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


CA Anshul Sharma
19 November 2014 at 18:12

Stock transfer

As I mentioned in the subject, my query is related to the stock transfer. presently our organisation has 9 units all over India. all of them are regularly dealing in stock transfer with each other. generally two types of stock transfer are going on in our organisation :- 1) stock of raw material transferred as it is to our other unit. 2) stock of finished goods transferred after doing work on the raw material. now, my query is as follows :- 1) whether both the abovementioned cases are covered in the definition of stock transfer in cst act,1956? 2) whether form - F is required to be issued for both the cases?



Anonymous
19 November 2014 at 15:20

Local body tax vasai

We a manufacturing unit in Vasai. We purchase 80% of our raw materials outside Vasai municipality and 20% from local ( Vasai - VAT and LBT registered) dealers. We do not sell anything in Vasai municipality. Our customers are located outside Vasai municipality.

1. Do we still have to pay LBT?

2. Do we get any rebate or set-off?



Anonymous

PURCHASES LIKE STATIONARY, ELECTRICITY APPLIANCES,FUEL, ETC
WILL THE ABOVE PURCHASES BE ALLOWED INPUT TAX CREDIT IN CASE OF HOTEL BUSINESS
PLEASE REPLY FAST.
I AM FACING THE SAME PROBLEM IN MY AUDIT AND NO ONE IS HERE TO GUIDE ME


KUSH WADHWA
19 November 2014 at 13:16

Cst conditions

I want to know that I made a purchase from other state. vendor has calculated cst 12.50% & 5% both on invoice. so it is possible to charge both the taxes in one invoice? if yes so what should be conditions of doing this.


ganeshan k
19 November 2014 at 11:54

Central sales tax act

Dear Expert,
The Interstate sale is covered under The Central Sales Tax Act, 1956. The rate of tax is 2% against Form C otherwise the maximum rate of tax prevailing in the selling state for that product. kindly clarify in which section the said provision is mentioned.
I would like to request for your expert view.
thanks





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