« VAT (Value Added Tax) » Open DEMAT Account in 24 hrs  Gujarat slashes tax on ATF by 5 per cent  CENVAT Credit can’t be denied If ISD invoices issued for distribution of ITC prior to Registration  1 step forward, 2 steps back. Is GST going the VAT way?  1 step forward, 2 steps back. Is GST going the VAT way?  Pending VAT comes to haunt companies claiming input tax credit  One-time settlement of VAT, excise disputes in the works  Haryana government uploads photos of VAT defaulters  Filing of online return for 4th quarter of 2017-18 extension of period thereof.  No Cenvat credit admissible on outward transportation services from factory to buyer’s premises   Filing of reconciliation return in form 9 for the year 2016-17  Govt may send notice to 162 companies; ask for VAT returns «  Reforms in EU VAT: Lessons for the Indian GST... FMs empowered panel meet from January 9... » VAT reduced on material bought by Punjab power utilities December, 23rd 2011  The Punjab government today decided to reduce VAT from 12 per cent to 5 per cent on material purchased by Punjab State Power Corporation (POWERCOM) and Punjab State Transmission Corporation (TRANSCO) for power generation, transmission and distribution. The nod was given by Punjab Chief Minister Parkash Singh Badal in this regard here today. A spokesperson said that the surcharge of 10 per cent on the VAT levied on said purchase would continue to be charged as earlier. The spokesperson further said that the Chief Minister had taken this decision to safeguard the interests of the local industry. This decision would not only boost the financial viability of these corporations but also immensely benefit all categories of consumers across the state by ensuring far better efficiency in the system of power generation, transmission and distribution, the spokesperson added. PTI CHS YB MR