Dear Sir,
Our company is coming under works contract in Tamilnadu VAT.. One of our client has been deducted VAT TDS of our payments in the period of last year (2013 – 2014) which they remitted to govt. They have not intimated for the deduction is VAT TDS and not issued any Form R & Form T copies.

Recently in the current year when I do reconcile with the books of client we found a discrepancy that is VAT TDS value…. Now that client is sent hardcopy of Form R & Form T which they already made payment to govt in the last year itself…

My doubt is whether I can adjust Form T in the current year of VAT Monthly Return…

Pls help me in this regard….

DEAR SIR,
ANYONE CAN EXPLAIN ME HOW TO GENERATE FORM - H...?

IT IS MANDATORY THAT FORM H IS TO BE ENDORSED BY THE CUSTOM AUTHORITY...?

Dear all,




plz let me know whether VAT paid on sales can claim as a expenditure for payment of Income Tax .

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??