Alok mukherjee
06 March 2012 at 10:49

Wct issue

hi
In a WCT contract, where both material & labour are identified,

1)Is the below billing correct?

Material 200000
Mvat @ 4% 8000

Labour services 100000
Service tax 10300

total 318300 Is this billing correct?

2) While releasing the payment on which amount WCT TDS is to be deducted? on 110300 or on 318300?

thanks.


Jaikrish
06 March 2012 at 10:09

Input tax credit

Period to use the tax paid on purchase .

for example:

If i lost the purchase bill and i get it after some period say 4mths.

am i eligible to utilise the input tax paid on purchase which was made by me b4 4 months?

please solve my query...


R.VEERASAMI

Please inform whether input tax credit is available for purchase of scaffolding and centering materials for civil works contract. Tamil nadu dealer


RAJIV JHA
05 March 2012 at 16:52

Vat surety delhi

husband proprietorship business having registered in dvat delhi since 2001.
My question is a new proprietorship business would be formed in wife name, can husband proprietorship business give surety to wife business for vat tax registration in Delhi.



Anonymous
05 March 2012 at 16:27

Is filing of returns compulsory?

1) As per MVAT Act(Maharashtra VAT), if a Dealer has obtained Voluntary Registration, is it compulsory to file returns even if the turnover is NIL?

Also, is he liable to recover/charge MVAT from his clients even if his turnover is less than the prescribed limit for registration(but has obtained voluntary Registration)?

2) What if the Dealer is also registered under CST Act? Is filing of CST Returns compulsory even if there are no inter state transactions during the period?



Anonymous

One of the company dealing in interior desinging in Andhra pradesh wants to register for works contract.
I heard there are 3 methods of calculating VAT and service tax under works contract.so which one will be beneficial for the company


Jayaprakash

Our company is in manufacturing FMCG business, we sell our product through depot sales and as well to direct sales to customers from factory.

We send our stocks thru excise paid challans to depot, in transit, sometimes, depot received short quantity against actual quantity sent.The cost of said short quantity recovered from our transport agent. By any chance will it be treated as sales under AP VAT act. and VAT payable on the ground that the said amount recovered by the company on the short quanity stocks and it amounting to deemed sales.

Sometimes, we raise insurance claim for the same, in such case , will it be VAT payable on the realisation against such stocks.


Girish
04 March 2012 at 17:34

Sez unit

we had a unit in SEZ Surat please advise if we sale a goods to DTA unit in Interstate trade course or other SEZ unit is there any VAT liability because since 01.04.2008 the guj govt announced zero rated tax on sez sales and purchase pls advise



Anonymous
04 March 2012 at 16:59

Form h

Dear sir,
I am a food grains dealer, having export licence. I would like to know that, what would be the CST rate, If I makes an export of rice, after purchasing from local market. Whether the Form H shall applicable in said transaction for exemption. And also, from where I can get Form H.
Please advise me.


ANKIT GOR

Thanks For Your Humble Support in My Past Query.
I am Happy to Said that Now I become Inter CA.

Fine, This time My query is that, my Client Has only local gujarat VAT No. no any CST No.

CAN I file the VAT Return In e-filling manner of VAT return.

I am waiting for your Humble Key Answer.

Once Again Thanks to all my Sirs






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