Dear sir

in karnataka the state govt announced new rates .5% increases will come in to effect from August 1,2012 for a period of one year. but in the department website there is no notification displayed so when it is applicable the rule

Sir
We are Working in PSU where some vehicle has been taken on monthly hire basis and we are paying 5% Assam VAT under Fifth Schedule Assam VAT Act of SNo 3"Lease Transcation".
Whether we are also liable for pay of Service Tax under reverse Charge?

Thanks in Advance

Kindly let me know within how many months we can file revised return under Tamil Nadu VAT

Sir,

We are manufacturing unit, Shall we take input credit vat for tools purchase for quality laboratory. (vernier caliper, gauge etc.,)

Thanking you

Brief facts are given as under:-

A Ltd.& B Ltd. are separate companies registered under Co. Act but are under the control of same mgt Company (a foreign 100% holding Co. of both the subsidairies- A Ltd. & B Ltd)
Now A Ltd. has transferred certain tangible fixed assets to B Ltd at consideration equivalent to net block value as appearing in the books of A Ltd.

Both the companies are STPI units.

Is the transaction of sale is liable to VAT on transfer of fixed assets?

Dear Experts

We have a sales office in Bangalore. Only orders are booked in Bangalore...all the sales are being done from Delhi.

Now there is a requirement of e-sugam form in Bangalore ...Please guide me as to:

1)what is this form and what is the purpose of this form

2) Do we need to file this form...

3) Should we get ourselves registered under Karnataka VAT for working in Bangalore.....will registration help in any way....

what is the procedure of vat return online?

what is the procedure of obtaining vat registration.(online)

Plz explain me the difference between vat & sales tax?
1.on which goods sales tax is levied,on which sales tax is levied?
2.when tax is to be deducted?
3.which act comes earlier sales tax or vat?
4.in which state sales tax & vat is levied?

Dear Sir/Madam

What is VAT Audit? Is this mandatory?