Dear Experts,
Please give your expert opinion on below issue.

For a customer supplied Mould/Tool, please confirm charging of TNVAT is correct or not as we do it for charging EXcise duty. If the below calcuation is not correct please clarify and how it should be?

Particulars
Basic value for 100 Nos x Rate/No
Add: Tool Amortisation cost/No x 100 Nos
(only for taxation purpose)
ED Assessable Value
Add:Excise Duty @12%
Add: Ed. Cess 2% ED
Add: SH Cess 1%ED
VAT Assessable Value
Add: TNVAT @5% on above
Total bill value
Less : Amortisation cost
Balance Charged to Customer
G. Sreenivasan

My company belongs to Maharashtra &
Customer belongs to Andhra pradesh but Consignee belongs to Maharashtra,
In that Case whether CST or State VAT is Applicable?
Please Help.

If the composition of a particular product is as below what will be its cost:-

Raw material BasicPrice Input Vat Qty Amt
A 25 0% 1kg 25
B 60 5% 0.5kg 30
C 250 5% 0.1kg 25

The product manufactured is sold at a vat rate of 14.5%. So take the cost for charging markup we should calculate(A+B+C) WITH OR WITHOUT VAT???

One of my Client is having business of Trading in Sulphur, He died instate,
As his father is in critical condition,
He made an Agreement for Succession on a going concern basis.
I want to know what are the procedures or document to be submitted under mvat act to make the business of the said firm in the name of his son.

Regds

Vinod Ramchandani

VAT rates in Karnataka has increased to 5.5% & 14.5%.. but whether it is applicable only for Local Sales or for both Local sales & Interstate (When the party did not issued C forms)?

sir, we received the c forms from our customer for excluding cst tax amount of invoice value, but some customer issued to us for total invoice value? so my question is which amount we have to collect the c forms form our customer?

HI All EXPERTS

MY QUERY IS BELOW:-
I am working in a partnership firm. In this firm Sales tax assessment is not being done from AY 2005-2006 TO TILL DATE.
1. IS SALES TAX AUTHORITY PENALIZED US?
2. WE HAVE MANY C FORM SHORT SO THEY ASSESSED TAX ON THAT SHORT C FORM

3. IS ANY INTEREST CHARGED BY THEM

AFTER FINISHING THE ASSESSMENT YEAR WHAT IS THE TIME LIMIT TO DO DONE THE CENTRAL SALE ASSESSMENT??


IS MANUAL ORDER APPLICABLE FOR ASSESSMENT??

pLZ HELPPP

pls give me state wise limit for registration and minimum turnover for applicability of VAT Audit.

pls its URGENT

The query is in reference to Karnataka Value Added Tax 2003
Is leasing of furniture chargeable under KVAT Act, 2003? if yes what is the present rate of tax? Can I claim the vat credit?
can I sub lease the same material and charge VAT

sir my question is if the seller send the material on 3o th sep then i will get the material onward next month mean 2 or 3 oct & same I will book purchase.i will get issued c form on next qtrs & but seller will ask me for c form on last qarter then what is prevent how to resolve