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%.

Say, a dealer M who sells Sunboard (a type of Plastic Sheet used in advertisement arena) to a dealer N against their purchase order. Later N placed a separate order to M for fitting of the Sunboard on their specified structure. Does it fall under the purview of Work Contract? Can Sales Tax department charge Work Contract Tax having considered that the dealer have bifurcated the order with an intension to avoid higher rate of taxation?

As per cot for contractors, the composition tax has to be remitted on advance received. In such a case how the turnover is to arrived at for the purpose of k vat audit limit of Rs 1 cr? that is on actual billing or on receipt of advance ?

Dear All,
Whether Maharashtra vat is applicable on free gifts attached to a product. For Eg: if there is a sale of car and on which a laptop is provided free of cost whether vat would be applicable on free gift of laptop. If yes then at what value? What if the rate is different for original product and gifted commodity? Anticipating a quick reply and thanking you in advance

sir,what is input tax credit and please explain with example. thanks in advance