sales tax mvkini_state budget 2012
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STATE BUDGETPROPOSALS 2012VAT, CST & ENTRY TAX
TAX ALERT
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Contents
Subject Page Nos. Glossary 4 Objective 5 VAT amendments for Assam 6 Budget proposals for Bihar 7
Budget proposals for Chhattisgarh 8 VAT amendments in Delhi 9 Budget proposals for Goa 10-13 Budget proposals for Gujarat 14 Budget proposals for Himachal Pradesh 15
Budget proposal for Jammu & Kashmir 16-20 Budget proposals for Karnataka 21-22 Budget proposal for Kerala 23-24
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Contents. Contd.
Subject Page Nos.
Vat amendments in Madhya Pradesh 25-27
Budget proposal for Maharashtra 28-34
Vat amendment in Punjab 35
Budget proposals for Rajasthan 36-39
Budget proposals for Tamil Nadu 40-41
Budget proposals for West Bengal 42-47
Vat Changes in other States 48
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Glossary
ATM Automated Teller Machine CFL Compact Fluorescent Lamp CST Central sales Tax CNG Compressed Natural Gas
DVD Digital Versatile Disk
FY Financial year IMFL Indian Made Foreign Liquor
IT Information Technology
ITC Input Tax Credit LPG Liquefied Petroleum Gas TDS Tax Deducted at Source URD Unregistered Dealer VAT Value Added Tax
WCT Works Contract Tax
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Objective
This presentation summarises the proposals under respective StateBudgets for the FY 2012-13 in respect to the levy of VAT, CST andEntry Tax in the State
Points discussed in this presentation are on selective and not
exhaustive. Detailed examination and analysis is separately required which has
not been undertaken under this presentation.
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Assam
New Composition Scheme for works Contract superseding the earlier bynew notification.
- Dealer can select this Scheme in lieu of actual tax payable
- Method of calculation of tax payable under composition given
- Application form and returns to be submitted for availing the
benefit are explained in the notification
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Bihar
Amendments to VAT Act
Provision for Compounding of tax liability
- New Section 15A introduced
- provisions of books of account and taxable turnover inserted
- WCT-TDS from Works Contractor increased from 4% to 5% Complete ITC can be taken in interstate sale, if the goods are procured
within the state and sold interstate without manufacturing activity.
Security deposit of Rs 10,000/- mandatory for voluntary registration
Verification and cross checking made mandatory for refund of VAT and
unadjusted ITC The commissioner is empowered to extend time not exceeding 3 months
w.r.t payment of tax or return.
Detailed business audit of registered dealers based on specified economiccriteria on random basis proposed in
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Chhattisgarh
Amendment to Vat Act
Machineries for fly-ash based industries, poultry and bee-keeping proposed to betaxed @ 5%
Exemption from payment of tax given to battery operated electric car and old cars.
Lantern, Deferasirox Drug, Nail polish, Blocks and paving blocks made from fly-ash,
sanitary napkins are exempt from tax for a period from April 2012 to March 2013. Iron and Steel used for manufacturing tube and pipes to be taxed @ 2%
(All the above proposals are to be effective from 1st April 2012)
EntryTax
Motor vehicle for use of disabled person exempt from whole of tax Iron ore & coal are to be taxed @ 0.5% only against declaration form appended
along with the notification.
(All the above proposals are to be effective from 1st April 2012)
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Delhi
VAT Amendment
Mandatory Tax period of registered dealers having turnover not exceeding 10lacs & turnover from 10 lacs - 50 lacs is yearly and six monthly respectively.
Due date of payment of tax for these dealers was 28 days from the end of thequarter.
The revised due date for payment of tax of tax for yearly and six monthly returndealers is 21 days from end of the quarter as per Notification issued.
