Dear All,
Please advise me to handle the follwoing situation.

ISSUE.
we purchased a machine against form c during 2006-07, before the vat regime started.
(normal rate of sales tax was 12.5%, during that period).
During 2013-14, june we sold the same machine to a buyer at karnataka charging cst @ 14.5%
(not against form c). Our AO says that we have to reverse the relevant ITC as the sale not
supported by form C.

question.

1. Whether we have to reverse the ITC even though we deposit the CST collected on Machine sales.
2. what are the evidences to be provided for our claim.

Thanks & Regards,
R.Prakash

I want to ask a question. In Sec. 7(3A) of CST Act, text similar to below one is written:

"Where it appears necessary to authority granting a Certificate .......... for proper custody & use of forms referred to in subsection (3A), he may ...".



As per above, the forms are referred to in Sub-section (3A), i.e. this sub-section itself. But no such forms are mentioned/ indicated therein.

Also, Sub-section (2A) has a similar provision and certain forms are mentioned there.


My Question: Is Sec. 7(3A) actually talking about Sec. 7(2A)?
If so, is any correction made in Sec. 7(3A) till yet?

Hello,

Please can any one tell me the VAT rates in Karnataka for below items:-

1 Plastic Pots
2 Tetracotto pots(clay pots)
3 Charcoal
4 Coconut Husk Chips
5 G.I Hanging wires
6 Ceramic Pots
7 Metal Pots/Planters Decorative(G.I)
8 Fertilizers(NPKSORGANIC)

MY CLIENT IS RUNNING A SCHOOL OF NURSHING. THEY ALSO PROVIDE HOSTEL AND MESS FACILITY TO SOME STUDENT. IS UP-VAT IS APPLICABLE ON THE MESS? PLZ GIVE SOME LEGAL SUPPORT ALSO

One of our client is having excess input credit for the FY 12-13. They are the registered dealer under TNVAT. But are not doing any inter state sales as well as intra state sales. So I want to know the procedure for claiming refund for Tamil Nadu.

Hi..

Can any one please tell me is Input Credit available on Purchase of Diesel by a contractor for the purpose of operation of machines? but as we all know that purchase invoices received from diesel provider, do not show the amount of VAT separately.

Dear members,
Can anyone share whether ICAI is charging VAT on books sold to students.
Reason for asking such Question:
We are a private Coaching Center,a Pvt ltd company. Due to different opinion on VAT applicability on Study materials, to be on safer side, we are charging VAT. If we can can find the answer for above question, we can reduce the cost to student by not charging VAT. Please us to help the Student.
Thanks in avance

we are Central Govt. Organisation planning to hire Photocopiers on a cosideration of 50 paise per copy taken without any other rental/leasing/hiring charges. The company which lends the Photocopier is charging VAT extra. Please confirm the applicability of VAT under the present arrangement mentioned above.

Hello everyone,

one of my client is a dealer of glass products. He has interstate as well as intrastate purchases and sales.

For transportation he is currently paying transporation charges. Now he is burying his own vehile for transportation.

MY question :

Can he claim Input Credit of MVAT paid on purhcase of vehicles and if yes how to take set off ?

waiting for the views of the experts.

i had Sale a car during the year 2009-10 of rs 120000 in which now i get a notice from the Sales Tax Agra that you are liable to pay a vat against your Sold car which is currently rate of Interest is 5%.

Will any one please tell me in which act does it mention the same .
or am i Liable to pay tax along with interest.