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

2. VAT/ CST Newsletter Mar 2015
sddsdsd

3. 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 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

4. 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/
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
Date of filing of reconciliation return for the year upto 30th June 2015

5. 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 by six months. All assessments for the year 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%

6. 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

7. 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
22.
Madhya Pradesh Value Added Tax Act
Draft Notification
1st April, 2015
Schedule I & II - Change In rate of Tax w.e.f (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

8. 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.

9. 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, Amendment in Rule 8, 9 & 19
34.
Notification No G O Ms No 68
Puducherry Value Added Tax (Amendment) Act, 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

10. 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 upto 30th April, 2015
42.
West Bengal
West Bengal Sales Tax Act 1994
Notification No F B
11Th Jan 2015
Amendment in Department Notification No. 908-F.T. dated 13/04/ 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 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
---

11. EXCELLENCE IN WORK THROUGH EMPOWERMENT, EXUBERANCE
OUR MISSION
EXCELLENCE IN WORK THROUGH
EMPOWERMENT, EXUBERANCE
AND TEAMWORK.