Representation prepared on behalf of Jalandhar Sales Tax Bar on the issue of retention of ITC on closing stock

0 comments Sunday, September 28, 2014
I along with the President of Jalandhar Taxation Bar  have prepared and written a representation on behalf of Jalandhar Taxation Bar submitted to AETC, Jalandhar II, DETC, Jalandhar Division, ETC, Punjab and Additional ETC, Punjab. This representation is mainly on the issue of retention of ITC on closing stock in case of exporters by the Designated Officers at Jalandhar relying upon section 18(2) of Punjab VAT Act, 2005.
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CAs/CSs are not capable of arguing/ deciding Substantial Questions Of Law

0 comments Thursday, September 25, 2014
The Full Bench of the Supreme Court had to consider whether the National Tax Tribunals Act, 2005, which sought to take away the jurisdiction of the High Courts in tax matters was constitutional. The Full Bench has struck down the entire Act as being unconstitutional on the ground that though “tribunalization” has been allowed subject to safeguards, the NTT Act “crosses the boundary” and “encroaches the exclusive domain” of the High Courts. 
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Paper Board notified for the purpose of E-ICC and E-Trip-some interesting analysis

0 comments Friday, September 12, 2014
The Punjab Excise and Taxation Department has notified Paper Board sold by manufacturers in the State of Punjab for the purpose of E-ICC and E-TRIP under Rule 64-A and Rule 64-B of Punjab VAT Rules, 2005.
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Punjab monthly VAT return Form 16 can now be filed online

0 comments Wednesday, September 10, 2014
The Punjab Excise and Taxation Department has issued a public notice, stating the filing of the monthly return of VAT-16, with effect from September 1, can be done online.
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