THE KERALA VALUE ADDED TAX ACT, 2003 {UPDATION UPTO FINANCE ACT 2010} An Act to consolidate and amend the law relating to the levy of tax on the sale or purchase of goods…
8/26/2010 ISSUES ON VAT AUDIT –KARNATAKA AND RECENT AMENDMENTS MADE. CA. Sanjay M Dhariwal KVAT AUDIT Total Turnover- Rs. 40 lakh for FY 2009-2010/60…
Slide 1 Slide 2 Under VAT net tax payable by a registered dealer for a tax period shall be calculated as: T = (O+R+P)-I Where – T is net Tax payable; O is amount of output…
Value Added Tax Presented By : Anand Sham Chandak. Background To remove problems in old tax structure of - Cascading effect Double taxation of commodities Multiplicity of…