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VAT

Toll tax across Haryana may be reduced effective today

Toll tax across Haryana may be reduced effective today
The government will consider if the toll rates will be reduced for only vehicles bearing Haryana registration numbers or the relief should be extended to all vehicles which pass through the toll plazas. The Haryana cabinet is likely to take a decision on reducing toll tax in the state. The government was planning to give [...] Continue Reading »

Pune Home festival starts Mar 28

Pune Home festival starts Mar 28
The MBVA, which is an association of real estate developers, is organizing Pune Home Festival between March 28 and 31. In this fest, the participating organization will provide discount on apartments and waiver of registration and VAT. Mr. Sudhir Darode, MBVA president, says that the home buyers will get the chance to select from over [...] Continue Reading »

STPI seeks tax advantage for IT and ESDM units in revised IPR

STPI seeks tax advantage for IT and ESDM units in revised IPR
The Software Technology Parks of India (STPI) has requested the state government for reintroduction of provision of zero rated sales under Odisha VAT act for the IT and ESDM (Electronic System Design and Manufacturing) units of the state to make them competitive in the world market in the draft Industrial Policy Resolution (IPR). Earlier, under section-18, the [...] Continue Reading »

Delhi govt to take stringent action against VAT evaders

Delhi govt to take stringent action against VAT evaders
Builder and ancillary units in the construction industry defaulting VAT on ‘contract work’ now have to be cautious as the tax department of the Delhi Government is taking stringent action against the defaulters. Already, the special zone of the tax department has prepared the list of contractors and builders in consultation with the municipal body. [...] Continue Reading »

Maharashtra builders warn buyers of legal action on failure in VAT payment

Maharashtra builders warn buyers of legal action on failure in VAT payment
Maharashtra builders have warned the buyers that they could invite legal action on the face of failure in payment of value added tax (VAT) on the purchases made from June 20, 2006 to March 31, 2010. The builders have paid the amount to the sales tax department and want to recover it from the buyers. [...] Continue Reading »

Maharashtra CM not in favour of extending VAT deadline

Maharashtra CM not in favour of extending VAT deadline
Sources reveal that Maharashtra chief minister Prithviraj Chavan is not in favour of extending the deadline for paying value added tax (VAT) or reducing the tax rate on flat purchases. As the order of paying VAT has been handled by the high court, the chief minister does not want to extend the deadline or reduce [...] Continue Reading »

No VAT for Mhada flats

No VAT for Mhada flats
The under-construction buildings which were purchased  by buyers in the past six years will not attract any VAT (Value Added Tax). It was told by the legal and tax consultants that residents under  Mhada will not have to pay any VAT as  Mhada  does not enter into any sale agreement with its buyers unlike in private transactions. As per [...] Continue Reading »

CREDAI calls for one per cent VAT norm

CREDAI calls for one per cent VAT norm
Confederation of Real Estate Developers Association of India (CREDAI) has called for the one per cent norm related to VAT payment to be adopted for the retrospective period between 2006 and 2010. The issue is pending with the Supreme Court, which had issued an interim order asking that the VAT on properties sold between the [...] Continue Reading »

Pune builders misguided flat owners about VAT

Pune builders misguided flat owners about VAT
The flat owners association and civil society organisations accused the builders’ lobby for inducing confusion among flat owners about payment of value added tax (VAT), through social advertisements. Confederation of Real Estate Developers’ Associations of India (CREDAI) has published advertisement about collection of VAT. As soon as the advertisement was out, the local builders sent [...] Continue Reading »

Awareness programme on VAT issues in Pune

Awareness programme on VAT issues in Pune
Owing to confusion created in the minds of home buyers, the consumer organisations in Maharashtra have come together to address flat owners’ concern over paying the Maharashtra Value Added Tax (MVAT) to builders. Three organisations – Sajag Nagarik Manch, the Akhil Bharatiya Grahak Panchayat and the Grahak Hitwardhini have organised an awareness programme on October [...] Continue Reading »



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