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

Can Anyone provide me format of notice /Letter to be sent to buyer of flat in order to collect Vat Amount payable

From 20.06.2006 to 31.03.2010
1. Composition Scheme U/s 42 (3)- Under this scheme developer has to pay 5% tax on the agreement value. Land deduction is not available. Input tax credit is available subject to the reduction of 4 per cent.

My Query is developer has to pay 5% tax on the agreement value
OR
Higher of Agreement value or Value specied for stamp duty purpose

Please any one can advice about the Karnataka VAT on Gifts given as free during festival season sales to customers. Whether the items given has free to be billed and taxed. Also please advice about the free gifts given to the walking customers in a retail show room for the lucky draws won by the customer.

Doraiswamy

What is the Composition Scheme in VAT. How it implements. What is the normal rates for Composition Scheme.

Dear Sir/Madam
Please reply
Can anybody tell me.
How i will check a c-form issued in delhi.
is valid?
C-form
Serial no.12110469641112.(DELHI)

& PB AA/C 7410880 (PUNJAB)

Please, reply urgent.
i need ur help.

Thanks

Please clarify the consequences of Input VAT claimed on account of Purchases from a Registered Dealer whose registration has been cancelled subsequently. e.g. Suppose we purchased goods from a Registered Dealer, ABC & Co. on 01.12.2011 for Rs. 10,00,000/-and availed Input VAT of Rs.40,000/-for the Q.E.Dec'11 in West Bengal. The registration of ABC & Co.has been cancelled in January'12. Further,due to poor quality of goods we have refunded goods worth Rs.4,00,000/- on Feb'12 and reverse the Input VAT by Rs.16,000/-against Input VAT of Rs. 40,000/- claimed earlier. Now,please let me know whether the Sales Tax Dept. can issue notice for a demand of full Input Tax which we have claimed earlier.Please reply with details.