Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: cpt :: form 3cd :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: due date for vat payment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS
 
 
VAT (Value Added Tax) »
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?
 New tax structure not higher than VAT
 Cos will be reimbursed for exemptions that currently exist in the VAT regime
 GST will get states more than VAT
 Is it a modified Value Added Tax?
 GST regime: VAT Commissioner and CBEC to work with businesses
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)

Beopar mandal against mentioning commodities in VAT forms
February, 23rd 2013

The office-bearers of Punjab Pradesh Beopar Mandal (PPBM) have sought the abolition of requirement of mentioning commodities in VAT forms, while demanding restoration of the old procedure wherein only trade name was required.

In a representation sent to excise and taxation commissioner Anurag Verma, PPBM presidentAmrit Lal Jain said that selection of appropriate commodity out of 1,700 items has posed a serious legal problem to them. “A large number of disputes, pertaining to right item under the right commodity type were already pending in courts,” he said.
Jain added that the only language that an ordinary dealer understands is how a commodity is normally identified in trade parlance. “Asking a dealer to define a commodity in a name different from its billing name is tantamount to befooling him and making him part with his money. The issues, which sometimes fail the best of legal brains, have been left to be decided by barely-educated dealers,” Jain added.

He maintained that as far as this issue is concerned, even the Vat practitioners have left the dealers to their fate and they have asked the dealers to determine the name of the commodity or the description of the item themselves.

“Further when a dealer goes to the department concerned for registration and provides the list of items, the department officials themselves are not able to identify the items required to be registered with the commodity names provided in the software and they are not described in the registration certificate on the simple pretext of non-availability of a matching name in the software,” he said.

“Further all items entered in the system do not appear in the registration certificates. This is an all glaring truth and can easily be verified from the records of the department concerned,” Jain alleged.

Jain further said that the dealer, consequently, is in complete darkness at present as to what items are covered by his registration certificate. “Still the department wishes the dealer to come out with specific description of item,” he said.

He added that it was surprising how did the excise and taxation department manage to confine millions of commodities into nearly 1,700 items.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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