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1 SPEARHEAD Trusted Business Partner Helping Clients across the globe focus on core business by simplified, secured & innovative Business Practices.

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Presentation on theme: "1 SPEARHEAD Trusted Business Partner Helping Clients across the globe focus on core business by simplified, secured & innovative Business Practices."— Presentation transcript:

1 1 SPEARHEAD Trusted Business Partner Helping Clients across the globe focus on core business by simplified, secured & innovative Business Practices

2 VAT/ CST Newsletter Feb

3 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 1. Andhra Pradesh Andhra Pradesh Value Added Tax Act, 2005 Notification No G.O.Ms.No.27 05th Feb, 2015 Amendments to the Schedule-VI – Additional Rs.4 per liter to the existing rate of tax on Petrol and all kinds of Diesel Oils. 2. Andhra Pradesh Andhra Pradesh Value Added Tax Act, 2005 Notification No. G.O.MS.No rd Feb, 2015 Amendment to Schedule VI- In schedule against Item No. (4),in column (2), Aviation Turbine Fuel substituted with words " Aviation Turbine Fuel and AVGAS 100-LL" 3. Andhra Pradesh Andhra Pradesh Value Added Tax Act, 2005 Notification No. G.O.MS.No rd Feb, 2015 Amendment to Rule 26 - after sub-rule (2)- sales of acids like acetic acid, phosphoric acid, hydrofluoric acid, perchloric acid, formic acid, oxalic acid, perchloride of mercury (corrosive sublimate), sulphuric acid, hydrochloric acid, hydrocyanic acid, nitric acid, potassium hydroxide and sodium hydroxide etc., or by whatever name, they are called, every registered dealer (including retail dealer) shall necessarily issue invoice/bill, duly recording details like Name of the Purchaser/Buyer, Aadhar card details with address, Purpose of Purchase, Date of sale, Qty, & Value and mobile number of Purchaser / Buyer 3 UPDATE ON VAT/CST LEGISLATION –February 2015

4 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 4. Andhra Pradesh Andhra Pradesh Value Added Tax Act, 2005 Circular 16th Feb, 2015 Audits and Assessments - Procedures to be followed under Rule 59 of APVAT Rules CTO’s, DC’s and AC’s to identify cases by 28 th of every month which would be considered for audit in the succeeding month. CTO to identify 3 cases per month and 4 cases for allocation to DCTO with due authorization of DC 5. Assam Assam Value Added Tax Act, 2003 Notification 06th Feb, 2015 Amendment to Section 75 new subsection (3A) - The owner of any goods or the transporter of such goods or the person in-charge of the goods vehicle carrying such goods shall also furnish relevant information in the electronic format online as may be prescribed Amendment to Section 77 - new clause (aa) - obtain or cause to be obtained delivery thereof unless he files details of vehicle, consignment and statutory form online in advance before the goods carrying vehicle reaches delivery point 6. Chhattisgarh Chhattisgarh Value Added Tax Act, 2005 Notification No. F-10- 3/2015/CT/V (04) 31st Jan, 2015 Extension of time limit of Third Quarterly return of up to 28-Feb-2015 provided the dealer deposits tax amount of the third quarter for the financial year within 30 days of the quarter end 7. Delhi Delhi Value Added Tax Act, 2004 Circular No 23 of nd Feb, 2015 Extension of last date of filing of online/hard copy of third quarter return for the year , in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure/enclosures to 02/02/ UPDATE ON VAT/CST LEGISLATION –February 2015

5 Serial No. StateLegislationParticularsEffective DateHighlight / Summary Extract 8. Delhi Delhi Value Added Tax Act, 2004 CIRCULAR No. 25 of th Feb, 2015 Extension of last date of filing of online/hard copy of third quarter return for the year , in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexures/enclosures to 15/02/ Delhi Delhi Value Added Tax Act, 2004 CIRCULAR No. 26 of th Feb, 2015 Modification to circular No 21 - extension of last date of filing of online return in Form 9 for the year to 31/03/ Goa Goa value added Tax Act, 2005 Notification CCT/12-28/14- 15/ th Feb, 2015 Exemption Notification - Industrial Input for Ultratech Automotive Pvt Ltd 11. Goa Goa value added Tax Act, 2005 Trade Circular1st Feb, 2015 Clarification regarding e-challan and payment – Dealers required to make online payment through internet banking, debit card /credit card etc. will have to generate first e-challan and then make the payment. Pre- printed challan currently used will be discontinued wef 01/02/ Gujarat Gujarat Value Added Tax Act, 2003 Order15th Feb, 2015 Modification in implementation of revised e-Permit order 5 UPDATE ON VAT/CST LEGISLATION –February 2015

