« Top Headlines » Open DEMAT Account in 24 hrs  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible  CBDT extends specified date for filing of various reports of audit for the Assessment Year 2025-26  Tax audit deadline nears: Will Finance Ministry grant an extension?  Are large income tax refunds getting delayed? Here s what you can do if you are yet to receive refund  MSME Form 1 for Enhanced Reporting in Tally Prime Silver «  I-T to tighten TDS norms for non-salaried... `Steel scrap eligible for ST deferral concession'... » Bharti Airtel served notice to pay Rs 24.2-cr VAT October, 11th 2006 The Department of Commercial Tax had issued a notice to Bharti Airtel demanding payment of Rs 24.18 crore by way of value added tax with penalty for 2005-06 saying broadband providers are liable to comply with the obligation. The notice was served in August. However, the telecom company had approached the Karnataka High Court seeking to quash the demand notice. But it did not get a stay. When contacted, the Deputy Commissioner of Commercial Taxes, Mr A.K. Chitaguppi, confirmed the serving of the notice and said a final picture would emerge only after the court gives its verdict. He said that he was not aware of similar demand notice being served on other telecom companies such as Reliance, BSNL, VSNL and Sify. According to Government sources, tax liability estimated at Rs 1,200 crore was due from the broadband providers, both in public and private sector. Taxable turnover They said supply of light energy, on which broadband lines operate, fell under the category of `goods' and its sale constituted taxable turnover attracting VAT at the rate of 12.5 per cent. Hence, the authorities slapped a notice to Bharti Airtel to pay the said amount, the tax authorities contended.