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Compounding tax Section 8 (f)(i) of the Kerala Value

2014-3-4  Compounding tax Section 8 (f)(i) of the Kerala Value Added Tax Act and Rules once the dealer had opted out and paid tax under the Scheme of compounding can

Kerala Value Added Tax Act, 2003 Latest Laws

- (1) This Act may be called the Kerala Value Added Tax Act, 2003. (2) It extends to the whole of the State of Kerala. (3) It shall come into force on such date as the Government may, by notification in the Gazette, appoint. Definitions.- In this Act, unless the context otherwise requires, -

Compounding Option Kerala VAT, Value Added Tax

2016-4-4  One of the Assessee is registered Kerala VAT and manufacturer of Ayurvedic Medicines as per the Drug License and also they have choose an option to pay Tax on MRP under section 8 for preceding year and issue invoice in the form 8H .Now assessee is decided that not opting compounding payment this year,is this right? is any problem to assessee from VAT

Kerala HC allows department to cancel compounding

2018-5-23  Regular assessment under Section 25 of the Kerala Value Added Tax Act, 2003 [for brevity, the KVAT Act] was completed for the four quarters deviating from the compounding scheme. The assessment order for 2015-2016 is Ext.P16 and that for the first three quarters of 2016-2017 are seen from Exhibits P17, P18 and P19 produced in W.P.(C)No. 12649 of 2017.

Analysis on Compounding of offence with case study

2013-7-6  In the said decision the Division bench of the Hon court held that the department can collect Rs 2 lakh each from an assessee in respect of the offence of failure to keep true and complete accounts at head office and branch separately under the Kerala Value Added Tax

VAT 2014 Kerala GST State Goods and Services Tax

floor value of marbles & granites for the purpose of calculation of advance tax with effect from 25-feb-2014: 7/2014: fresh option is to be filed for compounding u/s 8(f) before 31st march 2014 to avail the benefits as per kerala finance bill, 2014: 08/2014: use of manual form no.15 delivery note is permitted only for rubber and cement w.e.f 24/04/2014

A brief on VAT (Value Added Tax) Kar

2010-8-6  VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added

DEPARTMENT OF COMMERCIAL TAXES, KERALA

2017-10-24  compounding U/s 8 of the Act is liable to pay compounded tax on pure labour contract. 2. The applicant was heard in the matter and the contentions raised were examined. 3. The Commissioner of Commercial Taxes, Kerala vide Order No. C3/3551/2008/CT dated 24.11.2008 has held that what is assessable in works

V.V.Sasi vs The Commercial Tax Officer-Iii on 5

1. Challenge in this writ petition is against Ext.P6 notice issued under Section 66(3) of the Kerala Value Added Tax Act, 2003 (KVAT Act). Through the said notice, the 1st respondent had intimated the petitioner about proposal to revise Ext.P5 permission already granted under Section 8(b) read with Rule 11 (2)(i) of the KVAT Act and Rules.

MODEL STATUTE FOR VALUE ADDED SALES TAX NIPFP

2014-11-1  Calculation of value-added can be done by summation of all the elements of value-added (i.e. wages, profits, rent and interest). This method is known as addition or income method. The subtraction method estimates value-added by taking the difference between the value of outputs and inputs. Finally, under the tax credit

KERALA VALUE ADDED TAX ACT,2003 Rushabh

2008-2-8  KERALA VALUE ADDED TAX ACT,2003 . An Act to consolidate and amend the law relating to the levy of tax on the sale or purchase of goods based on the concept of Value Added Tax in the State of Kerala. also be reckoned for the purpose of computation of the quantum of compounded tax and the rate applicable for primary crusher shall be fifty per

THE KERALA VALUE ADDED TAX ACT, 2003

WHEREAS it is expedient to consolidate and amend the law relating to the levy of tax on the sale or purchase of goods based on the concept of value added tax in the State of Kerala: Be it enacted in the Fifty-fourth Year of the Republic of India as follows:-CHAPTER I PRELIMINAY. 1 . Short title, extent and commencement. (1) This Act may

Circular VAT Kerala GST State Goods and Services

2017-10-11  kerala value added tax act issue of registration certificates and collection of complete data required in application for registration in forms 1 & 1a: 11/07: metal crushing units producing granite metals- payment of tax under compounding system under kvat

Kerala Value Added Tax Act, 2003 Bare Acts Live

2020-3-5  Kerala Value Added Tax Act, 2003. Kerala Value Added Tax Act, 2003. 1. Short title, extent and commencement. 2. Definitions. 3. Commercial Tax Authorities. 4. Appellate Tribunal. 5. Settlement Commission. 6. Levy of tax on sale or purchase of goods. 7. Trade discount etc. deemed to be sale in certain cases. 8. Payment of tax at compounded rates

A brief on VAT (Value Added Tax) Kar

2010-8-6  VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added

Proposals for Additional Resource Kerala Assembly

2016-1-5  exempted from tax. • Security cess of 6% imposed on foreign liquor increased to 10%. • Tax on crusher metal stands at 13.5% and tax on compounding revised based on jaw size. CONCESSIONS • Tamarind seed powder exempted from tax (currently 4%) • Tax on value added ethnic foods of Kerala such as banana chips, tapioca chips, jackfruit

Important Notifications & Orders: December 28 A2Z

2018-11-1  The Kerala Government vide Order No.C3/18380/15/CT dated November 3, 2016 has in light of the Order No. C3/44783/09/CT dated May 10, 2011 and C3/13096/11 dated October 22, 2011, clarified that rate of compounded tax payable for a metal crusher with jaw size 30” x 4” is Rs. 3.20 lakhs from 2014-15 onwards.

