Supreme Court has delivered a landmark verdict in the matter of STATE OF PUNJAB & ORS. v. NOKIA INDIA PVT. LTD. (CIVIL APPEAL NOS. 11486–11487 OF 2014) & pronounced that the mobile/cell phone charger is an accessory to cell phone…
Category: WB VAT
States to get Rs 11,000 crore for cut in CST to bridge trust deficit
Finance minister Arun Jaitley has announced the release of Rs 11,000 crore to states as compensation for the reduction in central sales tax to bridge the “trust deficit” between the Centre and the states and get them to support the proposed goods and services tax (GST).…
VAT Implication on E‑Commerce Firms
E‑commerce firms are coming in for a closer look by sales tax authorities. The ‘marketplace’ argument used by these entities to sidestep foreign direct investment norms may not pass muster with tax authorities keen to protect their value-added tax (VAT)…
Mandatory payment of Sales Taxes, Value Added Tax, Profession Tax and State Excise through GRIPS from 1st Oct’ 2014
The State Government introduced on-line receipt of Tax and Non-Tax revenue through GRIPS Portal in November 2012 vide Notification No. 8298‑F(Y) dated 03.10.2012. The modes of payment available to the Tax-payers in GRIPS Portal through the Payment Gateway of the…
Changes made in W.B.V.A.T.Act,2003 and in W.B.V.A.T.Rules,2005
Trade_Circular_16_2014 Every year after publication of the West Bengal Finance Act and of corresponding notifications by government effecting the procedural matters connected with the changes made in that Finance Act, it becomes necessary for issue of Trade Circular specifying the important…