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State Budget Proposals 2012 in VAT, CST and ET
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Goa
AmendmentstoVATAct
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Sr.no. Description of goods Present VATrate
ProposedVAT rate
1 Aerated & carbonated non-alcoholic beverages
12.5% 20%
2 IMFL 20% 22%
3 Textile fabrics Nil 5%
4 Naphtha 12.5% 15%
5 Cigarettes including raw
Tobacco
20% 22%
6 Gensets 12.5% 5%
(All the above proposals are to be effective from 1st April 2012)
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Goa
New Entries In schedule B ( VAT@ 5%)
158) Goods utilized in execution of works contract.
(159) Diesel Generator Sets &
(160) Fabrics of all kinds including sarees but excluding handloom fabrics.
In schedule C the existing rates are revised as under :-
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Sr.no.
Description of goods Present VATrate
Proposed VATrate
1 Aviation spirit, turbine fuel, Gas 22% 12.5%
2 Foreign liquor & beer 20% 22%3 Indian liquor & beer 20% 22%
4 Tobacco, manufacture tobacco& products
20% 22%
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Goa
Following new entries inserted in Schedule C
Goods Tax Rate
(10A) Naphtha used as raw material by chemical
fertilizer industry.
15%
Entry 22 Aerated and carbonated non-alcoholic
beverages
20%
Entry 23 cooked fast food 20%
Entry 24 potato& other chips, Namkin packed 20%
Entry 25 Light motor vehicles costing above 15 lacs 15%Entry 26 Two wheelers costing above 2 lacs 15%(All the above proposals are to be effective from 1st April 2012)
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Goa
In schedule E: Limits of Turnover and tax rate revised as under :-
(All the above proposals are to be effective from 1st April 2012)
Serial number BeforeBudgetT.O Limit Composition
Tax rate
AfterBudget2012T.O limit
CompositionTax rate
(1) Liquor in packed bottles 80 lacs 1% 100 lacs 0.50%
(2) Reseller of liquor inpacked bottles
80 lacs 2.5% 100 lacs 1%
(3) Hotels including servingfast food
80 lacs 5% 100 lacs 5%
(4) Hotel including bar &restaurant
80 lacs 8% 100 lacs 8%
(5) Works contractor 80 lacs 4% 100 lacs 3%
(6) Sale of cooked food 10 lacs 10,000 per year 20 lacks 15,000per year
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Gujarat
Amendments to VAT Act
New items added to the exemption list from payment of whole of tax.
Medical implants, aquatic feed are some of the products
Tax exceeding 5% exempted on specific goods. Hardware fittings for doorsand windows, e-bikes, sanitary pads, helmet, yogurt and tools meant fortailor and barber included in this category.
(All the above proposals are to be effective from 1st April 2012)
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HimachalPradesh
CST Amendment Form of return substituted under rule 7 of the Central Sales Tax Rule, 1970.
Goods manufactured in Himachal Pradesh and sold interstate to Railwaysshall be exempted from payment of tax if the Dealer submits certificate inForm R, to the assessing authority. This Form has to be signed by authorisedofficer of the Railways.
Amendments to Entry Tax Act
In scheduleI new entry 53 inserted in respect of newsprint used for printingof news papers.
In schedule-II entry no.9 has been substituted by the following
(All the above proposals are to be effective from 1st April 2012)
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Sr.No Goods Tax Rate9 a)Waste material & scraps of all types
b)Non-ferrous metal / scrap thereof2%0.25%
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Jammu & Kashmir
Amendments to VAT Act
In Schedule A following entries are inserted (Attract Nil rate)
6-A. Bio-fertilizers and micro nutrients.
9-A. Chemical fertilizers.
10-A Desk-top, laptop and palm-top computers, computer peripherals i.e. pen
drives, blank CDs, DVDs, memory cards, memory chips, headphones,computer cleaning kits, electronic diaries, keyboards, mouses and modems.
14-B. LPG for domestic use. 15-A. Electric Blankets. 21-A. Fungicides.
Entry No: 34 (Paddy, Rice, Wheat, Pulses, Floor, Atta, Maida, Suji & Besan)shall continue to be in Schedule 'A' till 31-03-2013.
