Bookmarks   Feedback   Annual Subscription   New User   Login  
Tax Management India .com   
   TMI - Tax Management India. Com   
Whether vessels/ships that are afloat are not goods and immovable property? - CESTAT says Yes - What about GST on supply of floating ship?    *    Services provided to the Govt/ local authority with regard to water supply - exemption will include activity of construction of tube wells    *    Cenvat Credit - It is neither possible nor practical for any service recipient to verify the fact of payment of service tax by the service provider. Remedy of the Revenue lies at the hands of the service provider and not at the hands of the service recipient. - Tri    *    Levy of penalty - the assesse's stand that they were under a bonafide belief that no tax liability would fall upon them as the same stands discharged by the sub-contractor is required to be appreciated in which case, the provisions of section 80 of the Finance Act, 1994 would get invoked – no penalty - Tri    *    Cenvat credit - availed input services credit without payment of value of input service and service tax on such service to the provider of services - violation of Sub Rule (7) of Rule 4 of Cenvat Credit Rules 2004 - If payment is made later, credit will be eligible - however, interest liability to be computed, if any. - Tri    *    Classification of soyabean oil – by-product in the course of manufacture of lecithin – classifiable under 15071000 as crude oil, whether or not degummed - Tri    *    Continuance of registration under section 12A denied - if it is found that the assessee was accepting bogus donations, then that fact can only lead to an inference that the activities of the trust are not genuine or are not carried out in accordance with the objects of the trust. - Tri    *    Exemption u/s 11 - charitable purpose u/s 2(15) - merely because profits have resulted from the activities of imparting education, it would not result in change of character of the education that it was solely for educational purpose. - Tri    *    Disallowance of loan processing charges and pre-payment charges paid to the bank - so long as the expenses incurred by the assessee are genuine and not part of any colorable device to make tax evasion, then such expenses should be allowed under the relevant provisions of the Act. - Tri    *    Penalty u/s 271B - threshold limit for getting its account audited u/s 44AB - Business activity or professional activity - gross receipts were only ₹ 42 lakhs - penalty quashed - Tri    *    ADDITIONAL DEPRECIATION UNDER SECTION 32(1) (iia) OF INCOME TAX ACT, 1961    *    Seeks to extend the levy of anti-dumping duty on imports of Caustic Soda, originating in, or exported from Chinese Taipei (imposed vide notification No.79/2011-Customs, dated the 23rd August, 2011) for a period of one year i.e. upto and inclusive of the 22nd August, 2017    *    Meaning and scope of supply under GST (Part 2) - Import of services will be treated as supply and will subject to GST under reverse charge.    *    Meaning and scope of supply under GST (Part 1) - Since CGST, SGST or IGST will be levied on supply of goods or services, it is important to understand this term first    *    service tax payament-reg    *    Education Cess / Secondary & Higher Education Cess    *    The Union Finance Minister Shri Arun Jaitley reviews the Implementation of Insolvency and Bankruptcy Code (IBC) 2016; Calls for quick action to implement the IBC in a time bound manner    *    Guidelines regarding Provisional Assessment under section 18 of the Customs Act, 1962    *    Operation and Maintenance Management of Well Stimulation Vessel - Classification of service in question under ‘Ship Management Service' under Section 65(95a) upheld - The service provided during the disputed period from 16.06.2005 to 31.03.2006, is not taxable, being composite service, and cannot be vivisected - Refund allowed - Tri    *    IPR Awareness, Outreach and Promotion Campaign    *    Seeks to further amend Notification No. 96/2008-Customs dated 13.08.2008 so as to include 'Republic of Guinea-Bissau' in the list of countries eligible for preferential tariff under the said notification    *    Levy of tax on the whole of the lottery income - the amount was received by the trust and not by the individual in his individual capacity - all the authorities have seriously committed error in holding that the assessee is liable to pay tax - HC
News
Home News Commentaries / Editorials Month 4 2010 2010 (4)
← Previous Next →
 

Delhi VAT - Change in VAT Rates with effect from 1-4-2010

April 2, 2010
  • News

Delhi VAT - Change in VAT Rates with effect from 1-4-2010

See: Delhi Value Added Tax (DVAT) -Amended Act, Rules and Schedules

S. No.

ITEM

New Tax Rates with effect from 1.4.2010

Existing tax Rates

(%)

(%)

A -  DVAT rates reduced from 12.5% to exempted (i..e. 0%)

1

Oral Iron Chelator Defarasirox

0

12.5

B - DVAT rates reduced from 4% to exempted (i..e. 0%)

1

Liquefied Petroleum Gag (LPG) fro domestic use (being declared goods)

0

4

C - New tax on certain items - exempted (i.e. 0%) to 5%

1

Bio inputs like Fertilizers and Micro-nutrients and plant growth promoters

5

0

2

Kerosene stoves, lanterns and petromax and their spares

5

0

D - Tax rate increased From 5% to 12.5%

1

Cutlery Items 

12.5

5

2

Fertilizers, Pesticides, Weedicides, Insecticides, Herbicides, Rodenticides and Plant Growth Regulators (other than those covered in the First Schedule)

12.5

5

3

Mobile Phone and all mobile accessories costing above Rs. 10,000/-

12.5

5

4

Invertors and their parts

12.5

5

5

Readymade Garments costing above Rs. 5,000/- (but not including those made of Khadi)

12.5

5

6

Writing instruments costing above Rs. 1,000/- per piece

12.5

5

7

Dry fruits 

12.5

5

8

Kesar 

12.5

5

9

Magaj of all kind

12.5

5

10

Plastic and tin containers including barrels

12.5

5

11

Household plastic items such as combs, …….…. drums of capacity upto 100 litres

12.5

5

12

Fittings for doors, window and furniture including (1) hinges-butt ………... (7) wire brushes

12.5

5

13

Paint brushes

12.5

5

14

Wood, timber, ply-board and laminated board

12.5

5

15

Tractor tyres and tubes

12.5

5

16

Wire mesh and Metal mesh

12.5

5

17

Desi Ghee

12.5

5

18

Glucose D

12.5

5

19

Locks

12.5

5

20

Weights and Measures

12.5

5

21

Fibre board and particle board made out of agricultural wastes like Bagasse

12.5

5

E - Tax rates increased from 12.5% to 20%

1

Diesel

20

12.5

2

Aerated Drinks

20

12.5

3

Watches above Rs. 5,000/-

20

12.5

See: Delhi Value Added Tax (DVAT) –Amended Act, Rules and Schedules

Also: See Notification Nos.

Notification No. NO. F. 3(30)/FIN.(T&E)/2009-10/js/Fin./285-DVAT dated -01-04-2010

Notification No. NO. F. 3(23)/FIN.(T&E)/2009-10-DVAT dated -01-04-2010

Notification No. NO.F.3(23)/FIN.(T&E)/2009-10-DVAT dated -01-04-2010

Notification No. No. F. 3(27)/Fin (T & E)/2009-10/JS Fin/195-DVAT dated -17-03-2010

 


 

← Previous Next →
what is new what is new

Advanced Search

Latest Updates

Forum

Featured

Experts

More Options

Communication




|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map || ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version