I'm wotking as an Accoutat in a manufacturing co.I made a Sales Bill of 50 pcs Shirts in the month of May 2012, I've paid VAT Quarterly, but now the customer has send us 3 pcs return, I've issued a credit note to the customer including Vat. Will i get set off in the next quarter of VAT Payment.

Some of the C from received from the customers has been lost.
so now any one can tell me what is the option available with us?

I AM AIRON & STEEL SUPPLIER REGISTERED UNDER VAT ACT IN WEST BENGAL. I PURCHASED RS FIFTY LAKHS GOODS FROM A DEALER WHOSE VAT REGISTRATION WAS CANCELLED ON 20/2/2008.I MADE PURCHASES FROM THE DEALER ON 23/2/2008,18/3/2008,25/3/2008 after cancelled date of his registration. The sales tax department have sent me a demand notice of RS 200000/on 13/9/2012.I was assessed by officer on 13/8/2010 previously. What should I do. Shall I HAVE TO PAY RS200000/ to sales tax department.

Dear Experts,
An non auditee assessee need to file J1 & J2 under MAHA VAT with last return to filed.
What about an assessee who has cancelled his VAT TIN No. before his last return . Is he liable to file Ann J1 & J2, if yes then when was the last date ??

Dear sir,

we are operating manufacturing industries we using packing material but it is not using as raw material after finishing of the product we using packing material so can we claim input tax credit on packing material

please tell me

Regards
Ramesha.m

Dear All,
In the state of Maharashtra, where a registered dealer under Vat Act appoints a person for printing job on the material provided by the dealer and the said person charges registered dealer stating in the bill Labour Charges Only. Is the registered dealer still liable to deduct WCT TDS on the same on the basis of Matoshree judgement of Honorable Bombay High Court. Please advice urgently.

Sir / Madam,

Kindly suggest regarding the following transaction:-

If I purchase a software with licenses from XYZ ltd. and the Purchase Order I will issue bears Service Tax & Maha VAT. Please suggest if the cost of purchase is Rs. 100, then Maha VAT @ 5% will be chargeable on Rs.100 or Rs.100 + Service Tax.

In second case will create cascading of taxes ?

Regards,

we are traders, importing material on which we are paying additional import duty (S.A.D.) of 4%, apart from basic duty (10%) and CVD (12%).

We resell these goods, without modification, to our customers who are users. Some of them avail CENVAT benefit of the CVD+Additional duty amount. However, most of them do not avail this refund.

I charge my customers appropriate VAT/CST sales tax amount on invoiced price.

Can i avail refund of the 4% additional duty against the VAT/CST sales tax amounts that i am filing in my returns?

If so, what would be the procedure.

Or is there any other way in which i can get refund benefit of this 4% S.A.D. ?

TIA

Dear Sir,

One of our client deals with new computers & accessories whose turnover is above Rs.3,00,000,00.

He wants to introduce a scheme in which he will give a new car to the winner of the scheme.

My query is that expense incurred for the purchase of new car can be treated as business promotion expense or not. If yes, then TDS will be applicable or not & vat on the new car purchased can be taken as set-off in our vat tax liability or not?

How the winner of the car will show this transaction in his books of accounts & depreciation will be allowed or not?

Thanks & Regards
R.H.Mehta & Co.


Dear Sir,
Thanks for your reply.

I want to know futher that in case, if my client who deals in computer wants to give commission to the person for obtaining maximum sale for his company in the form of car instead of cash, then what will be the treatment for TDS & applicable rate for deduction.

Thanks & Regards

Sirs:

Can we take input tax credit for the items which is for resale-interstate or service?

Thanks in advance
G. Gangadharan