Important changes in Tamilnadu VAT Return in Form I -New Annexure V – Closing Stock Inventory has to be filed along with the return w.e.f 01.11.2013. G.O Ms.No.137 dt 31.10.2013.
Date of filing of audited Form WW Annual Return is extended upto 31.12.2013.
Amendment in Section 19 to reverse ITC for interstate sales/transfers with and without declaration forms.
VAT Act 28/2013 (Fifth amendment Act) dt 08.11.2013 published in TN Gazette dt 08.11.13.
“Rebate of tax” granted by the State Government to cement manufacturing units using fly-ash as raw-material in a unit established in U.P alone, is violative of the provisions contained in articles 301 and 304(a) of the Constitution of India... State of U.P and others Vs Jaiprakash Associates Ltd - 2013 65 VST 423 (SC).
Turmeric and Turmeric powder and Coriander and Coriander powder are one and the same. Therefore powder form of turmeric and coriander are entitled to the benefit of exemption as before... Nazareth Foods (P) Ltd., Vs Asst Commr (CT), Chennai - 2013 65 VST 227 (Madras HC).
A transaction transferring right to use trademark is subject to sales tax... Vital Departmental Stores & Industries Ltd vs State of Tamil Nadu - 2013 VIL 94 MAD.
When the purchaser of the goods is exempted, the sales tax cannot be collected from the selling dealer... Vijaya lakshmi Enterprises Vs State of AP - 2013 65 VST 347 (AP HC).
VAT credit not eligible on payment for purchase of goods made by adjustment of debit entries against credit entries... Ajith Kumar Mundra vs CTO - 2013 VIL 89 CAL.
Commission agent procuring orders for goods not liable to pay sales tax as he is not a 'dealer'... Commr. Commercial Tax vs NK Poduval & Co - 2013 TIOL 885 HC Kerala CT.