The Pros and Cons of Value-Added Tax (VAT) Introduction Value-Added Tax (VAT) is a consumption-based tax levied on the value added at each stage of the supply chain. It is widely used by governments worldwide as a significant source of […]

All about VAT on Transfer of Assets Introduction The transfer of assets is a common occurrence in business transactions. The transfer of assets can take many forms, including the sale of assets, the transfer of ownership, or the transfer of […]

Important Parts of New VAT Audit Form – 704  Introduction In the realm of taxation, regular audits play a crucial role in ensuring compliance and transparency. For businesses operating under the Sales Tax Act, it is essential to understand the […]

Process to file E-application for MVAT Registration Introduction The Maharashtra Value Added Tax Act, 2002 (MVAT) imposes a tax on the sale of goods in the state of Maharashtra. Under this act, it is mandatory for dealers to electronically apply […]