https://www.taxtmi.com/article/detailed?id=6083 The note proposes procedural reforms-invoice level linkage to resolve Mismatch assessments, relaxation or abolition of Form T 2, elimination of hard copy DVAT 56 and WCT certificate filings, automated returns and portal registers-and legal amendments including recalibration of late filing fees, clarification and optional use of valuation percentages under Rule 3(2), revision of works contract taxation and composition thresholds, extended objection timelines for mismatch assessments, and statutory protection for bona fide purchasers to preserve Input Tax Credit when selling dealers default. en-us Tue, 24 Feb 2015 05:42:44 +0530 Tue, 24 Feb 2015 05:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6083 The note proposes procedural reforms-invoice level linkage to resolve Mismatch assessments, relaxation or abolition of Form T 2, elimination of hard copy DVAT 56 and WCT certificate filings, automated returns and portal registers-and legal amendments including recalibration of late filing fees, clarification and optional use of valuation percentages under Rule 3(2), revision of works contract taxation and composition thresholds, extended objection timelines for mismatch assessments, and statutory protection for bona fide purchasers to preserve Input Tax Credit when selling dealers default. Articles Value Added Tax - VAT and CST Tue, 24 Feb 2015 05:42:44 +0530 https://www.taxtmi.com/article/detailed?id=6083