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.

Dear Sir/Madam,

Our Company is a private Ltd Co. in Rajasthan and it has received a Contract of Building on the Land of an Individual.

My question is that wheter WCT is applicable in this case and if yes then what will be the legal procedure

Thanks

Dear Sir,

We need urgent clarification on following issue.

We party A having the VAT registration in Faridabad Haryana have a project equipment supply order from Party B who is located and registered for VAT in Karnataka. For some of the equipment we party A has placed the order for supply of equipment to Party C in Chennai Tamilnadu . We have asked Party C to supply and deliver the material to Party B directly with Billing in the name of Party A and delivery to Party B under interstate sale with C and E1 Transaction. This means material from Party C will be delivered to Party B directly as sale in transit interstate sale. Party C will bill to Party A and send the material directly to Party B under our instruction. In this case the invoice valve of party C shall be say Rs. 100 which is inclusive of Excise duty and CST @ 2%. once the delivery is done to project site to Party B. We Party A will raise the invoice on Party B SEPARATELY for Rs. 120 which is cost of the equipment + ED as + CST recouped as paid by Party C for payments. Party B will give C form to Party A for Rs. 120 and then we Party A will issue the C form to Party C for Rs. 100. Party C will issue Party A the E1 form to close the C and E1 Transaction.

Now the Questions are.

1. Whose Name will appear as consignor in E Sugam form?? Party A or Party C
2. Whose invoice number will be there in Sugam form. party A or party C
3. What will be the value of good in E Sugam form Rs. 100 or Rs. 120.

We will be thank full if experts in CAclubindia clarifies the matter urgently.

Best Regards

Arun

we are food processing firm regitsered under VAT .we intent to procure food stuff from karnataka ,from an unregistered dealer after a procees of that food stuff we are planning to send kerala , note that after processing this attract tax liability . I want to know how we can transport this food stuff legaly or according to interstate law

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=563868

Dear Expert,

My friend is the manufacturer of Rubber products, his factory is in Mumbai(MVAT) , has has purchased raw materials from Gujarat..
In the purchase invoice the said party charge
2% CST & 1% VAT..

Pls tell me how he can take input of VAT paid on purchase...?
Is there any benefit available for CST paid on purchase??

Pls answer shorty..
Its urgent