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sajid
22 July 2013 at 11:09

Purchase from urd & sales to rd

Please tell us what is the ruling for Purchases from Unregistered Dealer and Sales to Registered Dealer in Tamil Nadu.
We have purchased fr URD for Rs.1 lacs and Sales to RD for for Rs.1.25 lacs @ the rate of VAT 14.5%. What is our tax liability?


preet prakash
21 July 2013 at 23:05

Excess input credit

Dear CaclubIndia
excess input credit is 5000/- for f.y.2012-13
can i use this input cr.as set off against my vat payable for f.y. 2013-14.if not what to do with this 5000/- ????
since its less than 1Lacs i cannot claim refund.
how long/hw many years can i use this excess input.or i can't use in the subsequent yrs.in case if Trading Co.in pune
thnx



Anonymous
21 July 2013 at 22:13

C forms not submitted timely

Sir/Madam,
Karnataka VAT.
An enforcement officer visited our premises for a different assignment.
After ascertaining the details for assignment he inquired for other issues also.
Now whether he has the power to do so?
He inquired for the C forms.Now Maharashatra state is not issuing the C forms timely.
The officer enforced us to pay the differnce of tax for not having produced the C forms.
Now as the C forms have been submitted can we adjust the amount paid by us in our monthly return?The audit is in process for the same period.


R KANNAN

We are registered Dealer in karnataka procureing 'COPRA' from Farmers Under 'Unregistered Dealer' purchase catagory and paying 2% VAT on the Purchase value in the monthly return. while selling (CST Sale) those'COPRA' to dealers in the outside State we are collecting 2% CST to utilise the URD TAX credit available to us. Under this situation, collecting 'C' Form from those interstate Dealers is necessary (or) optional. In any manner, whether this will affect our utiliastion of VAT credit available to us on the URD Tax paid during purchase.


Shyam
21 July 2013 at 19:02

Dealer cancellation

Dear Sir,

I got registered on TIN number but due to financial problem, i could not start my business but i was filling return on time. Now this month my TIN has been showing in cancelled dealer list and i am also not able to login online to file the return.

Kindly help that what is this and how can i get back my TIN and login ID.

Dear Sir,

I had taken a TIN for my part time business in SEP 2012 but due to money problem i could not start the operation. Now it has been showing in cancelled list of DVAT. Even i had filed DVAT online procedures successfully on zero amount. Kindly advise me that how to recover my TIN number. Thank You.

Regards
Shyam SIngh


p.basu

Dear Experts,

Plz advice.

A composite dealer under Karnataka Vat has made URD Purchase of Bricks. But during that month he has not received any sales consideration.

Whether he has to pay tax on URD Purchases during that month or he has to file nil return.

Plz advice.


Rahul Jain

Suppose A of Delhi has purchased certain goods from B of Mumbai.B has raised an Invoice on A which is as follows-

Goods Value Rs 30000
Excise & Cess(12.36%) Rs 3708
CST (2%) Rs 674
Subtotal Rs 34382
Insurance Rs 20
Freight Advance Rs 2000
Total Rs.36402

Now A will issue C-form to B for which value-
a) 33708
b) 34382
c) 34402
d) 36402





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