1 SPEARHEAD Trusted Business Partner Helping Clients across the globe focus on core business by simplified, secured & innovative Business Practices

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SPEARHEADTrusted Business Partner

Helping Clients across the globe focus on core business by simplified, secured & innovative Business Practices

VAT/ CST Newsletter Mar 2015

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Serial No. State Legislation Particulars Effective

Date Highlight / Summary Extract

1. Andhra PradeshAP Value Added Tax Act, 2005 Notification G O

10024th March, 2015

Refund the Tax paid on purchase of all components used in the construction and erection of Water Treatment Plants under the Scheme “NTR Sujala Pathakam” is limited to 5% irrespective of the tax paid

2. Andhra PradeshAP Value Added Tax Act, 2005 G.O.Ms. No 78 04th March,

2015

Rescinds the notification issued in G.O.Ms.No.2328, Revenue Department, Dt.13-12-1957 with immediate effect where tax on textiles, Sugar , Tabacco products was exempt

3. Andhra Pradesh

AP Value Added Tax Act, 2005

Circular 12th March,2015

Regarding cancellation of e-Way Bills, Dealers have to contact office of AC (LTU)/CTO within 72 hours from the time of cancellation. The officer shall verify the genuineness of the cancellation by verifying whether the said way bill was utilized in the state

4. Andhra Pradesh AP Value Added Tax Act, 2005 Circular 17th March,

2015

APVAT Act, 2005 –Section 4(7)(d) and Rule 17(4)-Builders of Residential Apartments, houses, buildings, Commercial Complexes- Maximum Tax potential to be realized- Street Survey in April2015- Unregistered Builders to be Registered as dealers to be covered under composition tax- Certain instructions issued

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UPDATE ON VAT/CST LEGISLATION –March 2015

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5. Andhra Pradesh AP Value Added Tax Act, 2005 Circular 18th March,

2015

APVAT Act & CST Act – Transporter registration and declarations to be filed at Border Check posts-eWay bills for Interstate movement-Certain clarifications

6. Andhra PradeshAndhra Pradesh Value Added Tax Act, 2005

Circular 20th March, 2015

VAT Returns -Input Tax Credit eligible to claim in the Returns-Sub-Rules 4 to 12 of Rule 20- March Returns to be filed along with VAT 200B or 200F

7. Andhra PradeshAndhra Pradesh Value Added Tax Act, 2005

Circular 20th March, 2015

Section 47 - State to state movement and Transit Pass system -Not surrendering Transit Passes at Exit CPs within Five days from the date of Entry- Blocking of Vehicles

8. Daman & Diu Designate Indian Overseas Bank as authorized bank for payments of taxes ---

9. DelhiDelhi Value Added Tax Act, 2004

Notification No.F.3(352)Policy/VAT/2013/936-947

1st April, 2015

Form DP-1 shall be submitted online by all the dealers latest by 30/06/2015

10. Delhi Central Sales Tax Act, 1956

Circular No. 30 of 2014-15

1st April, 2015

Date of filing of reconciliation return for the year 2013-14 upto 30th June 2015

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Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract

11. GoaGoa Value Added Value Tax Act, 2005

Notification CCT/12-2/14-15/4797

1st April, 2015

Extension in the period of assessment for the financial year 2011-12 by six months. All assessments for the year 2011-12 shall accordingly be completed on or before 30th September, 2015.


Notification 4/5/2005-Fin(R&C)(117)

27th March, 2015

Amendment in Schedule C - Regarding Motor Spirit - Sold by public sector as well as private sector oil marketing companies to their authorized retail outlets within the State

13. Goa Central Sales Tax Act, 1956


1st April, 2015

Rescinds Notification No. 4/5/2005-Fin(R&C) (45) - Regarding sale inter-State trade or commerce of Information Technology Products - Tax payable by dealer



1st April, 2015 Amendment in Goa VAT Schedules 'B', 'C', 'D' and 'E'



1st April, 2015Amendment in Goa VAT Schedules B - Regarding Cellular phones & CDMA phones

16. Haryana Commercial Tax Dept.

Notification No S. O. 21

09th March, 2015

Increase in surcharge on Motor Spirit, High Speed Diesel Oil from 10% to 20%

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Serial No. State Legislation Particulars Effective Date Highlight / Summary Extract

17. Haryana Excise & Taxation Dept. Public Notic Public Notice regarding furnishing of

details by dealers

18. Himachal Pradesh

Himachal Pradesh Value Added Tax Act, 2005

Notification No. EXN-F(10)-23/2014

09th March, 2015

Draft amendments in SCHEDULE 'A' and SCHEDULE 'D' - Regarding Motor Spirit & ATF

19. Himachal Pradesh

Himachal Pradesh Tax on Entry of Goods into Local Area Act,2010

Notification No. EXN-F(10)-28/2014

19th March, 2015

Amendment in Schedule II - Entry No 1 appended

20. KarnatakaThe Karnataka Value Added Tax Act, 2003

Notification No. KLA/LGA/61/LA Bill/2014

12th Dec, 2014

Amendment In section 21 - after section 21 the word inserted namely, Provided that reimbursement of Tax collected under this Act shall also be available in respect of personal purchases made by the Diplomats and Consulate officers of the Embassies and Consulates of the countries which are notified subject to such conditions as may be specified therein by the State Government based on reciprocal agreements entered into by the Central Government with such countries

