Dear Expert,

Can you please clarify below point.

-we got a letter from sales tax office for CST assessment and they are asking previous CST assessment copy.

-is it VAT Audit Form VAT - 312 and CST assessment copy are same OR not.

Thanks
Venkatesh

wht meaning of composition dealers ?

give me 1 example

exactly what meaning composition dealer?
how is diffrent from regular dealers?

and pls give me 1 example

domino's pizzas charging service tax ...that's legally because of ac hotels/restaurants... but why they also charging "VAT" also??? ON what basis they charge???

Dear All,

If there is a head office in bangalore & there is a need to transfer stock from head office to branch office (say may be hyderabad Branch)

What are the Form Procedures involved in it as per KVAT Act 2003?

Please guide how it will be affecting Monthly VAT Return?

Regards,
Jordan

Hi friends
my query regarding export sale which date consider for vat returns purpose when goods export out of india shipping bill date ( control copy) or when I prepared invoice & packing list
pls reply
thanks in advance

Can any body explain the procedure to filing the Dvat Return Online??

ABC Private Limited is manufacturing unit situated in Karnataka, engaged in the business of manufacturing of HDPE Mono filament Net (Mosquito Net). During the period 2012-13, HDPE Mono filament Net was brought under tax rate @5% wef 01-04-2012 and same continued till 31-07-2012 ( 4 months). wef 01-08-2012 said commodity(HDPE Mono filament net i.e.Mosquito Net) was exempted from tax.
During the period 01-04-2012 till 31-07-2012 dealer collected out put vat on his sales and also paid Input Vat on his purchase of raw material to be consumed in production of Mosquito Net, and in the Return of Turnover paid the tax to department after taking into considering output and input vat.
From the period 01-08-2012 till 31-03-2013 dealer did not collected any tax on his sale as the Mosquito Net was declared as exempted. The Raw material purchased suffered the tax at the hands of supplier. The dealer did not availed any input vat credit in his return of turnover from 01-08-2012 to 31-03-2013.(since commodity was declared exempted wef 01-08-2012. Dealer shown his input vat credit as disallowed).
Now my question is 1) How to arrive at ineligible input vat credit for the year 2012-2013, since from April to July 2012, Mosquito net is taxable @5% and wef Aug 2012 till March 2013 is declared exempted commodity. 2)Whether it is correct to pay his tax dues to department after taking into considering the INPUT and OUTPUT VAT from the period April 2012 to July 2012. 3)The dealer completely disallowed and did not avail any INPUT VAT CREDIT from the period August 2012 till March 2013.
Now my request to learned friends to guide me as whether Dealer is correct as he had paid taxes as per normal business practice for the period April 2012 to July 2012 and did not availed any INPUT VAT CREDIT for the period August 2012 to March 2013 since commodity was declared as exempted. Now please guide me as to how prepare FORM VAT 240 (AUDITED ANNUAL STATEMENT),how to mention ineligible input vat credit under partial rebate of INPUT VAT CREDIT.
Guidance in this critical matter is required at the earliest.
You are kindly requested to send me your valuable opinion on my email id 1)hsmotiwala@gmail.com and 2) motiwala2@hotmail.com.
With warm regards,
MOTIWALA HAROON SATTAR, BANGALORE.

sir what current vat rate in karnataka

sir vat only applicable in state level or which allso central level

incase we divered goods from karnataka to another state CST applicable, right sir?

Dear Experts,

We made a sales invoice in Scrap sales we collect the TCS and we make the payment every month 7th of subsequent month. my clarrification is
1) TCS amount added to turnover or not? if it add which place we shown exact?
2) TCS amount how to rebate claim? please clarrifi?