Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« 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

Rs 11K crore VAT due on 424 firms in Gujarat
February, 28th 2012

As many as 424 companies in the state are yet to pay value added tax (VAT) and sales tax dues worth Rs 1 crore each to the state, taking the total amount pending by these firms to Rs 11,671.45 crore, informed state finance minister Vajubhai Vala to the state assembly on Monday. The companies with pending VAT and sales tax dues include big names like Essar, Reliance Industries, Adani Enterprises, Oil and Natural Gas Company, Gas Authority of India and Biotor Industries among others, Vala said while replying to a question by Jetpur-Pavi MLA Mohansinh Rathwa.

The government also revealed that Essar Oil has not paid Rs 8,289.72 crore, while Reliance Industries' Jamnagar unit had dues worth Rs 889 crore, while replying to a question by Porbandar MLA Arjun Modhwadia.

Adani Enterprises also owes Rs 39.60 crore to the state government in taxes.

Vala, in reply to another question, stated that even the central government-owned companies had huge pending tax dues. Oil and Natural Gas Company's Vadodara refinery has not paid Rs 423 crore, while its unit in Surat owes Rs 252.65 crore as VAT dues.

Vadodara's Biotor Industries is yet to pay dues of Rs 854.51 crore.

Even state-owned company Gujarat State Fertilizers and Chemical Limited (GSFC) has not paid Rs 2.15 crore yet. According to the data, 32 industries had VAT dues worth Rs 10 crore each, while seven units had dues worth Rs 100 crore each.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting