NAGENDRA KRISHNA KANTH
11 February 2013 at 11:12

Accounting of a branch

There are 9 branches in a city.
Can the head office do centralized accounting? or Is there any rule that branches have to maintain books of accounts at branch level?


Vinod Kumar
10 February 2013 at 19:15

E sugam

We should bill client a single bill against the P O for clients but our material dispatch to the site multiple times. What procedure should we follow to raise a esugam during sending the materials.


subodh jagananth magar
10 February 2013 at 12:48

Input tax credit

Sir,
Our clients has been denied input vat credit
for non payment of tax by suppliers. Hence i have filed appeals. I would be requiring judgement in case of
MAdras High Court Judgement Judgement
Althaf Shoes P Ltd
K.SAdiali Kera Hihg COurt Judgement

If Possile kindly mail in PDF

Regards
Magar Subodh


Aditya Amar
10 February 2013 at 00:39

Tn vat liability

When is TN VAT liable to be paid?
A) Amount is received as part of contract but goods are not transferred nor Invoice is raised
2) On transfer of Goods
3) On Submission of Invoice


RAMESH
09 February 2013 at 01:36

Wb vat form 14

I PURCHASED GOODS FROM OUTSIDE WESTBENGAL(CENTRAL PURCHASE)OF RS 6,45,000 FOR.THERE WAS NO TAX ON PURCHASE..SO KINDLY TELL ME WHERE SHOULD I SHOW THE AMOUNT OF CENTRAL PURCHASE OF 645000 IN FORM 14?? AS WELL AS TELL ME WHERE TO SHOW THE CENTRAL PURCHASE IN CST FORM AND ANNEXURE??KINDLY REPLY


Viren Kularia
08 February 2013 at 21:40

Vat liability in case of sub contract

our client has assigned sub contract to other party which has purchased materials from Tamilnadu state. the sub contractor is not having TIN of state of Tamil Nadu..now as per the consultant the contractor is liable to pay VAT on the purchases made by the sub contractor.
facts
Main Contractor : from Gujarat
Sub Contractor : From Gujarat
Services provided in the state of tamilnadu
material purchase bills were raised in the name of sub contractor
as per the opinion of consultant, the main contractor is liable to pay VAT @14.50% on 40% of total value of the contract..

humble request to clarity the matter..thanks


ASHISH DABRAL
08 February 2013 at 16:32

Form 38

Dear Experts
I have a query, I am working in an MNC which is an IT company under service industry, we recd some consignment from our parent company which is in Newyork now FedEx department needs Form 38 to release the goods, Form 38 is not available in our office...So my question is that can Sales tax department issue us form 38 in spite of being in a service industry ( there is no sale-purchase) at all, or what is the right way to release the goods from FedEx department, the goods may be some PCs or training mannual or may be books or software..plz solve my query



Anonymous
07 February 2013 at 15:50

Vat or service tax

RENT/LEASE OF DIGITAL MULTIFUNCTIONAL PRINTER/COPIER/SCANNER WILL ATTRACT VAT OR SERVICE TAX? THE VENDOR WILL SUPPLY AND INSTALL AND MAINTAIN THE PRINTER ( THE VENDOR WILL CARRYOUT ALL REPAIRS AND PROVIDES CONSUMABLES EXCEPT PAPER). IF VAT IS APPLICABLE, ACCORDING TO WHICH SECTION? ANY DOCUMENT?


Pratik Kambli
07 February 2013 at 12:38

Mvat on machine sale

If a registered Xerox shop turnover
(above 50Lacs) sales his old machinery..
Is he liable to collect MVAT??
He is nt a trader in Machinery..



Anonymous

Respected Sir/Madam,
We are registered under KVAT Act as manufacturer in Karnataka and have ordered cable from a Manufacturer at Gujrat(Consignor).The order for this manufacturer is for the first time.
Now the consignor has sent the goods under a valid Invoice mentioning our TIN, but before dispatching the goods has failed to intimate us the dispatch details and thus the goods has entered Karnataka without e-sugam.
Now the said goods has been held by the CTO for not accompanying the e-sugam.
After receiving the notice from the CTO we have generated e-sugam.
What is the penalty payable by us, if any and at what rate of tax,as the transaction is inter state against C Form.
The CTO is asking us to pay 1.5 times of the tax payable,which is calculated @14.5% ie local rate of tax.Whether the CTO is correct by computing the penalty using the within state rate of tax i.e 14.5%?

Thanks in advance!






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