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Rajkumar Hudati
02 November 2007 at 16:47

Relation between WCT & VAT

Which is the governing ACt of Works Contract Act and what is the relation between WCT & VAT?


puja
01 November 2007 at 13:02

VAT Audit Report

I would like to know last date of submitting VAT Audit report.


Lakshmi
01 November 2007 at 10:47

Due Date under MVAT

I would like to know the last date for submission of VAT audit report under the MVAT Act.


Rajkumar Hudati

Hi all,
How Works Contract Tax will appear in the bill of Works Contractor with respect to different provision of VAT Act and also subject to different practical situation?
Plz clear the concept with example, if possible.


Pritam Kumar
28 October 2007 at 14:09

VAT on used Cars

If an Employee buys the Car as per the company lease and Company paid the entire amount through cheque including taxes, VAT etc which was being deducted from the Employee salary on a monthly basis and spreaded across three years.

If the Employee wishes to leave the Company in the same financial year and the Car has to be transferred to the Employee name, could you please confirm if the Employee need to pay the VAT (or any other tax) again and if yes, on what amount?


sanjeev shrivastava
25 October 2007 at 17:29

vat refund

What are the conditions for vat refund in case of exporters ?


Deepak Sharma
22 October 2007 at 12:40

Tax Benefits in Goa, Daman&diu

I want to know about all tax benefits in Goa, Daman & Diu for a Polymer (Plastics) Company


bkishwar

Does the Jharkhand Vat act allows deduction against Works Contract on account of Exps against Labour, Transportation, Gross Profit.
What is the due date of Filing of audit report under Jharkhand vat Act.If not filed what will be the consequences,


Anand Solanki
19 October 2007 at 23:01

Work Contract Tax in Maharashtra

Suppose a company (A Ltd.) which is a service oriented company gives a contract to a contractor (B Ltd.) for interior work of a newly acquired premises. Total contract value is 1.5 crores. The contractor charges 12.5% on 80% of the contract value and service tax on 20% of the value. Company (A Ltd.) deducts TDS on contract under income tax act. Do company (A Ltd.) needs to deduct TDS under section 31 of MVAT, 2005 on payment made to contractor (B Ltd.). If yes, then on what amount it needs to deduct TDS under MVAT.


Rakesh T.R.
18 October 2007 at 20:24

pricing of goods

Is there is any mandatory condition for the traders to keep their GP ratio as prescribed by Sales Tax authorities(if Any)under KVAT ?
Can a Trader Sell his product below the purchase price? or is it necessary for him to keep a particular Value addition at the stage where he operates ?