40-B. Officer Stationery items (adhesives, gums, glues, adhesive solutions,wax, paper envelopes, pencils, crayons, highlighters, erasers, sharpeners,pencil boxes and takhti).
(All the above proposals are to be effective from 1st April 2012)
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Jammu & Kashmir
In Schedule A-I specified goods attracting "25% shall now attract VAT @30%
In Schedule B following entries are inserted (Attract 1%)
Third proviso inserted "Provided that the job works, executed by registeredindustrial units on behalf of other registered industrial units, shall be exemptfrom tax".
Entry 12 amended as for levy of VAT on service tax to include"Commercial/professional training and coaching services, provided by privateeducational institutions, except the services provided by IT Institutes, ITcoaching Centers and IT educational Institutions"
Entry 14 amended as 'Insurance services, except those which coveragriculture and horticulture crops and all types of cattle wealth, includinginfrastructure of dairy, poultry, sheep, goats, bird units and fish farms"
Entry 21. Security and Placement Services Entry 22. Pandal and Shamiana Services Entry 23. Annual Maintenance Contracts
(All the above proposals are to be effective from 1st April 2012)
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Jammu & Kashmir
In Schedule C following entries are inserted (Attract 5%) Entry 38 (Chemical fertilizers & pesticides) omitted
Entry 73 the word "Computers" shall be omitted
Entry142 "Crayons and Pencil Sharpeners" shall be omitted
Sub-entry 187 (computer system, peripherals & electronic diaries)omitted
DVD & CD omitted from sub- entry 195
In Schedule D-I following entries are inserted (Attract 13.5%)
Entry 37 (Computer cleaning kit) omitted.
Entry 41 (cooking Gas) omitted.
In Schedule D-II following entries are inserted
Goods taxable at 25% shall be taxable at 30%.
(All the above proposals are to be effective from 1st April 2012)
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Jammu & Kashmir
Provisions Added to JK VAT Rules 2005 In Rule 8-A, second proviso added specifying that the dealers involved in the
execution of works contracts, in whose case tax is deducted at source, shallnot be required to pay renewal fee and registration.
In Rule 14-B, second proviso added that dealers, involved in the execution ofworks contracts, where tax is deducted at source, the requirement of
furnishing the security shall be waived off. In Rule 72, it is clarified that Clearance certificate for contractors & supplies
shall be valid for one financial year.
(All the above proposals are to be effective from 1st April 2012)
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Jammu & Kashmir
Amendments to Entry Tax Act
All Power generation and transmission equipment, building material andconstruction equipment, imported for the construction of mini hydel projectsby the private sector under the Independent Power Producers (IPP), theScientific equipment, critical chemicals and reagents, used by the researchand development institutions of the Central or the State Government areexempted from payment of entry tax.
(All the above proposals are to be effective from 1st April 2012)
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Karnataka
CST Amendments CST rate on sale of dry chilies enhanced from 1% to 2%.
Amendments to VAT Act
Exemption from VAT for FY 2012-13 to the following goods
1. Paddy, Rice and Wheat.
2. Pulses
3. Flour and Soji of Rice & Wheat and Maida of wheat
4.Braille watches
Tax reduced from 14% to 5%
1. Ready to cook chapathi and parota
2 .Surgical footwear. And Black boards
3.Works contract by manufacture of readymade garments andembroidery work
4 .Naphtha
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Karnataka
Amendment to VAT ActTax reduced from 5% to 2%
Un-ginned raw cotton.
Dry chillies including cut chillies, spent chillies and chilly seeds
Other relief
VAT at 5% levied on beedies and on HDPE and other plastic woven fabrics.
