IMPORTANT DATES : > Issue of QuarterlyTDS/TCS certificate for June quarter by non-government deductors & TCS certificates by ALL Collectors : 30/07/2015      > TDS returns for June Quarter for Govt. deductors : 31/07/2015      > Payment & Monthly Return of Maharastra PT (Annual Liability 50000 or more) : 31/07/2015      > Return by Banks for interest upto Rs.10000 for June Quarter : 31/07/2015     
Welcome to Sales Tax Bar Association
Sales Tax was introduced in Delhi in the year 1951 when Bengal Finance Sales Tax Act was extended to the Union Territory of Delhi with effect from 1.11.1951. Initially, there was no formal association of Tax Practitioners in Delhi. Sales Tax Bar Association was registered under the Societies Registration Act, 1860, vide Certificate of Registration No. 1078 of 1956-57 dated 30th March, 1957.
To promote and maintain a high standard of professional brotherhood among the member of the Association. Continue....
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What's New
29/07/2015
Anti dumping duty on Chinese CFL lamps extended
Import cover close to 9 months RBI
RBI might announce liquidity tightening steps
CSR What keeps companies from doing good
Cabinet nod for new Consumer Protection Bill likely today
Sebi mulls uniform fee structure for equity, commex members
28/07/2015
Govt to soon notify a central KYC registry rules
Panel likely to seek more time for land bill review
Trademarks Act apex court dismisses govt appeal
Due Dated of Filing of Online return for 1 Quarter of 2015-16 extended
Law Firms Explore Merger Option with Foreign Players for Growth
27/07/2015
No FDI in multi brand retail EU told
Sebi likely to review norms
Bounced cheque Company need not be accused
GST jitters for corporate India
Labour law recast to add more leave to maternity, gratuity to be made portable
Foreign Investors May Not Be Treated on a Par with Locals
Dont Hijack RBIs Monetary Policy Role
25/07/2015
Black money probe team pulls up Sebi
Detect and penalise shell companies proactively SIT
Draft financial code not last word on veto power
Parliament standoff may delay GST roll out by a yr
What s on the MAT Shah panel report triggers speculation
Disclosure window Govt to issue FAQs as queries pile up
24/07/2015
Sebi mulls new algo norms in two months
FTAs taxes unfavourable forMake in India
Sebi suggests institutional trading platform
E filing of foreign assets scores over physical route
RBI could lose veto on interest rates under new financial code
23/07/2015
Bill With House Panel but Min Frames Rules
Govt extends capital subsidy to electronic products
Rajya Sabha panel for standard GST rate up to 20%
Madhya Pradesh Assembly clears key labour law reforms
EPFO to launch online PF withdrawal facility
Regulators, agencies cast wider net to curb tax manipulation
Startups Balk at RBI Rules
NRIs Can Invest in NPS PFRDA
No Leniency for Blacklisted Foreign cos Defence Panel
Govt may allow automatic FDI in white label ATMs
22/07/2015
Rules on equity forward contracts may be lifted
Labour meet proposes social security schemes for workers
E filing link to declare illegal assets launched
Clarification with regard to circulation & filing of financial statement under relevant provisions of the Companies Act, 2013
E-File your TDS Statement before 31st July,2015 & Issue TDS Certificate before 15th August,2015
Labour Law Recast to Add More Leave to Maternity
GST Compensation to Producing States Proposed at Under 1%
Payments bank licence imminent for India Post
Filing of online return for 1st Quarter of 2015-16-extension of period thereof
The Delhi Value Added Tax (2nd Amendment) Act, 2015
Bill With House Panel but Min Frames Rules
21/07/2015
Select panel arrives at middle ground on GST
Without tax clarity, masala bonds unlikely this year
Irdai tightens norms to check insurance mis selling by banks
Sebi restricts suspended firms from raising funds
Taxpayers can revise IT returns unlimited times
Foreigners may Get Direct Bite of Indian VC PE Funds
Sebi Asks AIFs to Give Full Disclosure on Associates
Draft IPR Policy Under Inter-ministerial Consultation
No changes in foreign investment limits in banking defence Govt
20/07/2015
Centre preparing draft GST legislation
Land acquisition law another solution
GST Govt amenable to full compensation to states for 5 years
RBI likely to hold rate next month
Child labour Bill likely this session
Legal audit firms wage turf war
Tax sops for e payments run into road blocks
Skill could be next fundamental right
SMS for Week ended 18-07-2015
