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KARNATAKA VAT ACT
Vedanta shares plunge 5% as SC rules conglomerate not entitled to concessional rates for high-speed dieselVedanta shares fell after the Supreme Court upheld a ruling denying concessional diesel rates under Form C, citing misuse beyond mining pur...- Concessional diesel: No relief for VedantaThe Supreme Court has backed a High Court decision against Vedanta. The company will not get cheaper diesel. This is because Vedanta used t...
- Flipkart wins against Karnataka tax dept; HC orders refund of Rs 16.11 crore deposit with interestThe suit was the result of the commercial taxes department treating mobile phone chargers as an unscheduled commodity and taxing them at a ...
- SC halts Rs 317 cr tax demand against Antrix CorporationThe Supreme Court has put a hold on the Karnataka tax department's demand of over Rs 317 crore in VAT arrears from Antrix Corporation, ISRO...
- Natural gas, ATF in GST this week?When GST was introduced on July 1 last year, five commodities -- crude oil, natural gas, petrol, diesel, and aviation turbine fuel -- were ...
- Flipkart's win in Kerala tax case a fillip for ecommerce firms in other statesThe judge also wondered how the tax authorities could levy tax on Flipkart Internet Services when majority of the sales to customers in Ker...
- Karnataka ’s ecommerce tax will fall flat in court: ExpertsThe taxes department asked ecommerce firms including Amazon, Flipkart and Snapdeal to deduct 1% of the money payable to merchants towards t...
- Delhi brings E-com portals to file tax returns every quarter to check tax evasionA notification is under way to make it mandatory for all online portals like Flipkart and Snapdeal to file tax returns quarterly.
- Karnataka’s VAT tweaks may force Amazon’s exit from the stateThe section 8 is about the ‘agents’ liable to pay tax while section 22 deals with the liability on the part of dealers to register with VAT...
- Amazon’s India operations face FDI scrutiny to check the policy compliance“Is the model followed by the company compliant with the FDI policy,” the communication to DIPP says asking it to examine the structure clo...
- VAT Issues: Karnataka offers ecommerce giant Amazon a month for tax callUntil then, the Commercial Taxes department has agreed not to act against individual dealers who have business partnership with Amazon.
- SC interim order on VAT on sale of properties a relief for developers and buyersThe interim decision taken by the Supreme Court on Value Added Tax (VAT) on sale of properties provides breathing space for developers and ...
- SC to HAL and Karnataka govt: Resolve Rs 1,519 cr tax disputeThe Supreme Court today directed the Defence Ministry and the Karnataka government to meet and resolve their dispute over Rs 1,519 crore sa...
- Govt should issue clear rules on service tax & VATThis is fourth in a series of articles in association with Ernst and Young in the run up to the Budget. Govt should make India more investm...
- Creation of concept not liable to sales tax: SCIn a reprieve to advertising agencies, the Supreme Court has ruled that charges collected towards the services such as evolution of prototy...
- Karnataka bites the VAT bullet on coffeeWhile any tax-reduction on a product is normally welcomed by the concerned industry, there is far more to it than what meets the eye in the...
- Karnataka cautious on 4% coffee VAT bulletThere is far more to it than what meets the eye in the case of this Monday's announcement that Karnataka would be slashing the tax on coffe...
- Purchase tax sours Karnataka cane mills’ moodSugar mill owners in Karnataka have sought an urgent re-look at various fiscal laws governing their sector.
- Purchase tax sours Karnataka cane mills' moodSugar mill owners in Karnataka have sought an urgent re-look at various fiscal laws governing their sector.
- Traders take a day off to fight VATCommercial activity across Maharashtra and neighbouring states of Madhya Pradesh, Gujarat and Andhra Pradesh on Monday slowed down as thous...
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