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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

75% VAT refunds on monthly returns
September, 08th 2010

Punjab cabinet on Tuesday decided that 75% of the Value Added Tax (VAT) refunds would be issued on the basis of monthly returns and against indemnity bond.

This facility of indemnity bond would be extended to genuine manufacturers and traders up to a particular limit. Once this limit of Rs 1 crore was crossed, they would not get the new refunds.

Similarly, statutory forms would be submitted within a year from the closure of a financial year, for the year 2009-10, they would be allowed to submit these forms till March 2011 and thereafter these forms would not be entertained.

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