State | BIHAR {Sec.16 / Rule 12,14,15,} | KERALA {Sec.11,12,13 / Rule 12-A,12-C,13,14,15,46,47,47-A} |
Full VAT Input Tax Credits - Eligibility / admissibility & purposes specified |
On VAT-paid purchases upon receipt of Tax invoice; for Sale/resale of taxable goods in/from Bihar; for Capital goods for resale or manufacture of taxable goods; Use in manufacture / packing of taxable goods for sale | On ALL VAT-paid
goods purchased, for purposes of Resale in/from Kerala, for use in works
contracts, for use as input/capital goods in manufacture / processing of
goods; for packing; for inter-State sale. |
Input Tax Credit Provisions in brief- Bihar and Kerala
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Input Tax Credit provisions in brief- Andhra Pradesh Assam
State | ANDHRA PRADESH {Sec.13,22,38 / Rule 16,20} | ASSAM {Sec.11,14,15 / Rule 9,11,12} |
Full VAT Input Tax Credits - Eligibility / admissibility & purposes specified |
On ALL VAT-paid goods at point of purchase on receipt of Tax invoice during Tax period, if such goods are for use in business; E.T. paid eligible for adjustment against output VAT. | On
VAT-paid purchases in Tax period following after receipt of Tax invoice; for
Sale/resale of taxable goods in/from Assam; for Capital goods for manufacture
of taxable goods; Use in manufacture/packing of taxable goods for sale |
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Service Tax on services provided by directors to the Company
Reverse charge
mechanism was introduced purposefully to cover unorganized sectors like GTA or
cover small service providers because for them paying tax may not be a problem
but understanding of legal provisions and then complying with those provisions
could really have become difficult but now reverse charge has become fashion
and government applying to any sector even those sector can understand the law
and can manage as well. Reverse charge on legal service/ service by directors
to the company are the best example where Government collecting tax on reverse
charge basis while it should have been directly collected through these service
providers themselves.
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Amendment in service tax on construction , complex services
Amendment in service tax on construction , complex services
CBEC has amended Notification No. 26/2012- ST dated 20.06.2012 with a view to remove the ambiguity prevailing on the rate of abatement of service tax on construction of residential unit.
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Revised ST 3 -Service Tax
รจ The ST- 3 return filing which was due by 25-10-2012 for the period “01-04-2012 to 30-06-2012”, but
data has been provided for the period 01st April 2012 to 30th
June 2012 (one quarter only) as per CBEC instruction vide letter
F.No.137/22/2012 dated 28th September 2012.
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