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..........

A retailer who is in a composition scheme his total purchase is of 5% Vat, so he use to pay 5% on the difference of sales less purchase. if this dealer do OMS purchase than what will be the calculation. whether he should pay vat on total sale or as the same as mention in above case

As I am a registered dealer in TNVAT act 2006, with effect from 11th August 2011, and i am dealing in construction works (Government), i got a works contract amounting to Rs. 1 crore in December 2011 and completed the work in the month of March 2012 and got my payment, not received TDS certificates from the Government side and also not in the possession of the invoice copies of the materials used for the construction of the building. Now in November 2012 another government department works came and they asking me, the Sales tax return filed copy ? As i am unaware of filing the sales tax monthly return. Now how can i file for the past months ? Inorder to get the new department work.

After filing quarterly return We have to submit that MVAT acknowledgement to department?
Please do reply soon .
Thanking you in advance.

We Are Monthly Return Filed And Vat Paid In Current Year.
But Input Vat Not Claimed And Output Vat Which Collected
That Amount Paid In July, August And September.
In October We Observed That Excess Amount Paid Rs.50451/-
Then We Can Claim Input Vat In October By Increase Purchase
Including July To September?

Recently i had received this message:

Commissioner of Sales Tax in Maharashtra has informed to defer the submission of VAT Audit Report in Form 704 under the MVAT Act, 2002 to 15th of January, 2013 from the scheduled due date of 30th November, 2012. A Notification to this effect is expected on coming Monday, the 12th November, 2012.

Kindly confirm whether the due date has been extended or not. If yes please provide the link to the notification.

Regards
Sunil

Kindly let me know how much is registration charges for compulsory registration under Mvat. Is Rs.25,000 security deposit applicable for compulsory registration also?Thanks in advance