Suppose A(dealer) purchases certain goods locally paying VAT-
Basic Rs. 25000
Excise(12.36%) Rs.3090
Input VAT(5%) Rs.1404.5
Total Paid Rs.29494.5

Now A wants to sell the above goods to other state at CST and make Rs.200 net profit after payment of taxes and input credit.

How will he account for it?

Dear experts,
In case dealer voluntary registered himself under Vat Act. but after registration he discountinue from his business without any transaction.
and neither he cancelled his registration nor file his nil return for f.y.12-13 till now.
now dealer received a notice of demand which contain assessment order under best judgement under section 23(1) and notice contain period of default of first quarter of that financial. year.
now dealer what should do?

I WOULD LIKE TO KNOW THAT WHEN WE ARE FILING A FIRST VAT RETURN FORM 231 OF A NEWLY REGISTERED PROPRIETORSHIP, WHERE TO ENTER DETAILS OF RS.25000/- PAID AT THE TIME OF VAT REGISTRATION . AS WE PAY THE ABOVE AMOUNT BY PAYORDER WE DONT HAVE ANY CHALLAN DETAILS REGARDING THE PAYMENT.
PLEASE HELP BY GIVING FULL DETAILS OF WHERE TO ENTER THIS RS.25000 SO THAT WE CAN CLAIM CREDIT FOR THE SAME.

I would like to know can i Issue 'C 'Form for MAterial Handling MAchinery / Equipment to be purchased for Material Movement , Movement of Semi Finished / Finished Goods etc inside a Factory Premises. .

CAN ANY ONE TELL ME DP-1 IS COMPULSORY TO ALL REGISTERED DEALER TO FILE ONLINE,AND WHAT IS THE TIME TO DEPOSIT HARD COPY OF DP-1 AFTER SUBMISSION. WHAT ABOUT DVAT-51 AND 52,
IF COMPANY IS REGISTERED ON VAT 27.06.2012 AND ONLY ONE SALES TRANSACTION IS DONE( NO PURCHASE(BECAUSE IT SELF DEVELOP SOFTWARE)

in the new form DP-1 of dvat, which is to be submitted there was one field
"Whether dealt in only intrastate(local) sales/purchases transactions during"

i am from delhi and, i sales/purchase all goods from local delhi, but i also import few goods from out of india, so how to deal with this field, weath to submit with "yes" or "no"

thanks

Dear Sir/Madam,

Facts of the case are as follows,

(1) One of my client is in to Bakery Business wherein she is mainly manufacturing cakes & pastries in a kitchen of her own and sale it thru a retail shop under a proprietory firm name.

(2) All sale is with in State of Maharashtra only.

(3) She does not have any Brand Name registered for the same.Only the Shop Name & Boxes under which she sells the product contain Name of Proprietory Firm.

(4) We have obtained Regn.No.under VAT,CST No.& Shops & Establishment for Proprietory Firm.

Now our queries are

(1) Rate of VAT to be charged on sale of Cakes & Pastries.

(2) As informed to us that if cakes/pastries are sold under Registered Brand Name then only VAT @5% is chargeable otherwise rate is NIL.

(3) If rate is NIL can we claim refund of VAT paid on purchases of Raw Material.

Plz.send us your expert comments on the above at the earliest.

If i interstate purchaser with CST & i sale this material to within state customer can i leived vat tds & cst to final consumer

can anybody solve my query?

If school is selling study material to his studunt, is school is liable to obtain VAT registration number?

Iam a timber dealer in Karnataka purchasing timber logs from Unregistered dealers and after processing the timber logs we will sell the cut sizes and also its by products like firewood and saw dust.

Whereas saw dust is taxable @ 5.5% and cut sizes is at 14.5% and I also pay tax on URD purchases @ 14.5%. Here I am giving some example


I have utilized the above urd purchases of Rs. 6812415 fully. Now after audit sales tax authorities were restricted input tax under rule 131 of Karnataka vat act on sale of firewood of Rs. 238380 and imposed a tax Their calculation is as under

NON-DEDUCTABLE INPUT TAX= (SALES of exempt goods + non taxable transactions) X total input tax On URD Purchases
TOTAL SALES (INCLUDING NON – TAXABLE TRANSACTION)



=(238380+0) x 987800 = 25410.00
9266954


Whether the sales tax authorities are correct or not, please clarify