VAT reduced on diesel from 18% to 16.75%
VAT on High Flash High speed Diesel sold to foreign going vessels from 18%to 1%
VAT exempted on sale to fishermen.(limited to 1,25,000 kilo liters)
Government and Sales Tax Department empowered to notify goods for whichtransit pass has to be mandatorily obtained
The Details of goods and transit pass to be notified in website made mandatorybefore the exit of the goods from the State
(All the above proposals are to be effective from 1st April 2012)
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Kerala
Amendments to VAT Act
All the above proposals are to be effective from 1st April 2012)
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Description of goods Previous VAT rate Present VAT rate
Cigarettes and similarproducts
12.5% 15%
Pan Masala 20% 22.5%Plastic Bags 12.5% 20%
Foreign Liquor 6% 10%
Crusher Metal 12.5% 13.5%
Cattle feed Nil 4%
Tamarind seed 4% Nil
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Kerala
Description of goods Previous VAT rate Present VAT rate
Container food item 12.5% 5%
Ayurvedic products under druglicense 12.5% 5%
Cradles 4% 5%
Packaged Tender Coconut 12.5% 5%
Pulses, chilli, coriander, flour etc 4% 1%
(All the above proposals are to be effective from 1st April 2012)
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MadhyaPradesh
VAT Rule Amendments
New turnover threshold and condition introduced to trigger registrationrequirement
1) 5 lacs, if the dealer import goods into the state.
2) 10 Lacs for dealers not imports goods into the state
Dealers in Diesel, Petrol, Electrical Energy, Natural gas, Tendu Leaves andTimber cannot opt for compounding of Tax.
Turnover and tax enhanced to 60 lacs and thirty thousand respectively, fordealers opting for Compounding of Tax. (The previous limit was 25 lacs and Rs10000/- respectively)
A time period of 30 days is fixed for the officer to grant permission to the dealerwho opts for compounding
Furnishing Challan in Form 26 or e-receipt of Form in 26-A, made mandatoryrequirement for registration
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MadhyaPradesh
A dealer has to obtain permission from the VAT authorities for grant ofregistration. This condition shall not be required to be followed in case of adealer who is availing concessions under the industrial policy of the State ofMadhya Pradesh as a manufacturer
A penalty of Rs 500/- for default of breach of rules under this act is imposed
The Commercial Tax Officer can now assess a the dealer who has turnover upto 25 crores. The previous limit was Rs 10 crores only.
Commercial Tax Officer has been granted the power to Compound offencesunder MPVAT Act
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MadhyaPradesh
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MP VAT Act stipulates that a dealer has obtain permission to theregistering authority for grant of registration. This condition shall notbe required to be followed in case of a dealer who is availingconcessions under the industrial policy of the State of MadhyaPradesh as a manufacturer.
The fee for transit pass in Form 49 for transport of notified goods
out of the commercial check post of the state is increased from Rs200/- to Rs 500/-
The commercial tax officer is empowered to withhold issuance ofform 49, if the dealer is in default of payment of tax or returns underthe VAT, CST or Entry tax Act. In case of defaulting dealers, who arepermitted to pay tax in installments, the Commissioner may issue a
the forms in such quantities as deemed fit The validity of Form 49 issued electronically shall be valid for 30
days
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Maharashtra
Amendments to VAT Act
A new facility of ECS for refund payments introduced
C forms to be issued in Electronic Form, is being accepted in principal
Government ready with I.T infrastructure for Goods and service Tax
transition. Likely to be tested w.e.f 1st
August 2012 Late filing fee Rs 5000/ made mandatory before uploading of returns
Adjournment exceeding three times is to be taken up for next hearingonly on the payment of 15% of the disputed tax or 15 crores whicheveris lower
3 years limit imposed on resolving DDQs Pendency of preservation of books of accounts increased from 3 years
to 8 years
(All the above proposals are to be effective from 1st April 2012)
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Maharashtra
Purchase tax to be levied on Cotton and oil seeds purchase from URD
WCT TDS by Unregistered contractors increased from 4% to 5%
2% increase for petrol cars and Jeeps. Diesel cars and Jeeps to 4%
Motor Vehicle Tax on new Vehicles with CNG kit fitted by the manufacturerhas been reduced by 2%
