Dear Expert,

My friend(Prop.) is the manufacturer of rubber products, he paid Excise duty and MVAT on the goods produced and sold by him.

Now he wants to start a new trading business of Rubber products in the Name of his HUF.
Can he obtain VAT & CST no. under HUF??

Can he sale or purchase materials from/to his HUF trading business??

There is another realted business on the name of his wife....

Can All three can purchase/ sales goods among themself?? its a genuine business ...no adjustment and all...

pls express your opinion ASAP..

Thansks in Advance

I have recently received from sales tax J2 uploaded by me and j1 by my supplier.

I notice my supplier has either not filed the correct figures or not disclosed less sale.Hence vat paid less than the set off claimed by me.

What should be the corrective step by the sales tax department.Whether I will be sent a demand notice to pay the set off claimed?

Dear Experts,

A Bank in Maharashtra has granted 'Gold Loans' to borrowers.

One of the borrower is in 'default' and bank has got legal approval to 'auction/ sell' the mortgaged gold to recover its outstandings.

What are the implications under Maharashtra VAT for such auction/ sell by the bank???

Thanks in advance for the quick response...

what is schedule entry under Maharashtra VAT
and also how much is the VAT for Mobile Covers right now we are charging 5% but the vendors are asking from us 12.5%
we explained to them but they are asking to give the schedule entry.

Kindly assist me
its very urgent
rgds,

Dear Expert,

I have paid difference of tax and compounding fees when Vigilance had inspected our factory premises.

Now after 2 years, I have been asked to pay twice the difference tax amount as penalty and also interest by ACCT Audit.

I am an entreprenuer, Kindly let me know, what are remedies available.

Dear Sirs,

My First Office Vile Parle Reg Vat Cst,(C, Form Issue)same adrees

now office shifted Andheri east, Proble Is C'Form Adress is old to change the New Add ,what to do ,pls give me suggestion any one

one of my Dealer is purchasing the ready made garments from branded limited company in mumbai on mvat 5 % (MRP Rs. 100-marked down discount Rs. 17=83 inclusive of mvat Rs3.95so net price Rs. 79.05+ vat Rs. 3.95 total Rs. 83)and he is selling the godds on retail counters to Non tin holders consumers by way discount of Rs. 24/per piece in the cash memo itself and charging the vat on Rs. 55 + vat @5% Rs.2.75 total Vale Rs. 57.75 per piece hence there is net loss of Rs. 24.05 per piece and to that extent there is no value addition for vat liabilty. This loss of Rs. 24.05 has been compensated to him by original seller by issueing the Credit Notes of Rate Difference but without bifurcating the Net and Vat hence my dealer has not reduced set off input paid on the original purchase price of Rs. 79.05.and due to these RATE Differnce though the purchase value is reduced in the books but without reducing the input credit. Hence due to loss per(without reducing the input credit ) piece resulted in refund of excess input credit. Is the dealer is right in claiming the refund

Dear Sir,

I Am Purchase a Industrial Raking Pallet Storage System,In Invoice local Vat and Excise Applicable,I have A Question In Above Invoice Excise and Vat Receivable ya Not Receivable,pls. give me answer.

dear all,
i have no knowledge about VAT/SALE TAX,and i want to know about it. so please send me a link for full knowledge about sale tax "like.......starting of tax-ability,registration process/forms,composition scheme,etc.....please help me
thanks.....

Respected sir,
How can i adjust Deposit amount in return and 704 .
please help me..........