Whether it is mandatory to file sales tax return under Haryana VAT to a registered dealer even if sales amount is nil?
WE have received a notice for levy of penalty of Rs.10,000 for non-filing of Stock-1. AS per the circular that was issued, it was stated that if no Stock-1 is filed, it will be presumed that Stock is Nil. There is no transaction in the firm for the last 2-3 years and the stock and hence, we did not file Stock-1. Then why this penalty and under which sub section of 86 is also not clear? Please advise..
Sir,
My query is regarding entry tax levied goods.
Entry tax is levied on total invoice value at the rate of 2% on any particular good.
But if the seller who is selling the goods is giving a credit note on such invoice on which entry tax is levied whether such should be reduced from the entry tax charged.
And such credit note is regarding the rate difference between the actual invoice raised and rate settled between the parties.
What should be the tax liability to such tax payers? And whether they should adjust such credit note amount during payment of entry tax?
Dear Experts,
Greetings!!
Please tell me the definition of work contracts under VAT laws. Whether these have been changed to include Movable Properties??
Since we need to deposit service tax on Repairs & Maintenance on movable properties (provided these are covered under Work Contract) hence issue comes whether liability to Deduct WCT arises??
Please, waiting for the quick response.
Regards, Nitin
PLS CLARIFY THE CONCEPT OF WORK CONTRACT FOR SERVICE TAX AND VAT?????
ITS URGENT
Dear Experts !!!
We are sending our excise-able product for process of powder coating. till feb.2013 turnover had Rs.13.50 Lakh.
please guide me.....
powder coating transaction is applicable for Maharashtra WCT ?
till date we have not deduct & deposit WCT. if it is applicable for WCT then can i deduct & deposit now ???
pls advice me,
Thanks & Regards,
Raj
Q. Can I adjust my VAT Credit against Payable CST ?
Issue : I have Local Purchase of Rs. 284294.32 on which Input 4%+1% VAT = 10830.26+2707.56= 13537.82.
My interstate Sales = 1102448.83 Rs. on which Output CST@2% = 21616.65.
According to the provision in the (online) template, it is possible. What I have to do?
I had taken a company car registered in Bangalore. Since i am leaving the company, i want to buyback the car from the company on WDV. Now company says i have to pay 14.5% VAT on WDV for buyback in my name. Kindly clarify whether the same is applicable, since i have already paid all taxes during purchase of the vehicle.
HEY EXPERTS.
hamari company ne ek company se purchase ki thi july se ab tak now they want c-forms from us. and hamari return b galat hai to pahle hame return revise karni hogi c-form provide karne k liye..
so tell me k kya 31st march ke baad c-form provide karne pr koi penalty h.. kya 31st march se pahle c-form provide karne se kya benefit h
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Return filing under hvat