Battery operated vehicles fully exempt
Motor Vehicle Tax on new Vehicles with CNG kit fitted by the manufacturerhas been reduced by 2%
Battery operated vehicles fully exempt
Amendments to Entry Tax Act:
Entry tax on Natural Gas imposed @ 12.5%
( All the above proposals are to be effective from 1st April 2012)
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Maharashtra
Description of goods Previous VAT rate Present VAT rate
Furnishing cloth Nil 5%
Beedis and unmanufactured tobacco Nil 12.5%
LPG gas Nil 12.5%
Plaster of Paris Nil 5%
Aviation Turbine Fuel 4% 5%
Cashew Nuts 12.5% 5%
Cotton yarn 5% 2%
VAT rate changes
( All the above proposals are to be effective from 1st April 2012)
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Maharashtra
Description of goods Previous VAT rate Present VAT rate
Cotton yarn 5% 2%
Poultry Machineries 12.5% 5%
Semi processed vegetarian foodssold in sealed containers or frozenfood
12.5% 5%
Adult diapers, sanitary Napkins,raincoats, safety helmets
12.5% 5%
Mollasses 5% 12.5%
VAT rate changes
( All the above proposals are to be effective from 1st April 2012)
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Maharashtra
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Amendment to Maharashtra Profession Tax Act The maximum number of years for which a defaulting dealer registered
under the Act can be assessed for pre-registration period will be 8years
A late fee of Rs 1000/- per return introduced for late filing of returns.This will be in addition to penalty which can be levied under the Act
A dealer has been given permission to revise his returns byamendment in Section 6
Amendment to Entry tax on Motor Vehicles Assessing authority has been assigned the powers of appellate
authority under the Act.
Levy of ET on Motor vehicle also extended to consumption of motorvehicles also in addition to their use and sale in Maharashtra
Electronic filing of return and e-payment to be introduced shortly
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Maharashtra
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Amendment to Entry tax on Goods
Tax rates for Entry tax on specified goods, were earlier mentioned in the rateschedule mentioned under Entry tax on goods
Now the rates of Entry tax on specified goods as per fates under in Schedule Dof the VAT Act which are taxable at 20% or greater
Amendment to VAT Act The term Motor spirit is specifically defined and mean High speed diesel oil,
Aviation Turbine fuel Duty paid or bonded, Aviation Gasoline - Duty paid orbonded, petrol
The term Petroleum products is defined and mean superior Kerosene oil, LPG,Furnace oil, Naphta and low sulpher heavy stock
Purchase tax also included within the ambit of VAT.
Incidence of tax was based on sales turnover alone. Now sales and purchaseturnover are included in order to ascertain the turnover limit by which a dealeris liable to get registered under the Act.
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Maharashtra
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Amendment to VAT Act
Purchase tax introduced on purchase of cotton. (New Section 6A inserted).
Purchase tax introduced on purchase of oil seeds. (New Section 6B).
New insertions in sales and purchase not liable to tax
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Punjab
Amendments to VAT Act
In Schedule A- tax free goods, entry 33, has been substituted to excludespecific liquor licenses (L-1, L-1A and L1B)
Entry of Molasses In goods taxable @ 5% is omitted
Rule 15A inserted which deals with the ascertainment Gross Turnover forIMFL and Beer which has been deleted from Schedule A namely (L-1, L-1A
and L1B)
( All the above proposals are to be effective from 1st April 2012)
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Rajasthan
Amendment to VAT Act
Composition scheme of payment of tax - new notifications supersede thenotification in 2006
Rates of 1.5% and 2.5% withdrawn and replaced by 1% for dealers inexecution of Works Contract
Electronic payment mandatory for dealers having tax liability of Rs 1 Lac Sanitary napkins of free days brand, waste paper and plant and machinery
used in generation of electricity from non conventional sources like solar, wind,
Bios mass shall attract Nil rate
New entries namely Tent, Tripal and Automobile bodies and ATM taxed at 5%
Tax exceeding 5% reduced on sale of wood glue to registered dealersmanufacturing handicrafts
Goods taxable at special rates revised as under
( All the above proposals are to be effective from 1st April 2012)
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Rajasthan
Schedule VII Goods taxable at special rates, revised as under
