« 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 «  Orissa CM seeks PM intervention for CST loss compensation... Govt promises to cut taxes for industries... » AP Govt waives VAT on textiles, introduces 1% tax April, 23rd 2012 The Andhra Pradesh handloom and textile sector got a relief, with the State Government accepting the industry's plea to waive five per cent VAT and instead impose a one per cent composite tax. Following the development, the AP Federation of Textile Associations called off their nine month-old agitation and commenced operations. The Government has also agreed to waive VAT payable during the agitation period from July 1, 2011 to March 31, 2012. The industry had launched the agitation after the State Government introduced VAT, which, it claimed, was not in existence in any other State. It had subsequently put forth an alternative proposal envisaging a composite tax of one per cent of the turnover for firms above Rs 7.5 lakh turnover. The Government had constituted a committee to study the proposal and based on its recommendation it took the decision for VAT waiver. Textile traders will now have an option of either paying one per cent tax or five per cent VAT to avail input tax credit, Mr Ammanabolu Prakash, president of the federation, told media persons here on Saturday.