IF I AM A COMPOSITION DEALER FOR F.Y 2012-2013 & MY TURNOVER IS ABOVE 50 LAKHS IN THAT CASE WHEATHER I WILL AUTOMOTICALLY GET CONVERTED INTO NORMAL DEALER OR I WILL HAVE TO MAKE AN APPLICATION FOR THAT?? RPLY ME SOON

Sir,
i have newly register Maharashtra VAT number w.e.f.30/03/2013, number got on 7/5/2013. what is my 1st MVAT return period ("4th Qrt 2012-13" or "1st Qrt 2013-14")
Please suggest me.

ABC Ltd appoints A ltd. as the contractor for construction of building (8% vat).
A ltd. Subcontracts it further to B Ltd. who doesn't charge vat to A Ltd. since vat can be collected either by contractor or by subcontractor but not by both.B Ltd. pays vat on its purchases.
Since B ltd does not charge vat to A ltd, what will happen to the vat paid by B Ltd. can its setoff be claimed by A Ltd?
Also, if A Ltd takes service from another party (3rd party other than B Ltd.) can it claim the set off of the vat paid?

Dear Experts,

I need one opinion .

If we are sending /receiving goods (part of inventory) to our Branch/Head office for demonstration purpose . In above case we need to show transaction type as against stock transfer against ‘F’ form liability or without ‘F’ form liability .

Your earlier reply will be highly appreciable.

Thanks
Jeevan Sharma

Hi Friends,

From Karnataka Purchase has been made from Maharashtra (Billing to Karnataka party), but material delivered in Maharashtra itself for the party (wherein the material has not entered Karnataka). So, i think only Vat is applicable. In Karnataka can we take rebate on delivery made on such transactions. Kindly can u let me know how the input / vat is effected.
Chandrshekar.

we are in trading business of Fabric. we purchased goods on 22 Dec 2012 against c form, now we returned the said goods on dt. 16 May 2013. we want to know can we issue C form in this case.

Dear all,
how to take composition scheme certificate form the sales tax dept. does any tax (wct) have to pay while to take composition scheme certificat ?

thanks
regards
jiwan singh

Hi Sir,

Company C customer is based in SEZ in Bangalore, places INR order on Company D (Distributor in Mumbai SEZ).

Company D (Distributor based in Mumbai SEZ )in turn places order on Company M (Manufacturer in Chennai FTZ).

Company M (Manufacturer based in Chennai) plans to Bill the materials to Company D distributor in Mumbai and ship to Company C end customer in Bangalore.

Company D distributor is planning virtual in warding into its SEZ in Mumbai since material is not entering its warehouse.

Is it feasible,
On whose name should the SEZ unit issue Form i.

What are the challenges in this Bill to Customer in Bangalore and Ship to SEZ model from Manufacturer.

Appreciate quick reply.


Thanks,

Regards,
Anand

Could any one guide me in filing nil return as there were no purchase or sales.I have filled FormI with 0 values. I don't know how to fill Annexure1 and 2 as no sales or purchase. Can i just confirm and submit.


My second query is my friend's company has submitted a wrong entry last month(EG: taken credit from a purchase X which was done by other company B. B has also taken credit for the same. Now need to reverse this month for Company A can i ask him to submit with negative values will it resolve his case.It's urgent kindly anyone help me

what is time duration for utilization of form 38 in uttar pradesh?