Amendments in Entry Tax Entry tax enhanced on Explosives to 10% and Yarn to 5%
( All the above proposals are to be effective from 1st April 2012)
Description of Goods Previous rate New rate
Tobacco and its products 40 50
Petrol 28 26
Pan Masala 40 50
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Rajasthan
CST Amendments
A dealer in default of payment of tax or return can be assessed by theassessing authority to the best of his judgment
The assessing authority can reduce the time limit of 30 days, which is availableto the dealer for payment of tax as per best judgment assessment
No assessment order can be passed after completion of 9 months from the endof the period for which the dealer is required to submit return or Audit report
Penalty proceedings can be imposed by any officer who is not below the rankof Assistant Commercial Officer
( All the above proposals are to be effective from 1st April 2012)
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Rajasthan
Entry Tax Amendments
Provisions relating to revision of returns substituted
Best Judgment assessment if revised return not submitted
Time limit for filing revised returns reduced from 3 year to 2 years
A dealer who has filed Annual return within the prescribed time shall be
deemed to have been assessed for that year. E payment introduced
New Forms has been introduced pertaining to the payment, Annual return,notice for assessment and demand notice, in place of earlier ones
( All the above proposals are to be effective from 1st April 2012)
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TamilNadu
Amendment to VAT Tax
( All the above proposals are to be effective from 1st April 2012)
Description of Goods Previousrate
New Rate
Wheat 2% Nil
Oats 5% Nil
E-Bikes 14.5% 5%
CFL 14.5% 5%
Insulin 14.5% 5%
Splints and veneer 14.5% 5%
Adult and baby diapers 14.5% 5%
Hand made locks 14.5% Nil
Feeding bottles and nipples 5% Nil
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TamilNadu
Amendment to VAT Tax
The exemption granted to dealers of vegetable oil having turnover upto 50crores is withdrawn. These dealers shall now pay tax @ 5%
To tax liquor @ 14.5% at the second and third point of sales
( All the above proposals are to be effective from 1st April 2012)
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WestBengal
Amendment to CST Act Dealers defaulting in submission of declaration forms shall be granted an
additional time of 21 days from the date of assessment to avoid further litigationand enable recovery
Specific exemption from payment of tax given to dealers vide notification issued
earlier, now extended by one year till 31st
day of March 2013
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WestBengal
Entry Tax on Entry of Goods into Local Areas Act, 2012 Entry taxed (ET) becomes operational w.e.f 1st April 2012
Tax rate shall be 1% on value of goods
All dealers under the VAT Act importing goods through way bill will be deemedto be registered under the Act. No separate application for registration required.
Monthly payment of tax and quarterly returns to be filed online. Assessment shall be deemed to be completed for dealers who are regular in
payment of tax and return
Self declaration and self assessment of Tax
VAT Amendments
VAT on sales turnover reduced from 4% to 2% in case of URD dealersvoluntarily opting for registration and making upfront payment of tax
( All proposals are w.e.f 1st April 2012)
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WestBengal
WB Entry Tax Act continued ET not payable on those goods in the following circumstances
1) on those goods passing through West Bengal on its way to otherstates.
2) Export out of the territory of India
3) if the goods are non taxable in the state and when goods exit the Stateafter entry without value addition
No collection of tax at check post
Exemption from ET extends to agricultural implements and produce, petrol &diesel, chemicals and pesticides, LPG, books and Tea
ET is leviable on all items in Schedule C, taxable @ 5%, other than the items
mentioned above
( All proposals are w.e.f 1st April 2012)
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WestBengal
Entry Tax on Entry of Goods into Local Areas Act, 2012 Entry taxed (ET) becomes operational w.e.f 1st April 2012
Tax rate shall be 1% on value of goods
All dealers under the VAT Act importing goods through way bill will be deemedto be registered under the Act. No separate application for registrationrequired.
Monthly payment of Tax and Quarterly returns to be filed online.
Assessment shall be deemed to be completed for Dealers who are regular inpayment of tax and return
Self declaration and self assessment of Tax.
