sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« VAT (Value Added Tax) »
 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
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part

HC admits Nestle's petition challenging VAT on Maggi noodles
December, 31st 2012

The Gujarat High Court (HC) on Thursday admitted FMCG major Nestle India Ltd's petition challenging state government's decision to levy value added tax (VAT) on sale on its noodles in Gujarat sold under brand name 'Maggi'.

A division bench of Justice Akil Kureshi and Justice Sonia Gokani has scheduled the matter for final hearing which will be notified in due course. They also directed Nestle to deposit 4 per cent of the total recoverable VAT as calculated by the deputy commissioner of commercial tax, with the court.

According to deputy commissioner of commercial tax, the VAT recoverable from the company for the assessment year 2008-09 was over Rs 3.25 crore. Hence, the amount company has to deposit with the bank comes to about Rs 13 lakhs. Upon compliance with this direction, the court has asked the state government not to take any coercive action against the company the dispute is resolved.

In a special civil application filed in the High Court Nestle India Ltd had challenged the order of the Deputy Commissioner Commercial Tax (VAT) issued in October this year, seeking recovery of VAT for the assessment year 2008-2009 for the sale of noodles in Gujarat.

The company has contended in its petition that the noodles falls under the category of 'sev' made out of wheat flour which is exempted from VAT as per the order of the September 9, 1986, judgement of the Gujarat Sales Tax Tribunal.

It has further contended that noodles, which falls under classification of 'sev' were exempted from VAT during previous assessment years of 2006-07 and 2008-07 by the same authority which is now seeking VAT on the food product at the rate of 12.5 per cent under the residuary entry of the Gujarat Value Added Tax Act.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions