by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction Goods-in-transit refer to the movement of goods from one location to another, especially across state borders, during which ownership and tax liability need careful documentation. Under the Value Added Tax (VAT) regime, the treatment of goods-in-transit...
by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction Bundled sales involve the supply of two or more goods or services together for a single price. Under the Value Added Tax (VAT) regime, the applicability of tax on such bundled transactions was based on whether the bundled items were naturally bundled or...
by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction Promotional schemes are widely used by businesses to boost sales and market visibility. Under the Value Added Tax (VAT) regime, the treatment of such schemes was not only commercial but also regulatory, especially concerning tax liability. VAT...
by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction The composition scheme under the VAT regime was a simplified taxation option designed for small traders and dealers with a lower annual turnover. Its primary aim was to reduce the compliance burden on small businesses by allowing them to pay tax at a...
by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction State-level VAT (Value Added Tax) enforcement in India was established to ensure the effective collection, compliance, and administration of VAT by state governments. Although VAT has now been subsumed by the Goods and Services Tax (GST), its enforcement...
