Rule 51A of Punjab VAT Rules has been added in the Punjab VAT Rules 2005 w.e.f 12-09-2008 to provide for the locking of TIN No of a dealer in certain circumstances. Locking the TIN no means the temporary stoppage of interstate moveme ..
INTRODUCTION Parliament is endowed with plenary powers of legislation, and that it is competent to legislate with prospective or retrospective effect but power to legislate retrospectively is upheld by Courts with a Caveat that such retrospective ..
Analysis of important Deduction available to individual under Chapter VI A of the Income Tax Act, 1961 Introduction There can be various sources of income. These sources of income are clubbed together in order to find o ..
RES JUDICATA IN TAX MATTERS By: - Pratyush Prasanna IVth B.S.L. LL.B ILS LAW COLLEGE Pune Meaning of Res Judicata Res Judicata is a phrase which ..
Almost all States under their respective VAT laws have made provisions for deduction of VAT from payment to be made to the works contractors at the time of the payment (popularly known as works contract tax or VAT TDS on works contract). The Punjab ..
By Jeevesh Mehta, Advocate PARTNER (TAXATION) AT MAVEN LEGAL LLP In India the I T Industry has been operat ..
Central Sales Tax Act 1956 envisages single point of taxation i.e tax at the first point of sales. Subsequent sales during the movement of the goods from one state to another have been exempted under section 6(2) of CST Act. Before proceeding to u ..
By Adv. B.R. Bhalla advocatebhalla@gmail.com REJECTION & RETURN OF GOODS - DISTINCTION Every Sales Tax Act or VAT Act provide ..
By: Adv. B.R. Bhalla advocatebhalla@gmail.com REPLACEMENT UNDER WARRANTY CLAUSE TAXABLE OR NOT No sooner one thinks o ..
To constitute interstate sales, one of the basic requirement is that there should be sale. If a person sends goods outside from its state to its branch office in another state then it is not sale because you cannot sell goods to yourself. Similarly ..
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