Dear all,

Please spare a couple of minutes to solve a small question.

When bank stock statements are submitted, the bank even asks for Sales and Purchases of each month.

My question is whether these figures of Sales and Purchases should be inclusive of VAT or exclusive of VAT.

Please reply with appropriate reasons.

Thanks

can anyone give me a link where i can get the idea about VAT and Service Tax impletentation for Builders and Developers?????????
or send me the files on
mania.pratik@gmail.com

Pls give anyone give me answer my question. If am the exporter of chemical and am purchase chemical from another state can I purchase this chemical under H form. and can i purchase packing material under H form. pls ans me on my email id vivek.vicky1989@gmail.com.

I am a registered dealer in works contract compunded of 3% as per Kerala Value added tax and also i have service tax registration under works contract service. can i collect sales tax and service tax from party at the time of issue of Bills. some parties collect this much and someones not collect tax. which is correct?

Hi,
I have a customer in Mumbai and our HO is situated at Kolkata. Customer wants to deal with us by CST billing against C form and again he wants the materials at Assam. Is it possible? If not please advice me how can the deal by CST against C form - we have a registered office in Assam & Mumbai both and customer also have register office in Assam & Kolkata both.

sir we have sold cosmetics of Rs 50,000 including vat to a registered dealer but the dealer has not shown in its sales tax return but we have shown in our sales tax return.
Now the dealer is saying issue a fresh invoice after removing some of the items of the original bill. how it can be dealt?

Dear Sir,

Whether VAT audit in Karnataka is applicable on a STPI unit? Said unit is only into the business of exporting services. Transaction in goods is only scrap sales. Further, their total turnover(including export of sales) crosses Rs 100 lakhs, with export of sales it very less- negligible. Plz advice.

WHETHER MAHARASHTRA VAT AUDIT IS APPLICABLE IN FOLLOWING CASE IF YES, WHY? & IF NO , WHY?: SALES ARE AS FOLLOWS
12.5% VAT- 200000/-
NET SALES(12.5%)- 1696000/-
2% CST- 52000/-
NET SALES(2%OMS)- 2600000/-
5%VAT- 75000/-
NET SALES(5%)- 1500000/-
LOCAL EXPENSES- 5000/-
LABOUR CHARGES - 890000/-
TOTAL RS. 7018000/-

Can someone explain me with an illustration on options available to builders/Developers for payment of VAT under construction contracts for agreement before and after 31/03/2010?

Dear Experts

Is any change in Format of VAT 240 under karnataka VAT, if yes pls send download link.