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"Value Added Tax" (VAT) is a tax on value addition and a multi point tax, which is levied at every stage of sale. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases.
Registration required if:
- If turnover exceeds Rs10 lakhs in the Year preceding this act or Current year.
- Liable to pay tax or is registered under CST act , 1956.
- Dealer who imports goods for selling any goods into Delhi , has to get himself registered. {Not required to register if dealing in goods mentioned in first schedule i.e. Exempt Goods}
Services we provide are:
- Indirect Tax Advisory
- Rendering assistance in registration under VAT.
- Assistance in claiming input tax credit.
- Assistance in furnishing tax returns and claiming refunds.
- Advice on the legal aspects of VAT.
- Rendering advice on the wide range of issues in relation to tax invoices and retails invoices.
- Internal Audit and Compliance Reviews.
- Helping with audit of accounts necessary for a registered dealer.
- Representation for Assessments and other proceedings.
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Central Sales Tax Act is a peculiar Act - though the tax is levied as Central Sales Tax, it is administered by respective State Governments.
Central Sale Tax is an imposition of tax on sale that takes place in the course of inter state trade and commerce.
A sale or purchase of goods shall be deemed to take place in the course of inter state trade or commerce if:
- There is movement of goods from one state to another, or
- It is effected by transfer of documents of title during their movement from one state to another.
Every Dealer liable to pay Central Sales Tax (i.e. the dealer who effects inter-state sales) has to register himself with sales tax authority.
Services we provide are:
- Registration & Cancellation under CST Act
- Recovery of tax from third parties
- Periodic Returns
- Assessment, provisional assessment and reassessment
- Legal advisory as per CST Tax Laws.
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