRAL SALES TAX : 74 of 1956. 32 of 1994.. Amendment of

GST, new tax regime from 2011-12: FM

The government today exuded confidence of introducing major reforms on direct and indirect taxes front in the form of Goods and Services Tax (GST) and Direct Taxes Code (DTC) from April 1, 2011. “I am confident that the government will be in a position to implement DTC from April one, 2011… It will be my earnest

GST: A tax perspective

GST as you are aware is just value added tax (VAT). Sales tax and VAT for interstate transactions today were origin based that means when the tax is going it is the original state. The seller state tax rates which were getting incorporated, seller was collecting the tax for the interstate transaction part whereas in

Oppn stalls VAT bill on technicality

The ruling party was in for major embarrassment on Monday when the Opposition in the Assembly used a technicality to stall a Bill that aimed at increasing value added tax (VAT) on more than 100 items. 

Government not able to push tax-bill

Mumbai, Apr 19 : The Maharashtra government faced an embarrassing situation when it could not push through the Value added tax (VAT) bill after the opposition in the Legislative Assembly managed to force a discussion on the bill tomorrow

Indirect taxation of imports explained

Import of goods into India is subject to a levy of customs duty and the person importing the goods is liable to pay customs duty at the applicable rates. Customs duty consists of various components; viz the Basic Customs Duty (BCD), the Countervailing Duty (CVD) in lieu of the excise duty and the Additional Duty