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« VAT (Value Added Tax) »
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 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

VAT collection doubled in five years
April, 06th 2010

The introduction of Value Added Tax in the national capital has significantly strengthened the state exchequer with tax collection registering a 100 per cent increase in the last five years.

As per the latest official figure, Delhi Government has collected Rs 11,118.87 crore through VAT in the fiscal 2009-10 as against the total tax revenue of Rs 5,199.76 crore in 2004-05 which is inclusive of sales tax.

The VAT, considered as simple and transparent, was introduced in the city on April one, 2005 and from that year onwards the revenue collection of Delhi Government witnessed marked improvement.

Following introduction of VAT, the revenue collection in the fiscal 2005-06 went up to Rs 6,499 crore from Rs 5,199.76 crore in 2004-05, registering a growth of 25 per cent.

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