We are Maharashtra dealer and purchased goods from Haryana, same has been entered in our books under 0% VAT (Non-Creditable Purchases).

Is it correct to account in 0% VAT or we have to file CST Return?

मै ये जानना चाहता हू की उत्तर प्रदेश में वैट टैक्स इनवॉइस पर कौन -२ सिग्नेचर कर सकता है | क्या सिग्नेचर विभाग में अपडेट करना होता है |

मै कंपनी में अकाउंटेंट के पद पर कार्यरत हू लेकिन मेरा सिग्नेचर विभाग में अपडेट नहीं है क्या मै टैक्स इनवॉइस पर सिग्नेचर कर सकता हूँ |

1) B(Trader) is a Sole Distributor of A(Importer).
2) A sells 100% of imports to B & pays MVAT on such sale

Now -
A wants to takeover the the entire business of B under SLUMP SALE. Assets of B includes Inventory (Purchases from A) on which A has already paid the MVAT. So in future when A will sell the such Inventory then A will have to pay MVAT again on the same goods.

So my Questions are -

1) Is there any provision under MVAT which covers above situation ?

2) Whether A can take back the ENTIRE inventory as SALES RETURN to avoid double taxation? (As Agreement between A & B provide for return)

Please Clarify

Dear Sir/Madam,

With regards to the above subject matter please grant me your valuable time to explain the procedure of applying for online C-Form.

Regards,

Sanjay Maurya

"A" is a seller in Rajasthan, "B" is the customer of A in Ahmedabad, "C" is the ultimate buyer in Ahmedabad. "A" raises an invoice by keeping "B" as the "Buyer" and "C" as the "Consignee". A charges 2% CST in the invoice. This is an E-1 transaction u/s 6(2) of CST Act. "B" raises a commercial invoice on "C" selling the goods by without adding any profit and charging any tax(subsequent sale is exempt). All formalities of E-1, C form and transfer of LR [u/s 3(b)] has been done between the parties. My question is: The CST paid is the cost of "B" or "C" ? Who will record the CST charged? "B" or "C"? Can "B" recover the amout of CST paid by him from "C" by charging the same amount of CST in the invoice of Basic Cost issued by him to "C"?

we are 100% EOU in maharashtra and not liable to pay sales tax hence forgot to file Nil halfyearly return, so what amount of penalty levied on us.

i want to ask that whether sports goods are exempted or taxable under up vat act.

Dear Sir,

We are sending gifts like sweets , chocolates, etc out site India. Receiving orders from E commerce website through courier. Will this will be considered as export sale.
Kindly confirm Vat on these sale and un registered/ registered dealers purchase.

Sir

What is the difference btw CST and VAT and where are they applicable?


Thanks and Regards

Is MVAT audit due date for FY 13-14 15/01/2015?

Kindly confirm.
Thanks
CA N Konkar