The Excise and Taxation Department, Government of Punjab has amended rule 21 of Punjab VAT rules to add sub rule 2-A in the said rule to provide for that ITC shall be allowed to a taxable person to the extent of tax payable on the resale value of go ..
For registration under the Punjab VAT Act 2005 one of the requirement u/s 25(1) is furnishing of security for securing the payment of tax under PVAT Act 2005. This requirement is compulsory as per the wording of section 25(1) of PVAT Act 2005 which ..
E-Filing for AY 10-11: Quick Statistics (as on 15th October 2010) HIGHLIGHTS OF e-FILING SEASON AY 10-11 ( up to 15/10/2010) (1) COMPARATIVE PROGRESS OF e-FILING OF RETURNS Form Type ..
(1) A sales tax practitioner shall be eligible for having his name entered in the list of sales tax practitioners maintained under section 82, if - (a) he has passed an accountancy examination, recognised by the Central Board of Revenue constit ..
Experts opinions, newspaper editorials and even comments on CA Club website lavishly talk about income tax exemptions to be distorting the tax scene of the country, leading to massive leakage of revenue to the government and ultimately resp ..
Several exemptions are being afforded as a matter of necessity so much that GST is being opposed by SSI units for fear of losing their excise exemptions. Author believes that all exemptions from indirect taxes are unproductive and hence, worthy of ..
Professional Tax - Means income derived from a profession. Tamilnadu Professional Tax law says that a Govt. servant receiving pay from the revenue of the Central or State Govt. This provision clearly says that Govt. running professional undertakin ..
SOME ISSUES PERTAINING TO C FORMS UNDER CST ACT 1956 Under CST Act 1956 there are lot of Forms and declarations which help in saving CST on the interstate transactions. C form is an important and foremost common among dealers registered under CST ..
A DISCUSSION ON SETTLEMENT COMMISSIONINCOME TAX ACT 1961/ DIRECT TAXES CODE BILL 2010 It has been discussed, elaborated over the years the basics of Wanchoo Committee Report and the creation of Income Tax Settlement Settlement Commission. Nevert ..
Goods and Service tax (GST) is the most talked about topic in the field of indirect taxation today in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT in India. The central government wants ..
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