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Anonymous
23 November 2014 at 16:33

Mvat requirements ?

I am sorry to ask a easiest question but i have not did any MVAT compliances during my articles. Please help me

I want to take registration of MVAT for an individual,
What is the procedure for MVAT registration ?
when I will get refund or credit of deposit made with department ?

What are the Demand Drafts requirement ?

If a person suppllying clothes as per SCHOOL's requirement whether VAT shall be charged, any exemption or not ?

what is the MVAT audit limit ?

can you please help me urgently ?


raj Sharma
22 November 2014 at 23:54

Regarding vat chargeable or not.

sir. mere friend ko ak bank ne car purchase kr ke office use k lea dee thi. kuch time pahle 2yr back but ab mera friend vanha se resign kr k jaa raha he or bank se vo bol raha k ye car m purchase kr naaa chahata huu. bank vo car mere friend ko sale bhee kr raha he but bank ye bol raha he kii aap ko IS PR VAT BHEE DENA PADEGA .sir jab bank ne vo car dealer se buy kii hogi to vo to already VAt pay kr chukaa hoga to kya ab mere friend ko vat pay krna he agar haa to kyu or naahi to kaise please sir reply n car ki koi bhee value assume kr skte he pahle or ab k lea as example .... You need to be the querist or approved CAclub expert to take part in this query .


preet prakash
22 November 2014 at 17:52

Professional tax in mh

Hi All
It's a Pvt. ltd.Co.the co. is giving salary on mothly basis to a director, do i have Register for him under PTEC or can pay his PT under PTRC, other directors they have their own PTEC no.some are saying yes, some r saying no.???????????
thnx
priya


Haider Naqvi
22 November 2014 at 17:20

On which value form c should we receive ?

Dear All,
My Company makes cst sale invoice in below format to each party:-

Value of cost of product
Excise 12%
Edu Cess 3%
SH Edu 1%
Cst 2%
Carriage outward xyz amount
Service tax on carriage 3%
Edu cess on Service tax 2%
Senior & Higher Edu 1%
= total value of Bill.
I want to know on which value should I receive form C, because some parties issue form c on total bill some issue after excluding carriage+service tax+edu+she, when i ask resion, they reply it as according to rule of sales tax. kindly clarify it.



Anonymous
22 November 2014 at 15:45

Vat & cst

Hello sir,
I have undertaken a franchise of a solar company from Andhra Pradesh. I do business in Odisha. I paid CST of 5%. Will i get a refund of 3% after producing Form C?

Do i have to add 5% VAT on the selling price?

What other taxes do i have to pay?

VAT on inverter/ups is 5%, and on battery is 13.5%. But if ups and baterry are sold together, will the VAT be 5% on the total?


rakesh
22 November 2014 at 15:28

Difference between vat & cenvat

what is the difference between vat & cenvat?


ankit doshi

Dear All,
One asseessee got register under MVAT Act on 10/03/2014. He deals in Tax free Product.
My Query is:
1) while filing return for Q-4 data of Full quarter to be given or only for the period 10/03/2014 to 31/03/2014
2) Do he is liable to get his accounts audited if his turnover during the year is more than 1 cr in tax free product.


Annu
21 November 2014 at 14:17

Indirect tax

Hello everyone,can anybody tell me what is the difference between VAT and CENVAT(apart from their respective operational levels like-VAT operates at State level and CENVAT operates at central level)?


Tamanna Mahajan
20 November 2014 at 12:16

Vat on discounted mrp

If the MRP of a good is RS 60 and it is being sold at Rs 50 what are the implications of VAT?
Does Vat have to be charged from the customer and if yes at 50 or 60?
Kindly answer with reference to DVAT



Anonymous

Hello

We have a bakery company registered in Aligarh and have all sales tax registrations and tin number. It is registered under my name. Now I want to begin with a trading company as well but with a different name. Can I begin it under the existing bakery company that is already registered?

If not is there any other way because registering another company would take a long time!

Thanks






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