Category Archives: VAT

Delhi VAT Circular No. 9 Central Sales Tax Act 1956 – Framing of assessments

VAT, Indirect Tax, VAT – Delhi Delhi VAT Circular No. 9 dated 9 June 2011 [No. F.6(85)-Policy-VAT-2011-147-154] 09 Jun 2011 Central Sales Tax Act 1956 – Framing of assessments Section 9(2) of CST Act, 1956 empowers the assessing authorities to … Continue reading

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HIGHLIGHTS OF UNION BUDGET – 2011-12

The basic exemption limit in the case of individuals increased from Rs.1.60 lacs to Rs.1.80 lacs. However, there is no increase in basic exemption limit in the case of Resident Women who is below 60 years at any time during … Continue reading

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Announcement of New USA Branch of MRC

We are delighted to inform you that Mukesh Raj & Co. (MRC) has inagurated its first foreign branch office at New Jersey, United States Of America. The new foreign office address is: MRC (Chartered Accountants) 85, Forest Drive, Apartment C … Continue reading

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Delhi VAT Budget 2010 Proposals

Ca. Vinay Bhushan VAT rates of various commodities in Delhi, which are less than the rates suggested by the Empowered Committee of State Finance Ministers, are termed as deviations. A number of deviations have been done in the past. On … Continue reading

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Budget-2010-Indirect Tax Proposals

Indirect Taxes Custom & Excise. The standard rate on all non-petroleum products enhanced from 8 per cent to 10 per cent ad valorem. The specific rates of duty applicable to portland cement and cement clinker also adjusted upwards proportionately. Similarly, … Continue reading

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Tax Treatment of Goods sent to other States ubder Maharastra VAT

TRADE CIRCULAR No.VAT/MMB/1008/ 15/Adm-6/ B Trade Cir.No.-2T of 2010, Date: 11/01/2010 Sub: Tax Treatment of Goods sent to other States. This office had issued above referred Trade Circulars explaining scope of section 6A of CST Act, 1956. In the Trade … Continue reading

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VAT Rate 4 % to 5% in Delhi w.e.f. 13-01-2010

THE DELHI VALUE ADDED TAX (AMENDMENT) ACT,2009 (DELHI ACT 01 OF 2010) (As passed by the Legislative Assembly of the National Capital Territory of Delhi on the 16th December,2009) (Date of Approval -1st January, 2010) Published in Notification Dated 6-1-2010 … Continue reading

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Indian Goods & Service Tax: Proactive actions for Indian Inc.

By CA. Vinay Bhushan “Proactive action is always the best approach to deal with challenging matters before they get out of hand” Is Indian Inc. really ready to adopt Goods and Service Tax (‘GST”)? The answer of this question is … Continue reading

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Delhi Shops & Establishments Registration

Now you can register your business in Delhi under Delhi Shop & Establishment Act 1954. Lt. Governor has  made it compulsory for all commercial establishments to register themselves with the Delhi government’s Labour department.  For registration just go to http://www.labour.delhigovt.nic.in/ser/fse01_registration.asp This will help … Continue reading

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Should i pay extra tax while purchasing goods on bills in Inida?

After implementation of  VAT in india retailers are making extra money for selling goods on bills. Suppose i bought a branded ceiling fan in Delhi and retailer have quoted a price Rs.1200 nothing else but as soon i asked for … Continue reading

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