Dear Friends,
Registered dealer avails input tax credit for purchase of goods say 12.5% but subsequently he transfers the said goods to a branch located outside the state(inter-state branch transfers) so he should reverse the credit given to him to the extent of x%..and only (12.5-x)% will be availed to him..

My question is what is this x%??.. Is it 2% or 4%?? I need a general rate as I am aware each state has its own rate?? My understanding is we need to take this rate at 2% as it is current CST but I am not sure as textbook says 4%..Could someone clarify this??

Friends,

We have sold a commercial property in Mumbai.

Is there any VAT payable?
I understand that VAT on immovable property is payable @ 1% in case of propery under construction purhcase agreement with builder/developer.

So in my view, VAT is not applicable to resale of property transaction.

Dear Friends, I am working in a manufacturing company. I requires the List of Items on which Entry Tax will be charged by the West Bengal Government during the recent budget.

Hello....

If in case the turnover of a concern has reached 5 Lakhs and that they haven't registered for VAT within 30 days from the date on which the turnover has reached 5 Lakhs, then will any penal charges be levied for late registration?? Plzz let me know ?? This is incase of Tamilnadu VAT

Sir,

If a manufacturer is in Kolkata and a distributor is in hyd and sub distributors is in chennai and the material can send directly to chennai from Kolkata. Clarify on how material to be send and required documents and if vat applicable to hyd distributor can you clarify

sir pls
help me out in vat new rates applicable and service tax, tds,income tax,central excise, luxury tax for the year 2012 &13

regards
Jyothi

Hi all pls help me in the below case.

my client has a jewellery shop and the proprietor expired on march 2011 and the returns have been filed till february 2012.

now the eldest son wants the proprietorship to be transferred to his name.. Is this possible.? If yes pls tell me the procedure. Its very urgent.

thanks in advance.

after input and out put vat come vat payble come after we filed vat returns what is entery for vat payable in tally

Dear sir,

I am cma imandar khan deposit vat on 21st of the following month due to 20th of the following month was holiday.
deptt. make demand for interest .Is it valid or not.
Please advise me any one.

Dear Sir(s),
We are under WCT Compounded @ 3.03% (incl. Cess). I want to know, whether there is any changes are made regarding the WCT Charges.

Also, we collected Service Tax of 10.3% & 4.12% till 31.03.2012 against our invoices. 10.3% on Erection, testing & commissioning, and 4.12% on Work Contract Services. Please mention the changes made w.e.f.01.04.2012.

expecting the reply
thanking you,

SURESH KUMAR.I.S