Telangana VAT - Regarding Transport of sensitive commodities.

VAT Act, 2005 – VAT Act 2005 and CST Act 1956 – Mandatory usage of e-waybills by VAT dealers –Issuing of certain instructions.

VAT Act, 2005 – VAT Act 2005 and CST Act 1956 – Mandatory usage of e-waybills by VAT dealers –Issuing of certain instructions.

VAT Act, 2005 – VAT Audits – Issuance of certain audit parameters - Regarding.

VAT Act 2005 – VAT Registrations-eRegistration-DIPP,GOI Action Points on ease of Doing Business-certain instructions issued- Regarding.

TVAT Act, 2005 – VAT Registrations - Computer based Inspections (Advisory visits) - DIPP, GOI Action Points on ease of Doing Business - Certain Revised instructions issued – Regarding.

AP Tax on Professions, Trades, Callings and Employments Act, 1987 - PT Registrations - Online registration facility - DIPP, GOI Action Points on ease of Doing Business - Certain instructions issued – Regarding.

Input Tax Credit declared in the return in Form VAT 200 for May 2014 to be availed by the dealers in the return in Form VAT 200 for June 2014

Excess Input Tax Credit or net Credit Carried Forwarded (NCCF) as on the Appointed date – Apportionment between the two successor states

eWaybills for inter state movement of incoming and outgoing goods vehicles- Exemption of mandatory usage of eWaybills to PSU Oil Companies

Modification of Registration Process

Check posts-Data entry in GIS module-certain changes made - Instructions issued

Waybills-certain hyper sensitive commodities-CDSC not to issue waybills to dealers dealing in these commodities-certain Instructions issued

Offences under the Act-Composition of Offences under sec 61(1) of the Act

VAT & TOT registrations-Dealers liable to be registered under the Act Not registered- Street Survey programme to be issued

Administration - Works Contracts - Tax Deduction at Source - Tax Collection at Source - Procedures to be followed by the Contractee, the Contractor and the Department, from 01/01/2006 onwards explained

APVAT Act - Guidelines Issued to improve the compliance levels and to prevent the leakage of revenue.

Rate of tax - All VAT dealers referred under section 4 (9) are liable to pay tax at the revised rate of 12.5% on 60% of the taxable turnover and are eligible to claim Input Tax Credit on eligible inputs.

Interpretation of Schedule entries - Schedule IV Entry 52 – Meaning of "Made Ups" clarified to include any processing done to textiles subsequent to production through power looms as and no AED is attracted subsequent to the production of cloth from the power looms.

Interpretation of Schedule entries - Schedule I Entry 21 – Meaning of "goods produced from handlooms" clarified to include only products coming out of handlooms. Any cloth produced from power looms and processed at a subsequent stage, out of a power loom by some zari work or hand work etc., shall be liable to tax @ 4%.

Input Tax Credit – Section 13 – Rule 20 - Coal Used for Steam Generation – Input tax credit eligible where steam generation is for purposes other than generation of power. Where steam is used for generation of power input tax credit is restricted.

Seizure and Confiscation of Goods – Section 45(6), 45(7)(b) – Rule 56(1)(a),(56)(2) – Form 610 – Form 610 is to be used for detention of goods. Since no form prescribed for seizure and Confiscation, a notice quoting provisions of the Act to be issued.

Forms – Form of Notice where no form prescribed – Assessing officer to issue a notice quoting relevant provisions of the VAT Act and Rules.

Works Contract - Composition of Tax - Residential Apartments - Rule 17(4) – Tax at 1% to be paid on consideration received or receivable or market value for stamp duty, whichever is higher.

Works Contract - Tax Deduction at Source - Residential Apartments - Rule 17(4) – TDS is to be effected at the time of registration. DD for TDS to be handed over to the registrar who would forward the receipts weekly to the respective assessing officers.