hi freinds...pls resolve a query..
when a work contract dealer will be eligible to take compulsory regn, under dvat & wat will be tax rate charged if he dont choose composition scheme..????

While filling the annexure J1 and J2 do we put the amount of purchases from a party after deducting the returns from or to them or do we put the gross amount?

Reply fast

As my client is a building contractor, he entered into contract with Public welfare department (PWD), mentioning the contract value as rs. 51,00,000/-. there is nothing mentioned in the contract about VAT tax and the final payment is Rs. 51,00,000/- only nothing more can be recovered from the PWD !!!!!

1. Whether i have to consider the contract value inclusive of VAT Tax or Exclusive of VAT tax ?

kindly advise me in this regards.

Hi,

we are an IT enabled Services & Software services company.
i just wanted to know that are we eligible to issue C-forms for the Computers & other related components used for development of software and other IT services.

Please explain in detail if possible.

Thanks

Pls note that we are having manufacturing unit at Sangareddy, Hyderabad and starting manufacturing activity from 20th December 2012 and purchasing Building material, Electrical equipment, Plant and Machinery, utility, spare parts, etc under VAT & CST

Purchases are;
CST @ full tax
Against C-Form,
Against VAT

Now query is;
1. Against VAT Building and construction material can we take VAT credit as Input VAT
2. Against VAT Plant and Machinery and utility, spare parts, accessories, can we take VAT credit as Input VAT
3. After start our commercial production, stores & spare purchase under VAT, credit can be taken or not.
If yes what is the procedure.

Further query, while filing the online CST return, where to furnish the details for total purchase against CST with full tax or against C- Form or whatever.

Hello dears


I want to know how i will get password of my vat/CST registration , please send me the procedure of reset password.

Thanks and regards
Dinesh

Dear All,
We have deposited up vat one day delay( without any holiday) with interest as 1.25% per month along with challan of vat.But department levied penality @ 20% of vat at the time of assessment of vat.
Please suggest me that department is correct or not.

is Input credit available on Car which was purchased on 2010-11 and no credit is taken during that year ? can the dealer take credit in current year for that purchase?

hii
One of our client is Real estate developer. They purchase a material which is required for their works and pay VAT on that items. They sub-contract their work to the small contractor and get the works from them. They raise sales ivoice to their customer. How they can get credit of VAT paid at the time of purchase. Can they set off against service tax or set off against WCT?

hello, anyone help me out

my query is when we book entry in tally of purchase bill of gujarat including vat, but in a bill two types vat indicated VAT 4% & Ad.Tax 1%,
so in maharashtra which head i have to make entry 4% or 4+1= 5% or show separate 4% & 1%.