Indirect Tax

This is a book on the law of sales and on principles of the imposition of sales tax or VAT.

All of us, young or old, rich or poor, enter into transactions related to sale or purchase of goods every day—we purchase when we buy a newspaper, a carton of milk or a motor car. A newspaper vendor sells goods as does the shopkeeper. The book discusses the law on the subject: the right of the seller to receive payment and the right of the buyer to receive goods of the kind and quality he wants. Though the transaction is usually quite straightforward and simple, there are endless variations that arise when goods are to be delivered later, or when the sale is on credit, each of which can create legal problems.

The various legal problems arising in such transactions are fully examined, including: the meaning of ‘goods’ and ‘documents of title’; the distinction between contracts of sale, sales proper, between sales and other relationships resembling sales such as agency and hire purchase; the obligations of the parties relating to the time of delivery and the quality and suitability of goods; the inter se rights of the sellers and the buyers as to when property in the goods and title to the goods passes; the rights and remedies of the unpaid seller and the buyer who has not received the goods in time, or at all, or who has received goods which are not of the kind or quality he had agreed to buy. Auction sales are a special kind of sale and the book discusses the rights of all the parties involved: the seller, the auctioneer, and the auction purchaser.

Virtually, all sales attract sales tax, generally known as VAT, a tax generally imposed in India by the state legislatures. The Constitution regulates and restricts the power of states to levy sales tax. These topics are exhaustively considered in the work as also the concept of ‘deemed sales’, ie, transactions which, in law, are not sales but on which sales tax or VAT can be imposed. The book will be very useful to determine when sales tax or VAT can be levied, though it does not consider the formalities which the seller of goods is required to comply with under the VAT laws.

PITHISARIAS & PITHISARIA'SSERVICE TAX LAW(Issued as companion volumes to the series of Income Tax Law containing Exhaustive Commentary on the Service Tax Law)Fifth Edition 2006-07, as Volume 6(1) & 6(2) The Treatise will prove to be a valuable guide on the subject written with the object of giving a detailed, reliable, authentic and thorough coverage of all the aspects of the law not only about Service Tax provisions but also about applied Central Excise provisions.
CHATURVEDI & PITHISARIA’S Income Tax Law (TRIBUNAL), an eagerly awaited maiden commentary on ITAT decisions/orders is unique in its reliable, detailed, thorough and authentic coverage of law of income-tax and surpasses any comparable book on the subject .No other book includes as many decided decisions/orders of ITAT or sets them out in such detail, or contains more detailed and exhaustive discussion and elaboration of the statutory law of income-tax. A must-keep for the income-tax consulting fraternity, revenue authorities and the academia, the work aims to empower the user with relevant, accurate and most current information in the area with brilliant analysis of the statutory principles and hence, most deservingly, is the “information power house” of income-tax law. The important features are as follows:
  • An attempt has been made to accumulate each and every ITAT decision/order section-wise in 4 Volumes, ie. Vols. 6A(1), 6A(2), 6B & 6C.
  • Vol. 6A (1) contains commentary of sections 1 to 44DB of IT Act, 1961.
  • Vol 6A (2) contains commentary of sections 45 to 80VV of IT Act, 1961
  • Vol. 6B contains commentary of sections 80VVA to 245M of IT Act, 1961.
  • Vol. 6C contains commentary of sections 245N to 298 of IT Act, 1961. This volume also contains the text of (i) IT Rules, 1962, (updated till that very date), (ii) ITAT Rules, 1963 (updated till that very date), (iii) NTT Act, 2005 (updated till that very date).
  • Each volume contains easy-to-find and exhaustive subject index.
  • Each volume contains an alphabetically arranged table of cases.
  • Statutory law has been amended unto 19-8-2009 as per the Finance (No. 2) Act, 2009.
  • Accurate and precise history notes have been provided for tracking statutory changes to the law along with the effective date of change.
  • More than 10,000 ITAT decisions/orders have been meticulously discussed and carefully examined in Vols 6A (1) and 6A (2) highlighting every aspect of the decisions comprehensively and exhaustively.
  • An attempt has also been made to give equivalent citations of various journals for case-laws.

This new companion to the classic and timeless Chaturvedi&Pithisaria series enhances its utility as the Supreme Court, High Court and ITAT decisions have now been presented in one place in a clear and easy-to-understand manner and hence will prove to be very useful, especially, to the Bench, the Bar, the Departmental Authorities, the professionals and everyone concerned with the subject.

The guide captures the law comprehensively with complete legislative history and brief yet precise commentary. It also includes relevant circulars and notifications, and other source materials with appropriate annotations for ready reference.
Arvind Datar: Guide to Central Excise Law & Practice (With Account Practices)