Overview

“Intellectual read, factual write Make CTPA a sensible site’’

ASSOCIATION PROFILE & OBJECTIVES :

  With a view to augment the activities in the exclusive field  of commercial taxation in M.P. , the Five promoters laid the foundation stone in the year 1997 to form the Commercial Tax Practitioners Association, Indore. Five promoters namely Shri Santosh Molasaria, Shri Arun Maheshwari, Shri Lalit Sarda, Shri Rajesh Jain and Shri Ameet Dave laid down the foundation stone in the year 1997.

 We are proud to say that ahead of our peers, during this short span of our journey, we set several mile stones whether it be concerned with the unique Ladder system of election, or News Letter of the association, or Study circle meetings, or Seminars etc.. Our Association is a member of State Level Advisory Committee of Commercial Tax, Madhya Pradesh headed by Finance Minister.

 Needless to say that information technology now-a-days is a wider, faster and diversified source of information and communication with just a touch of Screen. This web site has been designed and developed to nourish the knowledge of not only our members but of the society at large in respect of Commercial taxation viz VAT, Entry Tax, Central Sales Tax, Entertainment Tax, Professional Tax and so on.

 This web site therefore ensures to bring the latest notifications, amendments, material on hand in the field of Commercial Taxation  and also to provide professional expertise,to a act as parallel bar between department and the members and to provide an atmosphere of harmony.

A TOUR TO VAT ACT :

Taxes on Sales and purchases of goods has been one of the most suitable mode of government revenue since olden days. For the purpose, The Indian Sale of Goods Act, 1930 was formulated. Later on The Government of Indian Act, 1935 wherein the definition of “Sale” was adopted which authorized the State Government to levy taxes on Sale of Goods. State of Madhya Pradesh was formed in 1956 and it adopted old sales tax laws in one form or other prevailing at that time. The Constitution of India,vide entry No.54, List II in Schedule VII empowered State Legislatures to enact a law for levying tax on sales and purchases of goods within Madhya Pradesh.

Resultantly, Madhya Pradesh General Sales tax Act, 1958 came into force from zero hour (midnight) on 1-4-1959 vide Notification No. 622-1856-V-SR dated 21-3-1959. Then Madhya Pradesh Commercial tax Act, 1994 w.e.f. 1-4-1995 in place of MPGST Act. The journey did not end here, as the most awaited Act known as Madhya Pradesh VAT Act, 2002 came in the Fifty Third Year of the Republic of India w.e.f. 1-4-2006 replacing the old act and further it is waiting to handover batten to the GST.

It goes on the saying that “intelligent man learns from his mistakes but a wise man learns from the mistake of others’’. That the motto we capitulate our members of CTPA.