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: ACCOUNTING STANDARDS :: TDS :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: list of goods taxed at 4% :: form 3cd :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES
 
 
VAT (Value Added Tax) »
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 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

State government fails to collect VAT from online shopping
May, 28th 2014

One year down the line, the state government has failed to collect Value Added Tax (VAT) from online shopping, despite the government issuing a notification in May 2013 to tap the leakage in VAT.

In May 2013, the Goa Tax on Entry of Goods (Amendment) Act, 2013, was notified and levied 5% VAT on goods bought online. But officials in the department of commercial tax told Times of India that the notification was issued but the government has still not framed the rules to collect tax on goods purchased online.

"The government is in the process of framing rules for entertainment tax and Goa value added tax and after that, the government will frame rules for Goa Tax on Entry of Goods," the official added.

Keeping in mind, that goods purchased online are delivered by courier or parcel service operators, the government has changed the definition of transporters so that the commercial tax department can tap the leakages.

The notification had defined that 'transporter' means any person who carries on the business of transporting goods on account of any other person into or outside or within the state of Goa and includes carrier, transporting agent, courier, parcel service operators and bus service operators.

'On failure of the transporter to pay tax levied under this section, the transporter and consignee shall be jointly and severally liable for payment of such tax and penalty levied,' it stated.

The government took the decision as it felt that online shopping does not generate revenue for the state treasury and was affecting local business.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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