Regarding Kerala Value added Tax-In PL account total purchase is 60 laks and his sales is 40 lakhs (he has stock also say Rs.25 lakhs ).
whether he is liable for audit(audit limit is 60 lakh of total turnover)..?because “Turnover” means the aggregate amount for which goods are either “bought” or sold(definition is same in many state VAT Acts),…… and in this case his turnover is 60+40=100 lakhs. is it correct..?pls explain.

If he is not liable(ie turn over took as 40 Lakhs) please tell me what is the meaning of word “bought” in the definition..

and whether purchase of goods bought would be considered as turnover in any other context along with sales.
Please help me with any case law if there.

i have doubt on calculation of turnover. for example my purchase( excluding vat) 2400000 and sales (excluding vat) 2700000. input tax ( VAT) 400000 and output tax ( VAT) 450000. so now my doubt is how to calculate turnover. turnover includes total sales and excess VAT I paid or sales and total output VAT I paid ???

we are constructing new building for business expansion

we need to deduct TDS & WCT or don't deduct.

1. Bills for Pre-Engg. material received with VAT
2. Bills for Pre-Engg. Material received with VAT and Service tax
3. Electrical engg. related supplier bills with VAT
4. Electrical engg. related supplier bills with VAT and service tax
5. Civil construction bills
6. Mechanical engg. material with VAT
7. Mechanical Engg. material with VAT & Service tax

Some one is fixing a stone (i.e. Diamond) In gold item. gold item is supplied to him by manufacturer. He purchase storn from market and fix on such gold item and charge the labour charge along with price of stone. Is vat or service tax apply on this .

We are registered in Maharashtra, want to take warehouse in delhi to keep tax free goods for resale. Sale Tax Registration in delhi is required or not.

We had made a challan of 30025 for registration of vat certificate. but due to some reason we are not going for registration. So, Please tell the process to get back the deposit.

Is there any need of seperate pan card for single owner business . Can you please tell me in detail.
And how can I open an current account for my business.

Dear Sir/Madam, Our company engaged a contractor for housekeeping of office and premises. They charge us with service charges and as well as for materials for cleaning(For eg Airwick air fresheners) . My question is They are sending us materials supply bill by adding VAT on materials too. Is VAT applicable on materials too?

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Dear all, I am an articled assistant. I am required to file a VAT return of a medicine dealer. It seems it's not as usual. What is tax on MRP and how it works? If all dealers pay tax on MRP, then it leads to cascading effect right? and if the dealer choose to pay tax on actual sale price, which form to file. Kindly guide me or lead me to an exhaustive article on this matter. The case relates to Karnataka VAT. Thanks in advance.

i have a small kirana store, Turnover Approximately 14 Lakhs p.a. i am purchased kirana items from local guys without any vouchers/Receipts and i sale MRP Price to retail. i have no vouchers/bills/Receipts on both sales & Purchases. but i have TIN. now how to file vat returns without any bills. In our small town, other small kirana shops file their vat returns without any bills through Local Tax consultants. how its possible without any bills.