treatment of vat on purchase of fixed assets

I have taken the formula for CST Reversal as:
ITC * CST Sales/Total Sales * 3/5 or 3/14.5

1) My query is whether Formula is correct?
2) Whether the Total sales includes consignment sales (shown as exempted sales in Form I) or we have to separately calculate CST reversal for consignment sales?
3) If calculated separately then what will be the formula
Please solve this query as soon as possible

Dear Sir,
Please tell me turnover applicability for VAT-Audit.

Thanks

While uploading annexure on the site there is shown error that cannot be proceesing Contact to help desk no. I have tried to call them on 1800110066 but it is continously busy from last two to three days.Please suggest me is there any other helpline number? so,that i can contact them & resolve my quarry.

Thanks in advance

Dear All,
Can ITC be claimed on local purchase for interstate sales without C form(i.e to end user) under Pondicherry VAT? I am aware that ITC cannot be claimed in such cases under Tamilnadu VAT but is it the same in Pondicherry, Karnataka or Andhra pradesh? We are a wholesaler of Consumer durables in Pondicherry and are looking to sell to customers in other states using online marketplace platforms (Flipkart etc.). Kindly give your valuable advise and suggestions.

selling cotton yarn in cone form is taxable in Maharashtra, while if trader purchases from out of Maharashtra and converts into hank form is trader liable to pay tax on sale of yarn in banks form. Tax on sale of yarn in banks form is exempt in Maharashtra. please reply.

Is vat chargeable on the gross amount of bill i.e. inclusive of service charges or it is exclusive of service charge?
For e.g.:
Food Rs. 100/-
Service Charge@5% Rs. 05/-
Sub -total Rs. 105/-
M.P. Vat@5%(on 100 or 105) Rs. 5.25/-
Service Tax@4.944% Rs. 5.1912/-
Total Rs. 115.4412/-

I have generated the Form C and now i found some mistakes. How can I rectify the mistakes?
Can I revise the return after the Generation of C Form? Will i get the rectified Form C after revise the return?
Kindly help.

"It is said that VAT does not interfere with the decision of purchase".
However input tax credit is not available for inter state purchase or purchase from a registered dealer.
So is the statements in "" correct or not? And if correct, please give your reasons.

Hi,

We are purchsing sandle at MRP. 139/- & he giving discount of 18.5% & charging MVAT @ 12.5%.
My question is that VAT will be applicabe on the MRP or not. Because MRP includes all the taxes and above that no price can be added.

Regards,

Amit