Our one local supplier who engaged in supplying stationery & housekeeping materials he charge Vat @4% on bills or some bills they charge Vat @5% or sometime 12.5%

How it decide ..?? n how can we cross check ??

Hi,

When your orgnization is applicable for VAT payment..?

Payment date of VAT ?
Return date of VAT ?
What is VAT Summary..??
What is Vat Set off ??
Which Entry to be passed after filing return or payment..???

I will be very thankful to you if anyone can give the detail in short how to file VAT return..? which form etc..?????

plz advice me about the documents for procuring tin no & its procedure in case of person having partnership

My Puchase (Input VAT) till 31st March is 30000 and i got my VAT NO on 18/05/2012. so in Financial Year 2011 - 2012 i have 30000 Input Vat and No output VAT

So will i get refund of 30000 or Setoff in next Financial Year.

Please reply me....

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?