what is cenvat credit?
whether cenvat credit is paid only at final stage?
for wat products did cenvat credit is useful?

If a dealer is register under Mvat Act doging job work for out of state in maharashtra parties the raw material is supplied by party what amount of form F should i applied ? whether labour charges sales amt is to be inculded or not? or only material received on form no 57F4 from party is to be consider? and what about the process loss ? what will be the correct procedure to apply for F form for the F Y 2009-10 onwards? what was the major implication on the tax of state as well as in the other state

Dear sir i want to know that who has to do the way bill consignee Or Cosigner


Awaiting For Your Reply

Dear Sir,

I have filled the Karnataka Vat nil return for last three months after due date


Request to you please advise me how much penalty to be paid for one month.

Thanks
Sunil

Dear Experts ,

What is the time limit for revising original VAT return . How to rectify if VAT credit is wrongly carried forward ?

DEAR SIR,

OUR COMPANY SITUATED IN HARYANA AND WE WERE ISSUED FORM-C AND ROAD PERMIT CHALLAN NAMED ST-38 INWARD , BUT SUPPLIERS LOST THE BOTHS FORMS (FORM-C & ROAD PERMIT)IN TRANSIT , THEREFORE PLEASE AWARE US WHAT ACTION TO BE REQUIRED FROM PURCHASER & SUPPLIERS END WITH THE SALES TAX DEPARTMENT TO AVOID OF MISUSE THE FORMS.
WITH REGARDS
VIJAY KUMAR

We found a contradiction of provision as provided in Sec13 (7) read with Sec 4(7)(a) and Rule 17(1) (g).

“Sec 13(7) states that where any VAT dealer pays tax under clause (a) of sub-section (7) of Section 4, the input tax credit shall be limited to 75% of the related input tax”

“Sec 4(7)(a) reads as under
“Notwithstanding anything contained in the Act;-
a) Every dealer executing works contracts shall pay tax on the value of goods at the time of incorporation of such goods in the works executed at the rates applicable to the goods under the Act:
Provided that where accounts are not maintained to determine the correct value of goods at the time of incorporation, such dealer shall pay tax at the rate of specified in schedule V on the total consideration received or receivable subject to such deductions as may be prescribed”


“Rule 17(1) (g) of AP VAT Rules state where the VAT dealer has not maintained the accounts to determine the correct value of the goods at the time of incorporation he shall pay tax at the rate of (14.5%) on the total consideration received or receivable subject to the deductions specified in the table below: In such cases the contractor VAT dealer shall not be eligible to claim input tax credit and shall not be eligible to issue tax invoices”

My query is whether the contractor not maintaining the books of accounts can utlise the 75% input tax credit or not as per the above provisions?

Kindly clarify me at the earliest.

A IS SELLER FROM GUJARAT WHO SELLS GOODS TO BUYER B IN MAHARASHTRA FOR RS 10000/- PLUS CST @ 02% RS 200/-IN THE MONTH OF JUNE-13. SELLER A PAID CST TO GUJARAT GOVT FOR CST RS 200/- FOR JUNE-13

NOW AGAIN SELLER FROM GUJARAT SELLS GOOS FOR RS 50000/- @ 02% CST FOR RS 1000/- TO NEW BUYER-C IN MAHARASHTRA IN THE MONTH OF JULY-13. ASLO BUYER A FROM MAHARASHTRA WHO BOUGHT GOODS IN JUNE-13 RETURNED THE SOLD MATERIAL TO SELLER OF GUJARAT.

NOW WHAT WILL BE CST LIABILTY FOR JULY-13 FOR GUJARAT DEALER WHO SALES THE GOODS


WHAT IS THE EXCACT RULE OF SALES GOODS RETURN RULE UNDER CENTRAL SALES TAX FOR TAKING INPUT CREDIT OF CST FOR PAYMENT OF CENTRAL SALES TAX FOR GOODS RETURN UNDER CST ACT. CAN WE TAKE INPUT OF CST FOR PAYMENT OF CENTRAL SALESTAX

When a Dealer makes a sale under VAT less than the rate he has received and in turn his supplier issues Credit note for the loss as Discount without any Tax breakup, Will this
Discount attract Vat? in Karnataka

dear sir,last month dc visited our shop and found that stock has been sold but bill not issued.so he imposed penalty rs 5000 and collected tax of goods sold but bill not issued.please advice me that how to show this tax in vat return and sale of goods.later i have issued all the bills on that date and accounted the same.