what is the work contract Tax (WCT) ? Is this advance deduction of VAT ? Kindly Explain in detail

my client has shipped a container in his name which contained vat taxable goods but of the total only 50% belonged to him and the remaining to other buisnessman so do my client need to pay vat on 100% goods shipped by him since the goods were imported in his name or just 50 % ...... he does not have any proof to prove that the remaining 50% imported goods does not belonged to him plz guide and in advance thanks

Sales tax registration ke liye konse forms jaruri h bharne with name? Kitni copy me bhare jate h? Advocate or CA ke sign hone jaruri h kya?

I, am B.Com Graduate, and right now i m working in a retail business firm and i want to do a part time job in this regard the Sales Tax Practician is have a value so, kindly suggest me for the same.

My company based in gujrat, wants to send a computer for my purpose in kolkata. It is unregistered in kolkata.

is a way bill required even it is brought with full cst payment?

if so, what is the procedure to generate a way bill in case of unregistered dealers??

Awaiting opinions

Who is the Casual Trader under Sales Tax. With Example, as earlier possible

While doing interstate work contract, we are liable to pay CST with the amendment in the CST Act. The client is also liable to deduct taxes from payments and pay to the Government of the state where the work is executed. Is it not a double taxation. Please guide how to go about in this case. Works contract is bein g deducted and not Income tax

Dear Sir,

Whether VAT on Fixed Asset total credit available in the same year in which asset is purchase in MVAT Act?

Mr. A has to collect VAT of Rs.250000. He has not collected the amount as it was not clear whether VAT is applicable or not on the product. The court gave verdict in favour of Revenue. He has to make the payment. He has made the payment and showed it as VAT (Under protest) on the asset side.Since the Revenue has won on the first appeal there is no chanse for winning in the second appeal.If the party fails to win ,how he has to account for the VAT paid from his pocket. Whether the present tratment of VAT (under Protest ) is correct.Is it a Current asset.What is the appropriate treatment?

It seems the question is not properly understood. As per my understanding if we fail to collect VAT from customers we have to bare it from our pocket. Therefore what ever we have paid as VAT is a loss for us as we have not collected it. Even IF VAT is not applicable the Court may not order for refund of the amount which is collected from the public and remitted. It mat say that hereafter the party need not collect. In such a situation what is the position of VAT amount shown as current asset? Is it better to write off the same as loss. For example there are two business persons A and B. A has collected VAT Rs 250000 and B did not collect. Since the revenue has won in the first appeal both have paid the amount.A paid the collected amount and B paid out of his pocket since he has failed to collect it from the public. Whether B can claim it as current asset. He is only an agent for VAT collection. How can he claim it as his current asset. I hope the situation is now more clear. Please explain what should be the treatment for the amount paid as it is the amount to be collected and remitted and it is not an amount due from the party.

In works contract we are supplying and instolling the motor pump for irrigation project is it taxable for at 5% instead of 14% as per Sixt Schedule