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Gujarat VAT & CST

This category contains 69 posts

Why India’s most important tax reform is still stuck in parliament

[Written By: Gautam Khattar, Partner-Indirect Tax, PwC India; Source: Quartz India] In his budget speech in February 2015, Arun Jaitley announced an ambitious goal of implementing the Goods and Services Tax (GST) nationwide by April 01, 2016. Ever since that declaration by the finance minister, passing the bill through parliament has been the topmost priority […]

Time reduced for filing Gujarat VAT Returns

The Gujarat VAT Rules stipulate a period of 30 days for e-filing of monthly / quarterly returns from the end of the relevant period. Since e-filing of returns was new at that point of time, the State Government had granted relief by giving additional time for filing E-Returns. Now through Circular dtd. 10-Nov-2015, the State […]

Intangibles–ambiguity between VAT & Service Tax

[Source: forbesindia.com; Author: Rajeev Dimri, Leader, Indirect Tax, BMR & Associates LLP] Levy of service tax on provision of ‘services’ and value added tax (VAT) on sale of ‘goods’ is clearly demarcated and may look simple enough to the uninitiated.  However, this simplistic differentiation regarding the nature of levy becomes perplexing in the case of […]

ITC cannot be denied where registration is cancelled retrospectively–Gujarat HC

Under Gujarat VAT Act, amongst other conditions, the purchasing dealer can claim input tax credit (ITC) only if the purchases are made from another registered dealer. In cases where the assessee had purchased the goods from a dealer who was a registered dealer and, subsequently the registration of the said seller is cancelled retrospectively / […]

SC notice to BG, Reliance Industries, ONGC in Rs 4,000-cr sales tax matter

The Supreme Court on Monday sought response from British Gas (BG) and two other companies — ONGC and Reliance Industries — on the Gujarat government’s appeal seeking to levy sales tax to the tune of around Rs 4,000 crore on them for bringing gas to Hazira from Panna-Mukta-Tapti (PMT) field, situated on the west coast […]

Gujarat VAT Forms 402 / 403 / 405 made mandatory

Gujarat VAT Rules stipulate that every inter-state movement of goods must be accompanied by Form 402 (goods going out of the state), Form 403 (goods coming into the state) and Form 405 (goods transiting the state). Last year, the Gujarat VAT Department made it mandatory for certain categories of Dealers to electronically generate Forms 402/403/405 […]

Electronically generated Forms 402/403/405 for movement of goods under Gujarat VAT Rules

[By Shaleen Shah (Partner), VNCA] You are aware that any movement of goods going outside the state, or goods entering the state, or movement of goods within the state must be accompanied by documents prescribed under the Gujarat Value Added Tax Rules, 2006 (GVAT Rules). Alongwith Invoice, Stock Transfer Note, Delivery Challan, Consignment Note, etc., […]

Due Dates for filing Gujarat VAT & CST Returns

[By Shaleen Shah (Partner), VNCA] We had informed you regarding Amendment in Gujarat VAT Rules for filing of Returns. In a subsequent Circular No.156/135 the State Government has stated that the relief of additional time given for filing E-Returns vide Circular No.105/92 dtd.23-Dec-2010 shall continue even after the aforesaid Amendment in the Rules. In view […]

Gujarat VAT Amnesty Scheme for builders & developers

[By Shaleen Shah (Partner), VNCA] This article was published in the Gujarati Newspaper, `Jaihind Daily’ on 6-Nov-2014 The States derive the power to levy salestax or VAT on indivisible works contract through Article 366(29A)(b) added by the 46th Amendment to the Constitution to cover ‘transfer of property in goods (whether as goods or in some […]

Amendment in Gujarat VAT Rules for filing of Returns & VAT Audit Report

[By Shaleen Shah (Partner), VNCA] The Gujarat State Government has recently issued a Notification dtd. 15-Oct-2014 making significant amendments to the Gujarat Value Added Tax Rules, 2006 with effect from the date of the Notification. The gist of the amendments is as under. PROVISIONS RELATING TO FILING OF MONTHLY / QUARTERLY RETURNS (AS AMENDED) E-Filing […]