Party A is a govt organisation. Party B(private party) has done painting and repairing work for party A. Party B raises bii as
Material 2100
Total bill 4490
Now Party A made payment to Party B after deducting TDS and Vat
VAT 4% 180/-
TDS 1% 45/-
Party B 4265/-(4490-180-45)
My question is
1) Is it the right way of deducting vat? Whether party A is liable to deduct vat,If party B is not registered under VAT (turnover<5 lakhs)? Party A said he is deducting vat on behalf of Party B and deposit vat in govt a/c
2) Whether Tds is to be deducted and on what amount?

what are the necessary documents required for conversion of VAT rate from 14% to 4% can anybody help in this matter

Hi Experts,

We have a buyer, who has registered under the Karnataka VAT and CST Act but they use to send the purchased materials to Hyderabad for further processing of goods. The Buyer wants us to delivery the material to hyderabad directly and bill it on Cst 2% against form C. Can we bill to local Buyer with local TIN details and mention the hyderabad dealer as consignee and charge Cst 2% against Form C? Please provide me the details about the correct procedure to do the same.

Thanks!

In Vat there is a point tat Vat is neutral because it does nt interfere the choice of decision.
Hw can u tll tis? It obvi Increases the Value of product wic will Ultimately effect the decision of a Consumer

how to feed vat on sales and purchase entries in tally9.

Hi Sir,
we are into the manufacturing of Formulation of Cancer products.Actually we purchased second hand BMW car from individual person for our MD.later we sold the same to another person.
my point is are we liable to pay tax for that second hand car.
please advise me.

can i get set off of VAT on purchase of office equipment,printing & stationery,plant & machinery??

Hi Everyone can you please suggest me about claiming Input Tax Credit of A.C. & Computer used in the Office. My Company is operating in the Mfg. as well as Trading activity. If my Co. is eligible then How Much amount can be claimed(Any Reduction etc.).
Please give your answer from Maharashtra VAT view point.

Dear Experts,
A material purchased for a sale after some fabrication process in the factory.
Whether VAT input credit availed (Taminadu vat ACT)on such raw materials need to be reversed if said materials were not sold and lying as a stock for more than 4 or 5 years.

pls guide me.

Dear Sir / Madam, I am into business of personalised gifting. Currently, I have got an order from a company (manufacturer of steel utensils) who wishes to sell thier tiffin boxes in one of my product (tiffin bag)
I am not a registered Dealer and have no VAT Reg no.

I want to know how can i go ahead with this transaction? Should i get a tax invoice from my vendor?

My cost price would be 5,00,000 + 12.5% vat and selling cost would be 5,50,000 + 12.5% vat.

Can i give a tax invoice without VAT Tin no?
Can my customer claim set-off vat ?

Waiting for your reply? Thank you for your expert advice.

Vaibhav Dev
vaibhav.dev@gmail.com