by Audit Analyst | Jan 20, 2026 | Value Added Tax
VAT Notifications VAT notifications were official circulars, orders, or amendments issued by state governments under their VAT Acts They defined or modified the rate of tax, exemptions, classifications, filing procedures, or documentation norms Such notifications had...
by Audit Analyst | Jan 20, 2026 | Value Added Tax
Purpose and Scope of VAT Settlement Schemes Settlement schemes are offered by state governments to resolve pending VAT disputes, assessments, and appeals They aim to reduce litigation, clear backlogs, and help both taxpayers and the state to conclude old cases These...
by Audit Analyst | Jan 20, 2026 | Value Added Tax
Meaning of Residual VAT Laws Post-GST Residual VAT laws refer to the continuing legal provisions of State VAT Acts that apply to pre-GST transactions These laws remain active to handle pending assessments, appeals, audits, refunds, and recoveries for periods before...
by Audit Analyst | Jan 20, 2026 | Value Added Tax
Understanding the Nature of Post-GST VAT Liabilities VAT liabilities may surface after GST due to pending assessments, audits, or errors in pre-GST returns These liabilities pertain strictly to transactions up to 30th June 2017, governed by the respective State VAT...
by Audit Analyst | Jan 20, 2026 | Value Added Tax
Meaning of Statute of Limitation in VAT Law The statute of limitation refers to the maximum time limit within which VAT assessments or reassessments can be initiated by the tax authority It sets a legal boundary for the department to issue notices, conduct audits, or...
