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VAT/ CST Newsletter Mar 2015 sddsdsd

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 1. Andhra Pradesh AP Value Added Tax Act, 2005 Notification G O 100 24th March, 2015 Refund the Tax paid on purchase of all components used in the construction and erection of Water Treatment Plants under the Scheme “NTR Sujala Pathakam” is limited to 5% irrespective of the tax paid  2. G.O.Ms. No 78 04th March, 2015 Rescinds the notification issued in G.O.Ms.No.2328, Revenue Department, Dt.13-12-1957 with immediate effect where tax on textiles, Sugar , Tabacco products was exempt 3. Circular 12th March,2015 Regarding cancellation of e-Way Bills, Dealers have to contact office of AC (LTU)/CTO within 72 hours from the time of cancellation. The officer shall verify the genuineness of the cancellation by verifying whether the said way bill was utilized in the state 4. 17th March, 2015 APVAT Act, 2005 –Section 4(7)(d) and Rule 17(4)-Builders of Residential Apartments, houses, buildings, Commercial Complexes- Maximum Tax potential to be realized- Street Survey in April2015- Unregistered Builders to be Registered as dealers to be covered under composition tax- Certain instructions issued

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 5. Andhra Pradesh AP Value Added Tax Act, 2005 Circular 18th March, 2015 APVAT Act & CST Act – Transporter registration and declarations to be filed at Border Check posts-eWay bills for Interstate movement-Certain clarifications  6. Andhra Pradesh Value Added Tax Act, 2005 20th March, 2015 VAT Returns -Input Tax Credit eligible to claim in the Returns-Sub-Rules 4 to 12 of Rule 20- March Returns to be filed along with VAT 200B or 200F  7. Section 47 - State to state movement and Transit Pass system -Not surrendering Transit Passes at Exit CPs within Five days from the date of Entry- Blocking of Vehicles 8. Daman & Diu   Designate Indian Overseas Bank as authorized bank for payments of taxes --- 9. Delhi Delhi Value Added Tax Act, 2004 Notification No.F.3(352)Policy/VAT/2013/936-947 1st April, 2015 Form DP-1 shall be submitted online by all the dealers latest by 30/06/2015 10. Central Sales Tax Act, 1956 Circular No. 30 of 2014-15 Date of filing of reconciliation return for the year 2013-14 upto 30th June 2015

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 11. Goa Goa Value Added Value Tax Act, 2005 Notification CCT/12-2/14-15/4797 1st April, 2015 Extension in the period of assessment for the financial year 2011-12 by six months. All assessments for the year 2011-12 shall accordingly be completed on or before 30th September, 2015. 12. Notification 4/5/2005-Fin(R&C)(117) 27th March, 2015 Amendment in Schedule C - Regarding Motor Spirit - Sold by public sector as well as private sector oil marketing companies to their authorized retail outlets within the State 13. Central Sales Tax Act, 1956 Notification 4/5/2005-Fin(R&C)(118) Rescinds Notification No. 4/5/2005-Fin(R&C) (45) - Regarding sale inter-State trade or commerce of Information Technology Products - Tax payable by dealer 14. Notification 4/5/2005-Fin(R&C)(119) Amendment in Goa VAT Schedules 'B', 'C', 'D' and 'E' 15. Notification 4/5/2005-Fin(R&C)(120) Amendment in Goa VAT Schedules B - Regarding Cellular phones & CDMA phones 16. Haryana Commercial Tax Dept. Notification No S. O. 21 09th March, 2015 Increase in surcharge on Motor Spirit, High Speed Diesel Oil from 10% to 20%

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 17. Haryana Excise & Taxation Dept. Public Notic   Public Notice regarding furnishing of details by dealers 18. Himachal Pradesh Himachal Pradesh Value Added Tax Act, 2005 Notification No. EXN-F(10)-23/2014 09th March, 2015 Draft amendments in SCHEDULE 'A' and SCHEDULE 'D' - Regarding Motor Spirit & ATF 19. Himachal Pradesh Tax on Entry of Goods into Local Area Act,2010 Notification No. EXN-F(10)-28/2014 19th March, 2015 Amendment in Schedule II - Entry No 1 appended 20. Karnataka The Karnataka Value Added Tax Act, 2003 Notification No. KLA/LGA/61/LA Bill/2014 12th Dec, 2014 Amendment In section 21 - after section 21 the word inserted namely, Provided that reimbursement of Tax collected under this Act shall also be available in respect of personal purchases made by the Diplomats and Consulate officers of the Embassies and Consulates of the countries which are notified subject to such conditions as may be specified therein by the State Government based on reciprocal agreements entered into by the Central Government with such countries

