In case of Capital goods is there any condition to be satisfied for claiming VAT credit as in the case of CENVAT
If we have to claim CENVAT credit for capital goods the following conditions has to be fulfilled
(1) Assesse should not claim depreciation
(2) Capital goods should be received in
the factory gate.
(3)Such Capital goods should not be transfered during the year.

If all the above conditions are satisfied then 50% of the cenvat credit can be claimed in the year of purchase, the balance 50% in the coming year.

Like this for VAT is also there?

What are the returns (monthly, quarterly, half-yearly and yearly)to be filed by the companies and its due dates for the purpose of VAT.
Regards,
Rajesh

EXPERTS FORUM THIS QUERY IS PENDING FROM 13TH JUNE. REQUEST THE EXPERTS TO ANSWER THESE QUERIES

With regards,
Rajesh

Dear Experts,
What are the different rates at which VAT is charged.
(i.e. 1%, 2%, 4%,8% and 12.5%) Is there any other rate as per VAT Act?
Yours Cordially,
Rajesh

Can you guide a simple way of preparing Bank Reconcialiaton statememt with imaginary figures for the month of april. Based on that, balance 11 months will be prepared by me. kindly guide.

plz tell me the basic check list for maintain the a private limited company accounts?

SIR WHTS THE DIFFERENCE BETWEEN ALLOCATION N APPORTIONMENT OF ASSESTS , LIABILITIES, OR COSTS IN ACCOUNTS, CAN U EXPLAIN ME WITH SIMPLE EXAMPLE.,

Dear Sirs,

One of the debtor has disputed for payment of debts due to a company. The matter is in Arbitration. In such an event, I would like to know on what basis the company is required to provide for bad debts? Please explain with reference to Accounting Standard...

Thanks in Advance
Dharmaraju

Sir,

Pls send me Tech. Of make & finalisation of balance sheet & dept. Rate For finaliastion for balance sheet


Thanks

Rs. 100000 @ 8% P.A for 2 yrs

EMi comes to Rs.4523


how can i calulate the amount of interest and amount of pricipal from it by manual method only , ??

Som cheques that were issued to a company were not presented. After how many months should the entry in cash book be reversed so that cash book can be tallied. BRS statement is missing and the balance as per cash book is not clear. what is to be done for the opening bal. of the next year.Are we to recalculate and if there is still any difference what is to be done. kindly guide.