SAVE FIRST, SPEND NEXT Every man expects that he should not dependent upon anybody to meet their needs. For this purpose he has to plan for savings to meet unforeseen events, immediate needs, medium period and long term needs. Also everybody expects that their family members, children should not face financial problems in future. To […]
Read MoreDescription: CCT’s. Ref.No.D2/164/2010, Dated: 19-11-2010 Check posts – Issuing – Certain Instructions – Regarding. Henceforth such goods should not be detained if they are brought for personal use by individuals (other than traders) provided that they are covered by the address proof of the purchasers. The address proof may be in the form of Driving […]
Read MoreDescription: NOTIFICATION CO No. 14 CCTs Ref.AIII (1)/29/2010. Dt.07-05-2011. Now it is decided to make e-filing of monthly VAT and CST returns compulsory for all the dealers in the State in addition to the C.T. Divisions, already notified under Rule 23 (12) of the APVAT Rules, 2005. However, the dealers can […]
Read MoreDescription: A.R. Com/18/2011. Dated: 16-05-2011. Ref: 1) CCt’s Ref. No: PMT/P & L/A.R.Com/2005, Dated 13-04-05. A harmonious reading of these two provisions clearly indicates that transport of any goods should be covered by a way bill and also a sale bill or delivery note. In case, the transport is in pursuance of a concluded […]
Read MoreAppellants. M/s. Santhoshi Matha saw mill timber & furniture works, Hunter road, Warangal. Vs. Respondent: The state of Andhra Pradesh. The assessing authority levied penalty at 5 times to the tax due. Contended that the assessment was completed U/s 14 (1) of the Act, therefore the penalty levied by the assessing authority U/s 14 […]
Read MoreDescription: ( Under section 67 of AP VAT Act, 2005 ) Ref : 1) CCt’s Ref.No: PMT/P & L/A.R.Com /2005, Dated :13.04.2011. Therefore it is clarified that the waybill should necessarily accompany with the goods vehicle, transporting the IMFL to APBCL or any other similar place. Source: Trade and Taxes volume no 18. Part […]
Read MoreDescription: Where a plant has to assembled, erected and attached to the earth by a foundation it is not capable of being sold as it is, without anything more, and does not constitute “goods”(Quality steel tubes (P) Ltd. V. collector of central Excise U.P; Mittal Engineering works (P) Ltd .V. collector of central excise , […]
Read MoreDescription: The High Court of Andhra Pradesh in between Sri Panduranga Rice mill Contractors Co., Gudlavalleru, Krishna Dist. Vs State of Andhra Pradesh reported in (24 APSTJ 247) observed and held as follows: “ The powers of revision under section 20 of the APGST Act cannot be exercised for the second time. Source : Trade […]
Read MoreTribunal Appeal No.537/2006. Description: Tribunal Appeal No.537/2006. Thursday, The 3rd Day of March, 2011. Appellants : M/s Amar Raja Powder Systems, private limited, Karakambadi. Respondent : The State of Andhra Pradesh. The deputy Commissioner proposed to revise, and issued pre revision show cause notice. The assessee submitted reply of objection. After considering the objections, […]
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