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 21. Madhya Pradesh Central Sales Tax Act, 1956 Notification 30th March, 2015 Exemption of various concessions upto 31.03.2016 22. Madhya Pradesh Value Added Tax Act Draft Notification 1st April, 2015 Schedule I & II - Change In rate of Tax w.e.f 01.04.2015 (In Hindi ) --- 23. Maharashtra Maharashtra Value Added Sales Tax Act, 2002 Notification No. VAT. 1515/CR-39(1)/Taxation-1 Amendment In Schedule A & C- 24. Notification No. VAT 1515/CR 39(2)/ Taxation-1 Maharashtra MVAT Schedule C- Notifies types of Papers for the purpose of schedule entry 25. MVAT Act, CST Act & The Maharashtra State Tax on Professions, Trades, Callings and Employments Acts Trade Circlar 4T of 2015 09th March, 2015 Combined Application for New Registration under the MVAT Act, CST Act & The Maharashtra State Tax on Professions, Trades, Callings and Employments Acts 26. Meghalaya Meghalaya Value Added Tax Act, 2003 18th March, 2015 Amendment in Schedule I & V: Regarding Tobacco products 27. 16th March, 2015 Exemption from VAT on materials for construction of rural toilets under Swachh Bharat and water purification plants and solar panels

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 28. Nagaland Govt. Nagaland Finance Dept. Notification 27th March, 2015 Enhancement in rate of tax on Diesel & Petrol 29. Punjab Punjab Value Added Tax Act, 2005 Notification No. S.O. 9/P.A.8/2005/S.8/2015 11th March, 2015 Amendments of Schedules 'B' and 'E' - Amendment in rate of tax on Natural Gas, ATF, Iron & Steel & PVC 30. Notification No. S.O. 10/P.A.8/2005/S.6/2015 Rate of Advance tax on Iron & Steel 31. Notification NoG.S.R. 4/P.A.8/2005/S.70/Amd.(54)/2015 Increase in number of stages of taxable person upto three in case of Iron & Steel 32. Notification No. S.O.8/P.A.8/2005/S.8/2015.- 26th Feb, 2015 Amendment in PVAT Schedule A- The serial No 21 and relating entries shall be omitted, serial No 34 for the words and signs “Meat, fish, prawn”, the words and signs “Fresh vegetables, fruits, meat (i.e. raw meat, chicken or fish), whether cured or frozen or preserved or not, till their nature or function is not changed by these processes,” shall be substituted & also Serial No 87 also amemded.

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 33. Puudducherry Puducherry Value Added Tax Rules, 2007 Notification No G O Ms No 60 1st April, 2015 Puducherry Value Added Tax (Amendment) Rules, 2015 - Amendment in Rule 8, 9 & 19 34. Notification No G O Ms No 68 Puducherry Value Added Tax (Amendment) Act, 2015 - Amendment in Section 2, 8, 15, 54 and First Schedule - Regarding ATF 35. Rajasthan Rajasthan Value Added Tax Rules, 2006 Dealer Circular No 22 10th March, 2015 Application for issuance of Awarder Identification Certificate (AIC) 36. Govt. of Rajasthan Commercial Tax Dept. Dealer Circular No 23 Regarding levy of electricity duty on consumption of self-generated energy by captive power generating plants other than DG sets. 37. Circular No 22 & 24 23rd March, 2015 Facility to create sub-user for issuance of Declaration Forms for Import/Export of Notified Goods. 38. Tripura Tripura Value Added Tax Act, 2004 Notification No.F.I-11(62)-TAX/VAT/2014 04th March, 2015 Amendment in Schedule II – With respect to Medicine & Drugs 39. Notification NO.F.I-11(62)-TAX/VAT/2014 24th March, 2015 Amendment in TVAT Schedule II – With respect to 'Medicine and drugs' 40. Uttar Pradesh Uttar Pradesh Value Added Tax Act, 2008 Notification 12th March,2015 Amendment in Schedule-IV – With respect to tax rates of Diesel oil & Furnace oil

UPDATE ON VAT/CST LEGISLATION –March 2015 Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract 41. Uttar Pradesh Uttar Pradesh Value Added Tax Act, 2008 Notification 30th March, 2015 Extension in time limit for completion of assessment or re-assessment in respect of cases of the assessment year 2011-12 upto 30th April, 2015 42. West Bengal West Bengal Sales Tax Act 1994 Notification No 1275- F B 11Th Jan 2015 Amendment in Department Notification No. 908-F.T. dated 13/04/2005 - Regarding Motor Spirit 43. Telangana Govt. of Telangana Industries & Commerce Dept. Order - G O Ms No 22 27th March, 2015 Purchase Tax on sugar cane - Purchase Tax payable to the Government by the sugarfactories and by the Khandasari units for 2014-2015 season – Passing on the PurchaseTax to the Cane suppliers, as incentive 44.   Service Tax Extension of e-payment deadline and of banking hours on 31st March, 2015 ---

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