17/07/2015
Maharashtra eyes own land Act
FIPB nod must for Esops to foreign units
Transfer your home loan with a top up
RBI clarifies on foreign institutional investments in security receipts
Govt eases foreign investment rules, banks likely to gain most
Sebi prescribes rules for annulment of trades
Cash withdrawal limit at points of sale may go up
16/07/2015
10 states seek to have their own land laws
Composite foreign investment caps in Cabinet today
Firms get more time to file returns with MCA
Govt reduces EPFO claims settlement period
Avoid these mistakes while filing I T returns
Not Hired Female Director Get Ready to Pay Fine
Govt looks to bring e-commerce companies under competition laws
15/07/2015
For money don’t huddle RBI to banks
NRO Account Without RBI Nod
Service charges in your hotel bills not service tax
Tax dept makes e filing of I T returns easy
14/07/2015
Secondary Market in Tax-free Bonds Springs Back to Life
You can now use one time password to file online ITR
Gas distributors want uniform tax structure
PF Withdrawals may be capped
Relaxation of additional fees & extension of last date of in filing of forms MGT-7 ans AOC-4 under the companies Act, 2013
Sebi raises derivatives contract size to Rs.5 lakh
Exchanges fine companies for not having women directors
13/07/2015
When disclosure is easier said than done
Tax filing for professionals
Arbitrator must follow terms of contract
Deluge of Tax-free Bonds may Leave Less Money for Equity Play
SMS for Week ended 11th July 2015
Sebi to overhaul disclosure norms for better monitoring
CBDT rejigs panel to handle FATCA cases
11/07/2015
MCA NUDGE TO TWEAK RULES ON RELATED PARTY TRANSACTIONS Govt Push May Put Sebi in a Spot
Plea to Roll Back Entertainment Tax
RBI may give payment bank licence to postal dept by September
Small service providers on tax radar
Empanelment of CA firms concurrent audit with UCO Bank for 2015-16
File TDS Statement on time Avoid inconvenience and paying fine
10/07/2015
Retail investors can take MF route for start up IPOs
India US Ink FATCA to Fight Tax Evasion
Online Payment Facility of Application Fees Launched
RBI amends NBFC takeover norms
RBI mulls stricter norms for chronic stressed assets
Sebi should not dilute RPT norms IiAS
Transit operators to issue prepaid mobility cards
09/07/2015
For Financial Info, India & US to Ink FACTA Today
Indo-Mauritius Pact May Lower Tax on Interest Income from Bonds
Sebi Told to Align Related-party Biz Norms with Cos Act
EPFO Looks for Ways to Keep Subscribers in Fold
Sebi seeks PSU compliance on women directors, IDs
Sebi said to have concerns about forward contracts
More ways to block black money
08/07/2015
Minimum Daily Wage Raised to Rs 160
Govt plans big labour reform push in monsoon session
Govt sets up Customs clearance panels at ports
Deadline for Food Act might be extended
07/07/2015
Govt reiterates prospect of steep penalty in black money FAQs
PF Withdrawal May be Capped at 75%
Sebi has power to regulate GDRs SC
Defective income tax returns
06/07/2015
Depositors get some protection if bank fails
Cheque as security should not bounce
Similar brand names different use
SMS for Week ended 04th July 2015
Corporation Bank Launches MUDRA Card
Black Money Rules a Catch 22 Choice
Declare foreign assets online
04/07/2015
Compliance window for black money will draw 60% tax penalty
To improve ease of doing business, CCI amends M&A regulations again
Government notifies rules for asset valuation
New norms for offer for sale bidding
Black Money Undisclosed Foreign Income and assets and imposition of Tax Act 2015
03/07/2015
Blackmoney disclosure to be online
Land Bill GST crucial for development Jaitley
RBI on credit concentration norms
Sebi plans new outsourcing policy for exchanges key entities
02/07/2015
Road map for cutting corporate tax in 45 days
Govt notifies norms for metallic scrap imports
E-filing of I-T Returns Begins
Black money compliance window open till Sept 30
01/07/2015
Push for MSME in Delhi
Employees to disclose source of funds Govt
Central tax panel zeroes in on real estate trickery
Sebi flexes muscles pulls up MFs SMEs
Steps towards better Corporate Governance
Obligation for the Month of July 2015
30/06/2015
RBI to remain open on July 1
Maharashtra argues against Centre's proposed realty Bill
E filing I T dept to send 24 hr valid password
Sebi moves against money laundering in listed SMEs
Delhi govt might increase VAT on petrol fizzy drinks liquor
Companies wary of new secretarial standards
up slow pause speed down
Updated Till : 29/07/2015

