Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: cpt :: due date for vat payment :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
Direct Tax »
 Filing tax return before March 31? Here is what you should do and what not
 CBDT invites suggestions to draft new Direct Tax Law
 Deadline For Income Tax Returns Filing Only 12 Days Away. 10 Points
 Income Tax: E-assessment ensures greater efficiency in the taxation system
 10 Points Deadline For Income Tax Returns Filing Only 2 Weeks Away.
 Income tax returns (ITR) filing: A step by step guide to check your ITR status online and offline
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today
 Here are a few last-minute tax saving ideas Not planned taxes yet?

Chidambaram argues against state tax in Gujarat high court
September, 25th 2014

Former home and finance minister, P Chidambaram, appeared before Gujarat high court on Wednesday on behalf of British Gas in a multi-crore sales tax assessment case.

The state government has issued tax notices to British Gas and two other companies — ONGC and Reliance Industries Ltd — for bringing gas to Hazira from the Panna-Mukta-Tapi (PMT) field, where they got the contract from the Centre for capital investment and exploration. According to the contract of crude exploration, ONGC was allocated 40% share in the crude-stock while the two other companies were given 30% share each.

After conducting the gas sweetening process at Hazira, it was sold to the Gas Authority of India Limited (GAIL).

The state government assessed the sales tax of around Rs 1,500 crore from 1997 to 2001 on the three contractors while stating that the gas was delivered and sold to GAIL from the territorial region of Gujarat. When Value Added Tax (VAT) Act came into force in 2004-05, the state government initiated the assessment of the sales tax and issued notice to the three contractors.

Appearing for the company, Chidambaram argued that Gujarat government has no jurisdiction to seek sales tax from the 'B G (British Gas) Exploration and Production India Limited' because the delivery point is located 32 nautical miles away from Hazira port in Surat, and hence it does not fall within the territory of the Gujarat.

Chidambaram further argued that the gas is technically an import, as it could have gone anywhere in the world but due to contract obligation with GAIL, it was brought to Hazira.

Further hearing is kept on Thursday.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 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