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

Hi Experts,

One of my colleague is a registered dealer under Delhi VAT and is dealing in goods exempt from DVAT. However, he has not filed any return during the FY 2012-13. He got a show cause notice from the DVAT dept. regarding cancelation of certificate against which he could not send a reply. Now he has got a final order from the office regarding the cancelation of the RC. What is the remedy available with him?
Pls guide. Thanks

If I am supposed to pay VAT for purchase on 27/07/2010 and If I actually paid it on 30/10/2012 then how much penalty I have to pay under MVAT act (maharashtra) on the tax liability Rs. 29500 ?

is it necessery to have paid Tax in order to claim refund in the event of non liability.