Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | 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
 
 
 
 
Popular Search: form 3cd :: VAT Audit :: TDS :: VAT RATES :: cpt :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: list of goods taxed at 4%
 
 
Direct Tax »
 High court judges, experts brainstorm on likely GST litigations
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
 No tax relief on EPF interest if not employed: ITAT
  CBDT signs 7 more unilateral APAs with taxpayers
 Income tax returns (ITR) filing: Get capital gains tax exemption on new property; here is how
 Reach out to non-filers of GST returns: CBEC to fields offices
 CBDT may shelve plan to seek corporate tax estimates in advance
 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already

Sec 17 showroom fined 17,000 for charging extra VAT
March, 04th 2016

Taking serious note of the practice of traders charging value added tax (VAT) on price which is inclusive of all taxes because of discount offers, the District Consumer Disputes Redressal Forum asked an Adidas showroom in Sector 17 to refund Rs 449.93 and pay Rs 17,000 to a consumer.

Anu Pratap, a resident of Sector 16, Chandigarh in her complaint before Consumer Forum said she bought a pair of shoes from the showroom under a promotional offer of 40% off.

"Maximum retail price of the said shoes was Rs 5,999 which was inclusive of all taxes," the complaint read. She alleged that after giving 40% discount, the opposite parties charged Rs 4,049 from her and charged Rs 449.93 as VAT on Rs 5,999, which was already inclusive of all taxes.

Pratap served a legal notice on showroom authorities seeking refund of the excess amount charged. But instead of refunding the amount, they sent a "vague and evasive reply" justifying their action of charging VAT.

The complainant described the aforesaid act and conduct as deficiency in service and unfair trade practice. Despite a notice, no one appeared on behalf of the showroom and the case was proceeded ex-parte.

"This act of the showroom managers draws an adverse inference against them," the forum stated. Their non-appearance shows they have nothing to say in their defence against the allegations made by the complainant. Therefore, assertions of the complainant go unrebutted and uncontroverted, the forum held.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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