by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction Under the Value Added Tax (VAT) regime in India, the appeal mechanism served as a vital legal remedy for taxpayers dissatisfied with assessment orders, penalties, or any decisions made by VAT authorities. This structured process allowed businesses to...
by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction The term ‘abatement’ in taxation refers to a partial reduction or exemption in the taxable value of goods or services for the purpose of calculating tax. Under the Value Added Tax (VAT) regime in India, abatement was not a commonly applied feature as it...
by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction Under the Value Added Tax (VAT) regime in India, the VAT liability on goods returned was governed by specific provisions that allowed adjustments to previously paid tax when goods were returned by the buyer. These rules helped ensure that businesses did...
by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction Under the Value Added Tax (VAT) regime in India, the treatment of discounts and promotional offers played an important role in determining the taxable value of goods and the resulting VAT liability. Discounts were commonly offered by businesses to...
by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction The Value Added Tax (VAT) system in India, implemented in 2005, was administered individually by each state government under its own legislation. Although a Model VAT Law provided broad guidelines, significant differences in VAT compliance existed across...
