Atinder Singh
26 June 2012 at 12:07

Input tax credit

dear experts,
i would like to know your kind suggestions in the following situation....

A person is in business of generating power has purchased capital assets and booked VAT input on it. He does not have any VAT output.

Is he could claim the VAT input as refund?


Ganesh S Kale
25 June 2012 at 20:33

Vat creadit enty

sir/madam i give one entry for a in this entry party,vat creadit and payment how to take entry



Anonymous
25 June 2012 at 19:02

Input tax credit disallowance

We have a client firm which trades in commodities like Cotton seed, oilcake, Jeera,etc. Sales price in respect of all these commodities has remained lower than the purchase price throughout the F.Y. 2011-12. Their VAT consultant has stated that ITC on such items will be disallowed due to above-mentioned reason, hence they have not claimed it.

Whether this is correct with context to VAT law?


Ishant agarwal

Dear Sir
One of my client(from Delhi) Local Purchase at 5% and same goods transfer against F form to Central Branch (Rajesthan).
now i want to know that can 5 % refund from Department will allow to me or any liabilities will aries on me.



Anonymous
25 June 2012 at 12:40

Mvat is applicable on builders

MVAT is applicable on builders from which finacial year, can MVAT is Applicable on F.Y. 2005-06 to F.Y. 2009-10


anilwyd
25 June 2012 at 12:08

Vat credit-sales returns

Dear all,

What is the time limit of taking sales returns - is it 30 days/ 60 days or 6 months.

Regarding Karnataka VAT.

Where I can see the Act/ Rules regarding same.

Any Fiancial yera limit is there?

We have sale returns w r t sale of 27th March 2012. Is it OK?

Regards
Anil


Syed Ghouse Pasha
25 June 2012 at 11:29

Urd purchases karnataka

can anybody tell me which commodities can be shown as URD purchases in VAT act karnataka


Sandeep Ladha
25 June 2012 at 10:59

Form applicable

I am transferring goods from Daman to rajasthan.

which form will be applicable for VAT & CST purpose.



Anonymous

We have imported A Mining Equipments in 2010.But we haven't take any Sales Tax Reg as it was meant for Service.As the plan not matured we want to dispose the Machine.As it is a occational sales and we have not CST Reg.Can we sell it without charging Sales Tax ?
In that case whether buyer will face any problem ?

A Datta































































































































aadish
23 June 2012 at 12:21

Query vat registeration

I want to know, one of my client is eligible to register under DVAT, but he normally sold goods on cash, and most of the goods purchase on bills, he is waiting for GST to come, Whether he should register now or waiting for GST to come ??






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