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.

Purchased Packing Materials:
Packing Material Rs.5,00,000/-
Add: VAT @ 5% Rs. 25,000/-
Total Rs.5,25,000/-

Total Sales Rs.60,00,000/-
F Form Sales included in above Rs. 30,00,000/-
12.5% Sales Rs. 30,00,000/-
Add: VAT @ 12.5% Rs. 3,75,000/-

Output VAT Rs. 3,75,000/-
Input VAT for Setoff ???????
Retention ???????

Please guide with Calculation...

Hi!


can anyone help me about VAT & WCT applicability in event management firm.is it necessary to take VAT no.for the firm.and also tell me if we are contracting with another company or party to held a program by call a DJ from abroad to performing in India,than in case of contracting with them only TDS(Contract)apply or is WCT applicability there???


And also you can ans.me at my Email:kehkashan@whitefoxindia.com



Regards,
Kehkashan Hussain

is vat registration required with IEC REGISTRATION FOR EXPORT BUSINESS IN HARYANA URGENT REPLY PLZZ..

Reg: Mumbai - Maharashtra-VAT

Our client is a Pharma-Pvt. Ltd.Co.
they have sold motorcar & has charged VAT
to buyer,so they will have to pay this
collected VAT to dept
but in the same year they also have purchased a new car on which they have paid
VAT as also Entry Tax on this car
can we claim set off of this payments
from vat collected on car sale
Please guide
Thanks

is tin number registration similar to e registration of vat under ctax website in karnataka.

do company send details of all super distributors billings to vat department. or super distributers can omitt certain bills in there vat returns to save vat recieved from micro distributors

Hi all,

Can VAT input credit availed on input/capital goods under Tamilnadu VAT act be set off against CST liability??

If yes, can you tell me which provision should I refer??

Thanks

Dear Sir, i would like to know that if in the case of sales Tax proceedings the officer reduces the amount of ITC as claimed, what should be accounting treatment in this situation.

Example: ITC carried forward as per the balance sheet for the year 2010-11 was Rs. 75000, and the same ITC was claimed in next year.

ITC carried forward in the balance sheet of year 2012-13 was Rs. 25,000.

During Sales tax proceedings officer disallowed the ITC of 2010-11 and passed order for carry forward of ITC of Rs. 15,000 only.

how to reflect this position in books?
should we require to amend the audited balance sheet for 2011-12 and 2012-13

Please give me guidance in this regard.

Thanking You.

Hi,

Are plants made through tissue culture subject to sale tax? if so could you give me a reference pls.

Further, Plants grown in nurseries apart form tissue culture are subject to sales tax as well?

Lastly, Are nurseries exempt from sales and income tax?

Please help :-)