We have given catering contract in our factory.And we are deducting the Full VAT Amount5.5% as VAT TDS and remiting montly and submitting VAT 126

Following are my quarries.
1) what is the correct rate of TDS applicable.4% or actual VAT charged by the caterer?
2)What is the procedure to issue TDS certificate.

3)Specimen of format of TDS

Sir i have to revise return of july 2012 with persuance of notice from departent. now my question is that i have by mistake taken less input credit and on revising return it will effect on all other returns because of credit brought forward. please suggest is it mandatory to revise all the returns or any other solution.

Dear Experts,

Is Vat Registration compulsory for dealers who are oly selling VAT exempted goods like Towels, Bedsheets etc?

Hi All,

Can anyone tell me how i can get issue the Form C from sales tax department ,Haryana first time .

Its Urgent.

Thanks & Regards
Priyanka

There is stock(Juice) of Rs. 85.2 lac on 31-03-12 in Delhi which were transfered from HO in Tamil Nadu. Now it is expired and can not be used. Can we transfer all stock to back to HO. We have taken form F from DVAT. What are vat implication.

Dear all,

In my client doing a manufacturing business, they using packing materials to send a safe goods. can we take that purchase tax of packing material as ITC. or it treated as expenses.

Sir,

Whether The turnover limit for vat audit for F.y.2012-13 is Rs. 50lacs or 1 cr.?

A Power generation unit, located in Maharashtra, under Special Economic Zone (SEZ),

Set off on purchases including Capital Assets is governed by restriction as in Rule 53(7B) as per Maharashtra Value Added Rule.

As per Govt. of Maharashtra Resolution No. SEZ 2001/(152) IND/ 2 Industries, Energy & labor Department Mantralaya, Mumbai 400032 dated 12 Oct, 2001, it was resolved at Sr. No. 6, that, all the sales by SEZ unit will be exempt from all State and Local taxes including Sales Tax, Purchase Tax, Royalty etc. If due to tax system constraint it is not advisable to grant direct exemption to the transaction, State Taxes paid would be fully reimbursed.

QUERRY
(1)Under which provisions this can be claimed exempt Under the Maharashtra VAT Act, 2002?
There appears no provision for claiming exemption of full taxes or reimbursement of full setoff of input taxes on purchases.
Is there any provision, notification to claim full setoff or reimbursement of taxes paid?
Kindly reply how it can be claimed?
(2) Coal used for generation of electricity whether it will be treated as fuel or raw material for Power Generation Unit?

Opinion in the matter will be highly appreciated.

PLEASE EXPLAIN THE CONCEPT OF FORM C WITH EXAMPLE?

I am a vat registered dealer in m.s.
I have following question

1. If I do a OMS purchase of a "xyz" item as follows
basic price: rs.100
Add : cst @ % against c form: rs. 2.00
Total: Rs. 102.00

2. The above item I sell OMS sale
Basic price: rs. 120.00
Add: cst @ 2 % against c form: rs. 2.40
total : rs. 122.40

what will be my sales tax liability in above transaction ?

rgds,
Raghu