News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« VAT (Value Added Tax) »
 1 step forward, 2 steps back. Is GST going the VAT way?
 1 step forward, 2 steps back. Is GST going the VAT way?
 Pending VAT comes to haunt companies claiming input tax credit
 One-time settlement of VAT, excise disputes in the works
 Haryana government uploads photos of VAT defaulters
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help

How does VAT work?
June, 29th 2009

How exactly does the VAT work? How is it different from the sales tax system earlier and in what way will the GST be a clearer and more uniform structure in the future?

A lot of the discussion of the upcoming budget has centered around the value added tax and whether the budget will feature any mention of a future goods and services tax or GST regime.

But exactly how does the VAT work? How is it different from the sales tax system earlier and in what way will the GST be a clearer and more uniform structure in the future?

To answer these questions we have with us Supriya Jain, a senior manager at KPMGs indirect tax division.

As always if you want anything explained on Just to Clarify, please do write in at samanth.s@livemint.com

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting