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 :-)

Who can get Tax invoice..?

i am dealing in computer & related product & pay sales tax regularly.

now my question is
can i get a Tax invoice if i purchase a TV for office & get input credit..?

I am facing problem while filing DP 1, my problem is that when i am filling information in part A there is an option of bank security and surety, option no 14. but in my case our client register himself in the scheme when there is no need to give any security.

Now, in that option there is nothing to select and it is not a mandatory field still it is not saving information and i m not able to go to next part, what should i do please help.

Is VAT applicable on transfer of stock and machineries when a firm converted into private limited?. If not how to document the same... Any suggestion...

My friend wants to start electrical fitting business, does he require service tax registration, vat registration and tin number. If yes, please tell me how to obtain all these. Where toapply for tinin bangalore

Dear All,
I would like to know what is the tax rate for cotton fabric?
Whether the yarn which is dyed is exempt as per notification which exempts vat on textile processing?
If not whether wct tds is to be deducted and paid?
Awaiting an early reply.

1. A TNVAT registered dealer executes Works Contract and Normal Sales also.
2. The dealer purchases certain goods from Outside State.
3. Can the dealer opt for Section 6 Valuation
If
(a) The dealer uses those goods purchased from outside State exclusively for Normal Sales.
(b) The dealer uses those goods commonly for both.

Dear all,

What is the due date of VAT TDS on work contracts?
Is it 21st or 7th of next month?

Thanks.