New registration scheme under gujarat value added tax act, 2003
Maharamchandra
(Querist) 08 December 2011
This query is : Resolved
Dear Experts,
You are requested to kindly refer NOTIFICATION dated 1st December, 2011 r/w Circular No.126/107. The State Government has amended rules and requires to deposit Rs. 10,000/- through local challans only for each Act whether central or state.
As there is no mention in the said notification the central government has conferred powers under the Central Sales Tax Act to deposit Rs. 10,000/- through local challans.
You are requested to kindly give your expert opinion that Whether the State Government may keep deposit towards revenue of the Central with State Government Treasury.
You are further requested to kindly express your opinion on Constitutional validity of the said notification.
Thanking You,
Raj Kumar Makkad
(Expert) 09 December 2011
As per latest decision of Revenue Ministers of All States, States have to retain now the aforesaid money which shall be distributed after taking thereon its final decision.