OUR MANUFACTURING UNIT IS UNDER CONSTRUCTION ,LOCATED AT LUCKNOW ,U.P.. WE ARE DOING PURCHASES SUCH AS BUILDING MATERIALS, PLANT & MACHINERY, INSTALLATION ITEMS &EXPENSES FOR PLANT &MACHINERY ETC. ALL SUPPLIERS AS ABOVE MATERIALS ARE BEING CHARGED OUTPUT VAT ON THEIR INVOICES.THEY ALL AND OUR COMPANY ARE REGISTERED UNDER U.P.VAT DEPARTMENT.

ARE WE ENTILE TO AVAIL INPUT VAT UNDER CAPITAL GOODS EXPENDITURE.

PLEASE CLEARFY IT.

VINAY KALE

Can any 1 tell me whether vat is applicable on sale of asset including motor car ? is there any limit for that ? and what is rate of vat is applicable ?

whether vat is applicable on liquor or not?If yes at which rate?Is their rate difference in different states? Please reply in deep.

DEAR ALL

PLEASE LET ME KNOW REGARDING KVAT QUARTERLY VAT FILING RETURN HAS BEEN FILED IN TIME(15.01.2013) BUT UNFORTUNATELY STILL TAX PAYMENT(CHEQUE) NOT PAID TO THE LVO FOR RS.21000/- .

IN THIS REGARD I WANT TO KNOW WHAT WILL BE THE CHARGES TOWARDS INTEREST AND PENALTY?

RAGARDS
RAJ

Hello,
I am from Mumbai. Me and my friend are soon going to set up a I.T related business offering computer repair services as well as sale of old and new computers/Laptops.
We have decided to sign a partnership deed as well as Register it as a partnership Firm.

Since, we don't want to get into any sort of legal trouble, I am confused about the following things:

1. We will be registering our partnership firm. Does this mean we get licence to sell goods and issue bills under our firm's name? Or will we need to apply for a Gomastha(Gumasta) licence seperately?

2. We will be providing VAT Invoices to our clients/customers. In order to provide vat bills, one has to get a VAT number registered through Income Tax dep. TIN is required to register a vat number. Is TAN or PAN required to get TIN/VAT number? I mean is there a need to apply for PAN or TAN (or both) of Firm before applying for TIN?

3. We are going to provide computer repair services too, will we be have to charge service tax for this?

would appreciate any advice. Thanks in advance.

hi,
i'm about register for vat. CA has asked me to prepare 2 DD's; one of rs.25000/- & second of rs.5000/-. my query is can i also register for cst along with vat or should i prepare a third DD for it. if i should, how much would be the amount. thanks.

regards

Dear Experts ,

Please reply my query that if a Sales tax registered deals falls in category of quarterly Return under Dvat & Cst to file. Suppose he sold the goods in Jan 2013 Under CST @2% agst C Form to purchasing party ( state sales tax rate @5% on that item)and filed Dvat & Cst return (qtr- Jan-Mar 2013)in April 2013 as per scheduled time and later on in middle of Aug 2013( after six months of sale date) say purchasing party to whom goods were sold return the goods of full value of half of the value . whether in this purchasing party will issue C form to the selling party and whether Sales Tax return to be revised of Jan-Mar 2013 or not. what treatment of sales return to be made in sales tax return(s) in which year and in books. Please reply.

Anil Jain
9312640067

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=596003

DEAR SIR

WE ARE PVT LTD CO, WE PURCHASED CCTV CAMERA OF RS 288000/- 12.5% VAT IS APPLICABLE ON IT, SIR TELL ME

1 CAN WE AVAIL BENIFIT OF VAT
2 THIS EXP SHOULD BE CAPITLIZED OR REVENUE EXP

THANKS & REGARDS

If a person imports equipment required for films etc and subsequently gives those equipment on rent then is he liable to apply for Sale Tax Number?? Import may a one time import??

Dear Sirs,

1. If a DTA unit having duty free import license is eligible for exemption on Customs Duty, ED, VAT when they purchase goods from SEZ unit.

2. SEZ unit's sales to Customs Bonded warehouse is taxable under VAT.

Please give your suggestion.

regards
Dasan