6 Serial No. StateLegislationParticularsEffective DateHighlight / Summary Extract 13. Haryana Haryana Value Added Tax Act, 2003 Notification No. 1/ST-1/H.A. 6/2003/S.59/ th Feb, 2015 Amendment in HVAT Schedule "A " & "D" - Revision in rate of tax on Petrol and Aviation Turbine Fuel to 25% and 20% respectively 14. Himachal Pradesh Himachal Pradesh Value Added Tax Rules, 2005 Notification No EXN -F(10)- 7/2011-Vol.I 01th Jan, 2015 Amendment to Rule 7 - Every registered dealer shall furnish a return in From I & return shall be accompanied with the treasury/bank receipt in token of the tax due having been paid. 15. Himachal Pradesh Himachal Pradesh Value Added Tax Rules, 2005 Notification01st April, Amendment in Rule 40 - Furnishing quarterly self-assessed return in Form VAT-XV. 16. Himachal Pradesh Himachal Pradesh Value Added Tax Rules, 2005 VAT Amendment22nd Jan, 2015 Amendment in Section 16- filing of revised return, their timelines and penalty for non-compliance 17. Himachal Pradesh Himachal Pradesh Value Added Tax Rules, 2005 Notification No. EXN -F(10)-1/94-II 21st Feb, 2015 Closure of Multipurpose barrier at Rajban in Sirmour District 18. Jharkhand Jharkhand Value Added Tax Act, 2005 Notification No. S.O th Feb, 2015 Amendment in Schedule II part E of the Act - Increase in rate of tax on Petrol & Diesel to 22% 6 UPDATE ON VAT/CST LEGISLATION –February 2015

7 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 19. Jharkhand Jharkhand Value Added Tax Act, 2005 Notification No. S.O th Feb, 2015 In the SL. No. 16 of the Schedule II Part C Note Inserted as For the sale of subsidized LPG under the Direct Benefit Transfer Scheme of the Central Government, by Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited and their agencies, tax shall be levied and collected only on that part of the sale price for which tax is levied for subsidized domestic LPG,which does not come under the Direct Benefit Transfer Scheme 20. Kerala Kerala General Sales Tax Act, 1963 S.R.O. No. 319/2005 3rd Jan, 2015 Revision in rate of tax on Petrol & Diesel 21. Kerala Kerala General Sales Tax Act, 1963 Notification G.O.(P) No.28/2015/TD 20th Feb, 2015 Revision in rate of tax on Diesel and Petrol 22. Odhisha Odhisha Value Added Tax Act, 2004 Notification No. III (III) 14/2012/2250/CT 1stApril, 2015 the dealers whose gross turn over exceeds Rupees One Crore in respect of any particular year shall get his accounts audited in respect of that year 23. Punjab Punjab Value Added Tax Rules 2005 Order 2nd Feb, 2015 List of specified goods exempt under the Act. 24. Rajasthan Rajasthan Value Added Tax Act, 2003 Notification 05th Feb, 2015 Amendment to Schedule II- Entry No 66 added namely M/s. Eicher Polaris Private Limited. 7 UPDATE ON VAT/CST LEGISLATION –February 2015

8 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 25. Rajasthan Rajasthan Value Added Tax Act, 2003 Notification No. F.12(89)FD/ Tax/ th Feb, 2015 exempts from tax to the extent the rate of tax exceeds 5% on the sale of goods made by a registered dealer of the State to M/s. Eicher Polaris Private Limited for being used exclusively in the manufacturing of personal four wheeler vehicles and components thereof within the State by it, subject to condition that such selling dealer obtains from M/s. Eicher Polaris Private Limited a declaration 26. Rajasthan Rajasthan Value Added Tax Act, 2003 Notification No. F.12(89)FD/Tax/ th Feb, 2015 sale of personal four wheelers vehicles manufactured by M/s. Eicher Polaris Private Limited, from his place of business in the State, in the course of inter-State trade or commerce shall be calculated at the rate of 0.05% on furnishing of duly filled in declaration in Form C, received from the purchasing dealer, to his assessing authority 27. Rajasthan Rajasthan Value Added Tax Act, 2003 Notification No [F.12(101)FD/Tax/ ] 24th Feb, 2015 Tax Deducted at Source on Works Contract - an amount equal to 3% of such sum, if payment is made to a dealer registered under the Act and an amount equal to 4% of such sum, if payment is made to any person other than a dealer registered under the Act, as the case may be:" 8 UPDATE ON VAT/CST LEGISLATION –February 2015

