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

hello experts, i want to make an e1 sale. in this transaction the manufacturer is in mumbai, i will be the trader in coimbatore and my buyer is in hyderabad. i have the flwg clarification :
1) in the invoice issued by manufacturer do i mentioned myself as buyer and hyderabad party as consignee?
2) what documents will the supplier (mumbai) send with the trucks?
3) is there any way in which my price of purchase (from mumbai party) will not be known to my buyer (hyderabad party?

your advise will be highly appreciated and also i am looking for a consultant for this matter.

rgds / sujay shroff

want to start a business (sole proprietorship) and i want to run my office from the place which will be on the rent. I want to provide various services like advertising & promotion, event & wedding management,and party event, placement consultancy and small land construction under that. I want to know that is there any kind of a registration or some legal formalities necessary for it and plz guide me that does any service taxas and vat liability are applied for it which i have to pay.
please reply me as soon as possible..

Dear Experts,
I dont know whether any experts are viewing this section nowadays. All most all the questions here are unaswered for pretty long time. I request all experts to share their knowledge with the budding fellows. A Ltd. purchases a machinery for Rs.1000000 plus VAT 100000. On the year 1 he has utilised 50000 VAT input credit for his VAT liability. Now on the 2nd years the machinery is sold, what has to be done at this stage now.
Thanks & REgards,
RAjesh.

Dear sir,
Please provide me the detail for online application for C Form.
i.e. which states have online application for C form & which state have manual.

In hotel industry service charge is collecting which is not a statutory compilance. Whether vat is to be collected inclusive of service or excluding the service charge

Dear Experts,
A Ltd. purchases a machinery for Rs.1000000 plus VAT 100000. On the year 1 he has utilised 50000 VAT input credit for his VAT liability. Now on the 2nd years the machinery is sold, what has to be done at this stage now.
Thanks & REgards,
RAjesh.

dealer is registered in Delhi under Delhi VAT Act. He purchases goods from a dealer in Haryana and sells to a costumer in Haryana. Sale or purchase does not occasions the movement of goods from one state to another.

pls advice whether CST is applicable or not.