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21.Madhya Pradesh

Central Sales Tax Act, 1956 Notification

30th March, 2015

Exemption of various concessions upto 31.03.2016

22.Madhya Pradesh

Madhya Pradesh Value Added Tax Act Draft Notification 1st April,

2015Schedule I & II - Change In rate of Tax w.e.f 01.04.2015 (In Hindi ) ---

23. MaharashtraMaharashtra Value Added Sales Tax Act, 2002

Notification No. VAT. 1515/CR-39(1)/Taxation-1

1st April, 2015 Amendment In Schedule A & C-

24. MaharashtraMaharashtra Value Added Sales Tax Act, 2002

Notification No. VAT 1515/CR 39(2)/ Taxation-1

1st April, 2015

Maharashtra MVAT Schedule C- Notifies types of Papers for the purpose of schedule entry

25. Maharashtra

MVAT Act, CST Act & The Maharashtra State Tax on Professions, Trades, Callings and Employments Acts

Trade Circlar 4T of 2015

09th March, 2015

Combined Application for New Registration under the MVAT Act, CST Act & The Maharashtra State Tax on Professions, Trades, Callings and Employments Acts

26. Meghalaya Meghalaya Value Added Tax Act, 2003 Notification

18th March, 2015

Amendment in Schedule I & V: Regarding Tobacco products

27. Meghalaya Meghalaya Value Added Tax Act, 2003 Notification

16th March, 2015

Exemption from VAT on materials for construction of rural toilets under Swachh Bharat and water purification plants and solar panels

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28. Nagaland Govt. Nagaland Finance Dept. Notification 27th March,

2015Enhancement in rate of tax on Diesel & Petrol

29. PunjabPunjab Value Added Tax Act, 2005

Notification No. S.O. 9/P.A.8/2005/S.8/2015

11th March, 2015

Amendments of Schedules 'B' and 'E' - Amendment in rate of tax on Natural Gas, ATF, Iron & Steel & PVC


Notification No. S.O. 10/P.A.8/2005/S.6/2015

11th March, 2015 Rate of Advance tax on Iron & Steel


Notification NoG.S.R. 4/P.A.8/2005/S.70/Amd.(54)/2015

11th March, 2015

Increase in number of stages of taxable person upto three in case of Iron & Steel


Notification No. S.O.8/P.A.8/2005/S.8/2015.-

26th Feb, 2015

Amendment in PVAT Schedule A- The serial No 21 and relating entries shall be omitted, serial No 34 for the words and signs “Meat, fish, prawn”, the words and signs “Fresh vegetables, fruits, meat (i.e. raw meat, chicken or fish), whether cured or frozen or preserved or not, till their nature or function is not changed by these processes,” shall be substituted & also Serial No 87 also amemded.

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33. PuudducherryPuducherry Value Added Tax Rules, 2007

Notification No G O Ms No 60

1st April, 2015

Puducherry Value Added Tax (Amendment) Rules, 2015 - Amendment in Rule 8, 9 & 19

34. PuudducherryPuducherry Value Added Tax Rules, 2007

Notification No G O Ms No 68

1st April, 2015

Puducherry Value Added Tax (Amendment) Act, 2015 - Amendment in Section 2, 8, 15, 54 and First Schedule - Regarding ATF

35. RajasthanRajasthan Value Added Tax Rules, 2006

Dealer Circular No 22

10th March, 2015

Application for issuance of Awarder Identification Certificate (AIC)

36. RajasthanGovt. of Rajasthan Commercial Tax Dept.

Dealer Circular No 23

10th March, 2015

Regarding levy of electricity duty on consumption of self-generated energy by captive power generating plants other than DG sets.

37. RajasthanGovt. of Rajasthan Commercial Tax Dept.

Circular No 22 & 24

23rd March, 2015

Facility to create sub-user for issuance of Declaration Forms for Import/Export of Notified Goods.

38. TripuraTripura Value Added Tax Act, 2004

Notification No.F.I-11(62)-TAX/VAT/2014

04th March, 2015

Amendment in Schedule II – With respect to Medicine & Drugs

39. TripuraTripura Value Added Tax Act, 2004

Notification NO.F.I-11(62)-TAX/VAT/2014

24th March, 2015

Amendment in TVAT Schedule II – With respect to 'Medicine and drugs'

40. Uttar PradeshUttar Pradesh Value Added Tax Act, 2008

Notification12th March,2015

Amendment in Schedule-IV – With respect to tax rates of Diesel oil & Furnace oil

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41. Uttar Pradesh Uttar Pradesh Value Added Tax Act, 2008 Notification

30th March, 2015

Extension in time limit for completion of assessment or re-assessment in respect of cases of the assessment year 2011-12 upto 30th April, 2015

42. West Bengal West Bengal Sales Tax Act 1994

Notification No 1275- F B

11Th Jan 2015

Amendment in Department Notification No. 908-F.T. dated 13/04/2005 - Regarding Motor Spirit

43. TelanganaGovt. of Telangana Industries & Commerce Dept.

Order - G O Ms No 22

27th March, 2015

Purchase Tax on sugar cane - Purchase Tax payable to the Government by the sugarfactories and by the Khandasari units for 2014-2015 season – Passing on the PurchaseTax to the Cane suppliers, as incentive

44. Service Tax Extension of e-payment deadline and of banking hours on 31st March, 2015 ---

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