Again two challan forms for VAT payment under Punjab VAT Act, 2005

0 comments Monday, October 15, 2012

 It is for the information of all concerned readers of blog that for VAT payment under Punjab VAT Act, 2005 two challans are required to be filled up. One is VAT-2 and other is VAT-2A. Earlier only one consolidated challan i.e VAT-2 was introduced in suppression of the three challans i.e VAT-2, VAT-2A and VAT-2B w.e.f 14-12-2011. It was a relief for the common taxpayer after the introduction of one consolidated challan in form VAT-2.
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AO must apply his mind before disposing off stay application


Delhi High Court in an important case namely Virgin Mobile India (P.) Ltd. v. Assistant Commissioner of  Income tax has held that while disposing off the stay application of an assessee the assesseing officer must apply his mind and should dispose not outrightly reject the stay application without reasons.

It is generally seen that stay applications are rejected by assessing officers in a mechanical manner. Even  no reasons are given while disposing off the stay applications. The AOs while disposing off stay applications just try to safeguard the interests of revenue and they dont try to see the hardship being caused to assessees if the stay application is rejected. This judgement is a good one to cite before AOs during the hearing of stay applications.
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Due date of Service tax return for April-June-2012 extended to 25-11-2012


Due date for filing of service tax returns for the period 
01-04-2012 to 30-06-2012 has been extended from 25-10-2012 to 

Rule 7 of the Service Tax Rules, 1994 - Returns - Extension of time to file return in form ST3

ORDER NO. 3/2012 [F.No.137/99/2011-ST], dated 15-10-2012
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