FINANCE BILL

FINANCE BILL NO 18 OF 2016
https://drive.google.com/file/d/0B1rRav-P4-8JbXRMMURwTUFuM0U/view?usp=sharing

BUDGET HIGHLIGHTS 2016-2017

BUDGET HIGHLIGHTS 2016-2017

https://drive.google.com/file/d/0B1rRav-P4-8JRXhueFJVeVlZUU0/view?usp=sharing

E-PAYMENT UNDER GVAT

Gujarat Commercial Tax department has issued a circular dated 06.01.2016 making e-payment of Gujarat VAT mandatory for those traders whose total amount payable (tax, interest and penalty) is equal or more than  Rs.50,000.00 ( Rupees Fifty Thousand) in any one tax period. This is effective for all those tax payments, including interest and penalty, required to be made for the month of December 2015 or Quarter ending on 31st December 2015, i.e. up to 22.01.2016 and also for all such amounts payable for all the tax periods there after.

Copy of the circular:
https://drive.google.com/file/d/0B1rRav-P4-8JMkN6eGVpSnF5Sm8/view?usp=sharing

How the e-payment is  made?
Explained in the link below through snap shots:
https://drive.google.com/open?id=0B1rRav-P4-8JbUdIUXpUZ2h1Wjg

Courtesy: CA. Kamlesh Sandanshiv

                                              Partner

                       Vinay Kaushik & Co.

                     Chartered Accountants