I have purchase flat one year before in Ulwe near Navi Mumbai. Now flat is ready to use, builder asking for VAT & Service Tax on that. I have read that there is exemption available for small purchase area. Total 16 members in new building, have I need to pay both tax in this case?

Myself Rakesh, Accountant at HM Suites & Studios, Bangalore.

First I want to know about Ineligible VAT. Is it applicable when we are purchasing any fuel materials (Gas) from our vendor?

In the month of August, my Gas bill was,
Base Amount: 16355.9
VAT : 2371.61

Then what will be the amount of Ineligible VAT & How much VAT I have to pay, Rs. 2371.61 or 11.5% of 16355.9 i.e 1880.93?

Please inform.

We had delivered some goods in Mizoram by imposing CST. The Party has its registered office in another state (Tamil Nadu). Can we accept the C Form of Tamil Nadu as the party says they will be able to provide us C Form of Tamil Nadu.?
Please suggest

one of our client had vat liability in first half of 2010-11 and refund in second half now how i should adjust the refund against the liability?

Hi everyone,

i have a query.

our company had given a portion of land to a customer for undertaking plantation activities of Eucalyptus. meanwhile, they have observed some standing subabul trees which has some commercial value. therefore, they have sold it off and gave the proceedings to us (sale value-cost incurred by them).

is VAT applicable to this transaction or Service Tax?

Please do reply as early as possible.

Thanks in advance.

Best Regards.

what is the journal entry for vat amount to be paid in next accounting period?

i am a trader of plyboard in shimla
i want to purchase plywood from the manufacturer in yamuna nagar ,haryana
and sale it again directly from yamuna nagar to delhi. i know transit sale applied on this transaction.
i want to know how e1 form sale follow and how i issue invoice in the favor of delhi party?
and during the goods physical movement which type of invoice is issued?
kindly also tell me if i issue the invoice directly to the delhi party from yamuna nagar is this invoice is legal

if i purchase the Goods Costing Rs.100+VAT Rs.5 .Total Invoice Value is Rs.105.The entry as below :
Purchase A/c Dr.100
VAT A/c Dr. 5
To Party A/c 105

Now if i receive discount or Scheme discount or turnover discount of Rs.10. What would be the entry for the same ? There is any effect on VAT or not ???

Hi,
As per AP Commercial Tax Dept, CST@5% is applicable on Copy right. My query is whether C form can be obtained and tax charged CST@2%

Dear Experts,

We are making sales invoice from Mumbai (Maharashtra).

Buyer is in Gujarat. But Consignee is in Pune (Maharashtra).

What is the applicability of Tax?

Whether we charge MVAT or CST?

Thanking you,

Rithin