All administrative offices and officials constituted under the WBVAT Act shall
be deemed to have been setup under the WB Entry Tax on Goods Act, 2012
( All proposals are w.e.f 1st April 2012)
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WestBengal
WB Entry Tax Act continued ET not payable on those goods in the following circumstances
1) on those goods passing through West Bengal on its way to other states.
2) Export out of the territory of India
3) if the goods are non taxable in the state and when goods exit the State
after entry without value addition. No collection of Tax at Check post.
Exemption from ET extends to Agricultural implements and produce, petrol &diesel, chemicals and pesticides, LPG, books and Tea.
ET is leviable on all items in Schedule C, taxable @ 5%, other than the itemsmentioned above.
( All proposals are w.e.f 1st April 2012)
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WestBengal
VAT Amendments VAT on sales turnover reduced from 4% to 2% in case of URD dealers
voluntarily opting for registration and making upfront payment of tax.
Entry Tax Amendments
All administrative offices and officials constituted under the WBVAT Act shall be
deemed to have been setup under the WB Entry Tax on Goods Act, 2012.CST Amendments
Specific exemption from payment of tax given to dealers vide notification issuedearlier, now extended by one year till 31st day of March 2013.
( All proposals are w.e.f 1st April 2012)
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VATchangesin other States
Assam VAT Circular Specified registered dealers who are importing goods into the State, are
required to make their VAT payments through e-payment mode starting from 1stApril 2002
Silvassa VAT Circular
Mandatory online filing of C-Forms w.e.f 1st April 201
No manual application of C Forms after 1st April 2012
Concerned officer shall approve C forms online
Dealer can take printout of the approved C forms from the system
Chhattisgarh CST Amendments
Online application of F Forms are also made mandatory
Jammu & Kashmir VAT Updates New Forms for quarterly and annual returns introduced in place of the earlier
forms vide notification. Previous Form 11 and Form 11A replaced
( All proposals are w.e.f 1st April 2012)
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Disclaimer
The material and information contained herein, prepared by M.V Kini & Co, is intended toprovide general information on a particular subject or subjects; it is not an exhaustivetreatment of such subject(s) and accordingly not intended to constitute professional adviceor services.
The information contained herein and circulated to any person is on the basis of specificrequest for such information received by M.V Kini & Co. from that person. This in itself is not
intended to or does not constitute any invitation or solicitation by M.V Kin & Co., itsAssociates, Employees or other representatives towards providing any legal services
The information contained in this document is not intended to be relied upon as sole basisfor any decision which may affect your business. Before making any decision or taking anyaction that might affect your personal finances or business, you should consult a qualifiedprofessional advisor.
All information and data incorporated in this document is based on the published documents
issued by the respective state Governments in their budget speeches supported byappropriate notifications issued subsequently.
This should not be understood as an opinion or point of view held by the Firm M.V Kini &Co. M.V Kini & Co. shall not be responsible for any loss whatsoever sustained by anyperson who relies on this material.
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Our Contacts
OFFICE Contact Persons Details
Mumbai (Head Office)1st Floor, Bilquees Mansion Mr. Shrikant KamatD.N. Road, Fort, Mumbai 40 001 Mob:+91 98207 84418Phone: +91 2261 2527/28/29 Mail: [email protected]:+91 2261 2530; mail: [email protected]
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Our Contacts
OFFICE Contact Persons Details
HyderabadPlot No. 25/A Suraj Ville Mr. Ram VarmaIndian Airlines Colony Mob: +91 9966 654180Begumpet, Hyderabad 500016 Email: [email protected] : +91 40 27 900989/40 157261Fax: +91 40 27 717375; Mail: [email protected]
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KolkataOffice No. 201, Bata Building Mr. Anjan Chakraborty23A, Roy Street, Kolkata- 700 016 Mob: +91 9903 180372Phone : +91 33 40 697019/ 20 Mail:[email protected]: +91 33 40 617096; Mail: [email protected]
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