Is there any rule under the VAT act stating that the goods which are being purchased must be used for Manufacture for availing the input credit of VAT paid.

Dear Experts

We made a CST Sale in FY 2011-12 without C form.

Now while collecting the money, the customer says, he will pay only 2% CST and will provide 'C' form.

What is the way out available to me.

Experts views are solicited.

can input credit be availed on purchase of furniture in TN? Also in TN when machinery is purchased from outside state say Maharashtra then can the company claim any setoff against the CST paid???

Dear Experts,
I am working in a Depot of a Company. For our products we are providing 3 years warranty. But in between 3 years if products become defected then we are providing new product to customer. For giving new product we are not taking any amount. So in this situation can we make ZERO value invoice from Depot.
Kindly confirm me.
Thanks and regards,
R.Dutta.

what effect in profit when we follow inclusive method or exclusive method in income tax which method allow ?

can i claim the input tax credit of vat paid on cement steel etc. during construction of my factory building. iam the dealer of footwear

Is it mandatory to give sales bill inclusive of Mvat (i.e. MVAT is not charged seperately); to all unregistered dealer, even if seller is registered dealer??

And if yes, do we have to maintain different bill format for inclusive vat transactions???

Good afternoon,this savithri, i have one confusion in vat input credit, we have purchase some materials @ 13.50% on dtd: 23.01.11 But now i'm going to take entry against that purchase.

Just i want know shall i take the input credit now?its possible of the same !!!!!!
Kindly help me out for the above ..

Please Clarify on the below Queries?


1) Does every Dealer Registed under CST would be able to produce FORM C, Or Is they any Criteria for it.

2) What is the Purpose of WAY BILL?

3) What is E-SUGUM Form and why it is used.

dear sir,
in the case of sales return, can cst earlier charged can also be reversed?