Dear Sir/Madam,
Our Scope of Supply of Control Panel is Rs.5,00,000 & have received material to be fitted in Control panel from customer worth Rs.5,00,000.
We will bill the customer with Rs.10,00,000 with Excise duty of Rs.1,03,000. But for VAT calculation the free cost material worth Rs.5,00,000 must be removed as stated by customer and to be calculated on Rs.6,03,000 (ie., 11,03,000 - FOC material Rs.5,00,000 = Rs.6,03,000).

Is this method acceptable. If so under what rule / sections of Tamilnadu VAT Act.

Experts please advice at the earliest and thanks in advance.

T.Ram Mohan

Dear Sir,

one of my client doing Home Purpose Boiler Manufacture, his total turnover does not exceeds Rs. 25 laks as per VAT ACT, he wants to change from VAT to COT,
plz answer:

1. Can he Change from VAT to COT
2. Manufacturer can opt for COT

kindly answer

shivakumar
Davangere

Is cess or royalty liable to be paid in case of Sludge sale of crude oil...

I need some clarification regarding VAT for the following.
Hi Experst pl help me
We have purchased the spares and accessories paid VAT @ 5% / 14.5% and
our sale commodity rate of VAT is 5%. Whether treat it capital goods
or input, if treat capital goods what % is eligible for us to take
credit.

In this connection, Commissioner of Commercial Taxes, Chennai give the
clarification as spares and accessories are treating as an input and
avail the credit in the same month.

Kindly give the correct solution in this regard.

What are the advantage of E1 form to manufacturer.

would it be correct to say that there are two kinds of sales tax in india-cst and local sales tax (now vat )...also please define cst (central sales tax )

If discount is given, Gujarat VAT should be charged on net off amount or gross? If net off which kind of discount is allowed?

Dear All,

I Had a Soft drink agency business but
8 months ago I shifted my business to Cigar-ate agency. I submitted the photocopy of old vat registration along with formal letter to authority for changing the nature of item. But still now I have not getting no response from authority, but I continued my new business from last 8 months & submitted my vat return usually.

Am I getting any penalty in near future??

Hi

We are company engaged in the business of installing grid connected system operating in Karnataka

Under Grid connected system we would supplying various material to our vendor

Please let us know whether we can raise invoice with description as grid connected system as we have received single po from vendor with applicable vat rate or we need to give details of material supplied with vat rate.

Kindly suggest

Dear Sir,

Under Works Contract, Instead of issuing Single FORM 406 & 409 for financial Year, Can we issue FORM No. 406 & 409 against each Purchase Order to one contractor in one Financial Year as per the requirement of Contractor in Pune, Maharashtra.

Please guide.