9 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 28. Rajasthan Govt. of Rajasthan Commercial Tax Department 24th Feb, 2015 Clarification for Amnesty Scheme Rajasthan Rajasthan Value Added Tax Act, 2003 Dealer Circular th Feb, 2015 Detailed procedure for closure of business including the application for Closure of Business in Form VAT- 06A. Once the interim acknowledgment is generated the dealer shall be able to file quarterly return and annual return for current period up to the date of closure, even if the quarter/ financial year has not ended yet 30. Rajasthan Govt. of Rajasthan Commercial Tax Department Dealer Circular th Feb, 2015 Amnesty Scheme has been notified by the State government for waiver of interest and penalty – Dealers who opt for this scheme can use the web portal under e-services for Electronic Generation of application Form AS-I 31. Sikkim Sikkim Sales Tax Act, 1983 Notification No.Gos/CTD/ 06-07/12- A2(79)/115 01st March, 2015 Amendment to Schedule VI-Change of rate of Tax/VAT on Petrol by 25 paise per Rupee and on High Speed Diesel Oil by 15 paise per Rupee 32. Tamil Nadu Tamil Nadu Value Added Tax Act, 2006 Notification No G.O.Ms. No rd Feb, 2015 An exemption in respect of tax payable under the said Act on the sale of goods produced during the course of training conducted by Tvl. Kshema Rehabilitation Training Centre, Chettupattu, Thiruvannamalai District, subject to the condition that no Input Tax Credit shall be allowed on the tax paid by them on their purchases. The exemption is with effect from 1st April 2009 and up to and inclusive of the 31st March UPDATE ON VAT/CST LEGISLATION –February 2015

10 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 33. Tamil Nadu Tamil Nadu Value Added Tax Act, 2006 Notification No G.O.Ms. No rd Feb, 2015 An exemption in respect of the tax payable under the said Act by the oil companies specified in Explanation III of the Second Schedule to the said Act on the sale of Naphtha to Thiruvalargal Madras Fertilizers Limited, Manali, a Central Public Sector undertaking, and Thiruvalargal Southern Petro Chemical Industries Corporation, Tuticorin, for production of Urea, subject to the condition that the said oil companies shall furnish a declaration duly filled in and signed by the purchasers, namely, Thiruvalargal Madras Fertilizers Limited, Manali or Thiruvalargal Southern Petro Chemical Industries Corporation, Tuticorin, as the case may be, in the format annexed herewith, along with the monthly return, to the assessing officers concerned. 34. Tamilnadu Govt. of Tamilnadu Commercial Taxes Dept. Public Notice 1st March,20 15 e-transit pass : - No manual transit passes shall be issued in any check post with effect from Dealers and Transporters to instruct consignors and transporters to generate online transit passes using the facility at CTD website 35. Telangana Govt. of Telangana Revenue(CT.II-1) Department. Order 05th Feb, 2015 Amendment to Schedule VI-Change of rate of Tax/VAT on Petrol from 31% to 35.2% and on Diesel Oil including all kinds of oil from 22.5% to 27% 10 UPDATE ON VAT/CST LEGISLATION –February 2015

11 Serial No. StateLegislationParticulars Effective Date Highlight / Summary Extract 36. Uttar Pradesh Uttar Pradesh Value Added Tax Act, 2008 Notification No.- KA.NI /XI- 9(27)/2014- U.P.Act Order- (128) th Feb, 2015 Amendment Part-A of Schedule-II – Serial number 123 shall be substituted by the name and description of goods as 'Tools including aari and Kanni' 37. Uttar Pradesh Uttar Pradesh Value Added Tax Act, 2008 Notification No.- KA.NI /XI- 9(223)/2012- U.P.Act Order- (129) th Feb, 2015 Amendment in Schedule-I – to include the following name and description of goods -Charkha, Amber Charkha, Handlooms (including pitlooms, frame looms, light shuttle looms, and paddle looms); implements used in the production of khadi/khaddar, handloom fabrics and parts thereof; Khadi fabrics of all kinds, Gandhi Topi, Khadi Garments and Khadi made-ups including unfilled Rajai, unfilled Gaddey, unfilled Gaddi, unfilled pillow; Cotton filled Gaddey, Quilt, Masnad and pillow made of Khadi. 11 UPDATE ON VAT/CST LEGISLATION –February 2015

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