M/S.Baniyas Granite Industries vs Agricultural Income

The issues involved in these three writ petitions being similar, they are taken up together for consideration and disposed by this common judgment. The petitioners in the writ petitions, who are conducting business in Granite Metals, are assessees under the Kerala Value Added Tax Act (hereinafter referred to as "the KVAT Act").

KVAT Invoice Value Added Tax

2014-8-7  4. Simple and transparent procedures. KVATIS (Kerala Value Added Tax Information System) is the application software developed and deployed by the department to facilitate tax administration which can be accessed by the public through the gateway keralataxes.gov.in. KVATIS intranet application was developed and deployed during 2007.

VAT and Sales Tax High Court Case Laws

Classification Levy of tax on turnover of bitumen emulsion Levy of penalty when there was confusion about its taxability Held that:- The Supreme Court in the case of Commissioner of Sales Tax, U.P. -vs- Lal Kunwa Stone Crusher (P) Ltd. reported in [2000 (3) TMI 58 SUPREME COURT OF INDIA] and Divisional Deputy Commissioner of Sales Tax -vs- Bherhaghat Mineral Industries reported in

KERALA VALUE ADDED TAX ACT,2003 Rushabh

2008-2-8  KERALA VALUE ADDED TAX ACT,2003 . An Act to consolidate and amend the law relating to the levy of tax on the sale or purchase of goods based on the concept of Value Added Tax in the State of Kerala. also be reckoned for the purpose of computation of the quantum of compounded tax and the rate applicable for primary crusher shall be fifty per

Proposals for Additional Resource Kerala Assembly

2016-1-5  exempted from tax. • Security cess of 6% imposed on foreign liquor increased to 10%. • Tax on crusher metal stands at 13.5% and tax on compounding revised based on jaw size. CONCESSIONS • Tamarind seed powder exempted from tax (currently 4%) • Tax on value added ethnic foods of Kerala such as banana chips, tapioca chips, jackfruit

Important Notifications & Orders: December 28 A2Z

2018-11-1  The Kerala Government vide Order No.C3/18380/15/CT dated November 3, 2016 has in light of the Order No. C3/44783/09/CT dated May 10, 2011 and C3/13096/11 dated October 22, 2011, clarified that rate of compounded tax payable for a metal crusher with jaw size 30” x 4” is Rs. 3.20 lakhs from 2014-15 onwards.

VAT and Sales Tax High Court Case Laws

Classification Levy of tax on turnover of bitumen emulsion Levy of penalty when there was confusion about its taxability Held that:- The Supreme Court in the case of Commissioner of Sales Tax, U.P. -vs- Lal Kunwa Stone Crusher (P) Ltd. reported in [2000 (3) TMI 58 SUPREME COURT OF INDIA] and Divisional Deputy Commissioner of Sales Tax -vs- Bherhaghat Mineral Industries reported in

:: FINANCE DEPARTMENT :: GOVERNMENT OF KERALA

Sir, 1) I am presenting the Budget for the Financial Year 2020-21 before this August House against the backdrop of the unusual challenges being faced by our nation. Before entering into the Budget proposals we have to perceive the gravity of the situation. I. PREFACE ^^ CONTENTS . Menace of Communalism. 2) Democracy and dictatorship are standing face to face in India.

Jharkhand Value Added Tax Rules, 2006 Bare Acts

2020-3-5  Jharkhand Value Added Tax Rules, 2006. Published vide Notification S.O. No. 219, date 31.03.2006. jhr282

Budget Speech 2013-14 (English) KERALA GST NEWS

2013-4-4  The Budget allocation –. GSDP ratio in 2011-12 and 2012-13 were 16.2 percent and 16.4. percent respectively and it has increased to 16.7 percent for. 2013-14. 12. I have a clear vision of the developed Kerala of the coming decade. The schemes presented in the

Supreme Court Rulings Indirect Tax

2021-5-15  Supreme Court Rulings SC hears SLP challenging prospective effect given to amended Jharkhand VAT provisions w.r.t. ITC forfeiture SC issues notice in SLP filed by Revenue against Jharkhand HC’s order which held that provisions which introduced the machinery provision for forfeiture of Input Tax Credit (ITC) shall have pros...View More SC: Beneficial provision given “full effect to

CA Final Indirect Tax Laws Value Added Tax Excise

2017-9-7  Section B: Service tax & VAT (40 marks) Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time and the related Rules, Circulars and Notifications. Issues related to Value Added Tax: 1. Backdrop for State-Level VAT in India 2. Taxonomy of VAT 3. Input tax credit, tax invoices 4.

Rajasthan Minor Mineral Concession Rules, 2017

Rajasthan Minor Mineral Concession Rules, 2017 1. Short title extent and commencement. 2. Definitions. 3. Repeal and savings. 4. Rights of a holder of a prospecting licence to obtain a mining lease.