I want to know the difference between VAT and CST. and also VAT and CENVAT.

As I am aware and have read that VAT registration is compulsory for dealers and sellers whose annual turnover exceeds 5 Lacs, But what about those who have just started business and don't have such turnover. How they will do their billing i.e. without VAT , what they have to do. please tell me

One of my client had taken Shop Act License in September 2011. However, he has not done even a single transaction till May 2013. From June 2013, he has started regular business activities under the said Shop Act License.

In this regard, I want to know, when he should register for Profession Tax Enrollment Certificate?

Secondly, while registering for VAT, whether I have to prove the Department that there were no business activities from September 2011 to May 2013? And if yes, how can i prove the same?

The client is a Proprietor.

Hello,

Can any one explain me what is the concept of Under value bill ? Tommorow,I have to vouch purchases in audit. I do not have knowledge of VAT.

Please help me as soon as possible.

Sir
I am facing a problem in filing DP1 Form
There is a column 12 where %of GTO is required to be filed.
Therefore, where there is requirement to file % of profit or anything else.
Kindly resolve my query.

Cross confirmation is asked to submit by Department during Assessment which we collect for 90% suppliers and 10% not possible due to various reasons. Are we eligible for credit to the extend confirmation certificate submitted to Sales tax department or 100%.

Can ABC & Co. of Delhi make local sales against FORM H to exporter(XYZ & Co.) of Delhi?
If yes then how will seller(ABC & Co.)fill the sale figure in annexure 2A &
How will XYZ & Co. fill purchase figure in annexure 2A. PLZ TREAT IT URGENT.

We are manufacturer a taxfree textile goods having 2 branches : 1 at Maharashtra & 2 at Gujarat.
From 01.04.2013 the taxfree product was taxable in Maharashtra State however, Gujarat state remain it taxfree.

Now, we plan to purchase our basic raw material which taxfree material at our 2nd unit Gujarat state, send it to unit 1 in maharashtra for finish against form F as branch transfer and return after finish to our unit at unit 2 at Gujarat again form F as a branch transfer and afterward sales the same from there as taxfree

steps as follows:
1. Purchase taxfree raw material at unit Gujarat
2. Transfer against Form F to unit at Maharashtra for Finish
3. After Finish return to unit Gujarat against Form F
4. Sales to customer from unit Gujarat as taxfree.

Queries are as follows:

1. If we ask the supplier raise the bill at Gujarat and delivery at Maharashtra as raw material is taxfree in all the states then “is it requires to raise invoice (non accounting) in favor of Maharashtra and subsequently issue Form F by Maharashtra unit to Gujarat unit?”

2. What will be (non accounting) Invoice value in material return back to Gujarat unit after finish in Maharashtra unit? Is it raw material value + processing charges or only processing charges value?

3. if we return the material to Gujarat unit as branch transfer against Form ‘F’ and using Form 403 as checkpost or road permit to be required for material enter into the Gujarat state, what will be the importance of Form 403 at the time of obtain Form ‘F’ from Gujarat sales tax department.

we await your valuable advice

I am a registered dealer in Gujarat, I have VAT payable in a month, but in the same month i have ogs sales, on which i have collected CST, i want to know whether i adjust the CST payable with VAT payable and pay collective as VAT?
please reply asap
Thanking you

Dominos pizza are charging VAT @ 14% and service tax @ 4.5%. Since home delivery is free what service do they charge? And why is VAT rate so high?