About VAT Please urgent
This query is : Resolved
vykunta vasu
(Querist)
20 September 2008
our company(new company) deals with hardware of computers.
recently we purchase a new 20 pcs (pondichary). including exise duty.same pc i was seal here with 4% vat.how can i file the vat
*How can i file VAT
*that is VAT or CST,how much i payable tax i.e 4% r 2%
* some one said that i have to fill the C form
* What is link of C Form AND VAT
Kindly please help me.
recently we purchase a new 20 pcs (pondichary). including exise duty.same pc i was seal here with 4% vat.how can i file the vat
*How can i file VAT
*that is VAT or CST,how much i payable tax i.e 4% r 2%
* some one said that i have to fill the C form
* What is link of C Form AND VAT
Kindly please help me.
CA. O.P. Agarwalla
(Expert)
22 September 2008
Which State?
For filing VAT return, at first u will have to get your self regd. under local VAT Act.
If you have sold the goods within your State (If the sale is not made in course of inter state trade & commerce), it is a local sell and will attract VAT.
If u have puchased goods from other state and have taken the benefit of concessional rate of taxes (i.e. 2%) you are ought to submit C form to your supplier.
Further more, being you are a new business unit it is always advisable to get service opf professionals. Some time little knowledge may cause u great loss.
For filing VAT return, at first u will have to get your self regd. under local VAT Act.
If you have sold the goods within your State (If the sale is not made in course of inter state trade & commerce), it is a local sell and will attract VAT.
If u have puchased goods from other state and have taken the benefit of concessional rate of taxes (i.e. 2%) you are ought to submit C form to your supplier.
Further more, being you are a new business unit it is always advisable to get service opf professionals. Some time little knowledge may cause u great loss.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