 

Bulletin board






03-01-2015 

VAT Deptt is going to re-run verification of 2A & 2B for 4th Qt 2013-14. Get mis match (s) rectified before 16.1.2015 to avoid unnecessary litigation.

01-01-2015

Special Drive for speedy disposal of objections relating to mismatch of 2A & 2B shall continue on 8th , 9th & 10th Jan 2015. 


-          The Department issued a Circular stating that a dealer making Sales exceeding  Rs. 100/= per transaction is mandatory required to issue invoice. Defaulter would be penal ized through special drive w.e.f  22/12/2014.

 

 

-          The dealer has power to upload, edit, correct , addition , deletion of details in DP-1 latest by 31/03/2015. Also  mandatory for all the dealers to Upload signature sheet of the owners and all authorized  signatories in DP-1 latest by 31/03/2015.




15-12-2014
-------------

-          On the suggestion of our BAR the CVAT has principally agreed for mitigating the penalty imposed in 2A2B mismatch upto 80% of unlimited amount. NOW pay tax & interest and avail mitigation of 80% penalty. He further agreed to continue this special drive in second week of January 2015. Members may avail this scheme or may opt to pursue their objection in normal course of Law.

 

 

 

-          On the request of our  BAR the BAR council of Delhi has agreed to organize again the camp on dated 16 december 2014 in the bar premises to update the status of advocate welfare fund. Facility of New Membership application, Dues clearance and acceptance application of the card of BAR Council OF DELHI shall be provided on the spot . Please bring your latest PP Size photograph in full uniform and bar council card or enrolement  certificate.



02-12-2014
-------------
Details of new application uploaded in DVAT Server. Circular available in DVAT Circular section in Library. 

24.11.2014
----------
The Department of trade & Taxes issued Circular No. 18 dated 24-11-2014 ( Available on Sales Tax Bar website at link http://salestaxbar.com/resource/DVAT_Circular.aspx) which is a special drive for disposal of objections related to mismatch cases for the year 2012-13. 



 

CIRCULARS & CLARIFICATIONS ISSUED UNDER DELHI VAT DURING THE YEAR 2014-15 

Subject

Date

Circular / ClarificationNumber 

 

Filing of online return for 2nd quarter of 2014-15 – extension of period thereof.

10-11-2014

16

link of restoration of Registration shall be available with the Assistant Commissioner/AVATO of Zone.

27-10-2014

15

Filing of online return for 2nd quarter of 2014-15- extension of period thereof

22-10-2014

14

Filing of reconciliation return for the year 2013-14.

26-09-2014

13

Regarding waiving off of penalty under the Amnesty Scheme.

11-09-2014

12

Reversal of Input Tax Credit under Section 10 of the DVAT Act, 2004 in respect of Credit Note/Debit Note related to discounts.

08-09-2014

11

Third proviso to section 74(1) of Delhi Value Added Tax Act, 2004 was inserted vide Notification No.F.14(6)/LA-2011/Iclaw/193 dated 28/09/11 which was made effective from 01/10/2011 vide Notification No. No.3(15)Fin.(Rev-I)/2011-12/ssf/113 dated 30/09/2011.

06-09-2014

10

Furnishing of advance information in respect of functions organised in Banquet Halls, Farm houses, Marriage/Party Halls, Hotels and Open Ground etc.

21-08-2014

9

Filing of online return for 1st quarter of 2014-15 – extension of period thereof.

08-08-2014

8

Regarding Amnesty Scheme

05-08-2014

7

Processing of Refund claims

05-08-2014

6

The reconciliation return in CST Form 9

05-08-2014

5

Filing of online return for 1st quarter of 2014-15 – extension of period thereof.

28-07-2014

4

The competent authority had allocated the court work of 2A-2B mismatch to special objection Hearing Authority (SOHA) vide order No. F.III/7/T&T/ Misc. / 2000/Estt./Pt.I/5410-16 dated 31-01-2014

26-06-2014

 

 

F.No. ACIT/2014/ Zone-V/258

Filing of online return for 4th quarter of 2013-14 - extension of period thereof.

28-04-2014

3

For digital signature for online filing of applications/returns etc.

23-04-2014

2

Filing of Return in Form 1 under Central Sales Tax Act, 1956.

15-04-2014

1



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