My client is a builder & Developer.He subcontracts the construction work to the Contractor.During the process of construction of building my client has done the agreement to sale contract with the various customers.client has received form 407/408 from s/contractor say Rs.90/- & My Client's value of agreement to sale is Rs.100/-. S/contractor has paid the Vat [on Rs.90/-] Now my query is whether my client have to pay the vat on the Diff.amount of Rs.10/- [100-90]?

We are constructing residential apartments on our land and want to sell to individual owners.

Is VAT applicable to the buyers to be paid to us for submitting in the government?

If yes at what rate it is to be collected?

Also, when is this VAT payable - at time of registration or as we receive the instalment.

dear all,
plz clarify my doubt regarding an issue:

purchased a crane for giving it on hire and charging service tax too on invoice. but whether i m also covered under right to use of goods and liable to charge VAT on the invoice amount....

urgent

dear all,
plz clarify my doubt regarding an issue:

purchased a crane for giving it on hire and charging service tax too on invoice. but whether i m also covered under right to use of goods and liable to charge VAT on the invoice amount....

urgent

hello all.
we are a manufacturing unit (its a partnership business) (SME)
our turnover for F.Y 2011-12 was 1crore 59 lacs (approx)
are e required to prepare vat audit report u/s 88?
i have heard that it is not compulsory for organisation with turnover less than 3 crores. is it true?
please share your views.

Assessee company have a car in business which got accident and damaged. Assessee company received claim from Insurance company. My query is that whether there is any VAT on Insurance claim?

Dear Sir,
My gross turnover including VAT is exceeding Rs.60 Lac. but our P/L is Exclusive of VAT .So Sales as per P/L is Rs.5970082/-
Whether I am Liable for MVAT Audit and Income Tax Audit?

Is there any requirement of e- sugam for purchasing proceesed meat from an unregistered dealer, karnataka by a registered dealer from kerala

Please inform me whether the VAT audit for the year 2011-12 has been extended in stead of 30.11.2012

Please reply back urgently

Dear friends,

we are establishing a power generation unit in andhra pradesh. It is in capital work in progress. so, my doubt is, is it required to show the capital purchases in vat returns or not.

If we file 'nil' vat return, with out showing any purchases , department will issue notice for cancellation of VAT registration for non commencement of business. please guide me in this regard.

Examples of capital purchases:

plant & machinery, air cooled conditioners, office furniture , computers etc.

is it required to show land purchase in the VAT returns.