Dear Experts
As per MAHAVAT Rule(The period for return of goods and refund of deposits for the purposes of clauses (32) and (33) of section 2 shall be six months from the date of the purchase or, as the case may be, the sale.) if goods sold are returned within six months then VAT on original sales entry is also reversed. But what entry to be passed when goods are returned after 6 months

if we paid lease rent including vat than tds will be deducting including vat or excluding vat?

if a partnership firm has already registered in VAT and thereafter firm is taken over by PVT. Ltd. Co.. Is any CST number is required to Pvt Ltd Co. or it can do business with old CST No. aquired from partnership firm ?

Dear All,

Actually my client is doing business of Electronics Item in Uttar Pradesh like :-

1)Freeze
2)TV
3)Cooler
4)Fans
5)etc.(Related to electronics item)

I need clarification on followings matter:-

1) What will be tax rate on same item
2) What will be return due date
3) Which form required for filing the return
4) How to calculate input vat

Thanks
CA.Kanhaiyalal

Due to a fire some stock on which vat was paid gets destroyed. Can the seller claim input tax credit on such destroyed goods?

thanks

If I do not enclosed or found the form 403 while sending the goods can i be penalised for the same by the GVAT Department. what is the effect of the same. and if yes in which section of Gujarat VAT.

While filing VAT return, does income from labour needs to be shown anywhere in the return???? This labour is in addition to the goods sold while servicing an automobile and thus included in the sales bill.

Dear Experts,
I want to know the procedure of making direct delivery sales to a state purchasing from the same state, however I am registered in other state. i.e. I am registered in Chhattisgarh and I want to purchase goods from Maharashtra and sell in Maharashtra itself. What is the procedure and tax rates and documents applicable.
Thanks in anticipation.
Regards,
Nikhil Jain.

Dear Experts,

In case a dealer is running his business from 01.02.2012 and registered himself for VAT & CST w.e.f. 12.03.2012,and at the end while calculating tax laibility and cenvat credit and filing the VAT & CST return dealer consider only sale and purchases from 12.03.2012 OR from the date of commencement of business. If from the commencement of bussiness than how to calculate above?

Kindly revert back on above issue.

Thanking you,

Dear sir,

We have some bills of GIT as on 31-03-2012, which we have entered in books on 31-03-2012. Now can u tell me that in which month we should claim input VAT(in March or In May)?

Please also suggest Journal Entry and Reason of claiming Vat?