my client has received a big order from sez delhi for manufaturing the machinary my client will mfg the machinary and will sell to delhi cient in sez unit against CST Nil against form I. i want to inquire whether he will be fully eligible for setoff of vat for local purchase made if not how much reduction in setoff to be made for such vat leveid on local purchase in maharashtra.
I have received a notice for an appeal/review filed by me against the Assessment Order for the year 1980-81 passed by AA/Ward ____and has requested me to appear before him tomorrow. I do not remember anything about such appeal/review filed by me. The firm surrendered its certificate on July'2001.
The notice mentions Ex-parte judgement on default of non- appearance
Notice is dated 17/09/2009 and served on 23/09/09 for hearing before JC on 24/09/09.
Is the notice legally valid even after 30 years.
What can I do?
mr.A,a dealer with annual gross turnover of Rs.2,00,000.He has not opted for composition scheme.he is not a registered dealer too.
mr.A deals in purchase & sale of goods.
will he be allowed to set off his input tax against output tax?
can he further transfer input tax credit to any further registered dealer,who purchases good from him?
Dear Sirs,
Can Cement,steel & Febrication Business Owner will take Lumpsum VAT System or they must have to take Regular VAT System ?
Pls give me any GOVT File or Link
Thanks in Advance
What are the key provisions of E 1 & E 2 trasactions and what forms to be exchnaged for such transactions
Will C.A.'s mandatory Certified Annual Return on FORM VAT 20 amount to having fulfilled the requirements of mandatory VAT audit for dealer having T.O. +50Lacs p.a. and to be treated as subsitute to presribed VAT AUDIT REPORT on Form 22A or 22B.
DEAR SIR/ MADAM
AN ASSESSEE PURCHASED FROM VAT DEALER AND SAME STOCK SOLD OUT OF STATE IN THIS CASE
1. ASSESSEE IS BROUGHT FORWARD OF VAT INPUT IN BALANCE SHEET (OR)
2. VAT INPUT SHOWN IN P&L A/C.
3. CST 2% AND CST 4% IS SET OF WITH VAT INPUT A/C
PLEASE TELL
THANKS IN ADVANCE
DEAR SIR/ MADAM
AN ASSESSEE PURCHASES FORM VAT DEALER AND THIS PURCHASES SOLD OUT OF STATE AND HE WAS COLLECTING 2% CST AT THE TIME OF SALES
AT THIS SITUATION HE IS BROUGHT FOR WARD VAT INPUT IN BALANCE SHEET AND CST PAYABLE TO GOVT SHOWN IN B.S.
OR
VAT DEBITED TO P&L AND CST PAYABLE TO GOVT SHOWN IN B.S.
OR
CST IS DEDUCTED IN VAT INPUT A/C
WHAT IS THE CORRECT METHOD. PLEASE TELL ITS VERY URGENT
THANKS IN ADVANCE
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setoff on purchases made for sale to OMS SEZ unit