A COT dealer would shift to VAT scheme say w.e.f 01.04.2012 under the Karnataka VAT Act. There is closing stock of about 25 lakhs on that date.

Query: Once you change over to VAT scheme is there any adjustment required to the closing stock as the same is tax inclusive (as VAT cannot be claimed as input under COT scheme)?

Is the dealer eligible to claim the VAT input on the value of the closing stock he has as stock in hand? Please provide relavent section / rules in this specific regard.

Thank U

DEAR EXPERTS I WANT THE MAHARASHTRA VAT RATE FOR THE FOLLOWING PRODUCTS AS I AM UNAWARE MUCH ABOUT THE VAT SO WANT YOUR OPINION REGARDING THESE PRODUCTS PLEASE RPY SOON

PRODUCT
CHOCLATES
BREAD
BISCUITS
PASTRY
PACKAGED FOOD PRODUCTS
DIPS AND SAUCES
DESERT JARS
BROWNIES
COOKIES

Please, tell me the procedure of "Online Payment of DVAT & CST", which is mandatory for all the registered dealer.

I HAVE REGISTERED OFFICE AT AHMEDABAD. I HAVE ALSO TAKEN VAT REGISTRATION NUMBER.I WANT TO OPEN MY BRANCH OFFICE AT DELHI. MY QUERY IS THAT WHETHER I NEED TO TAKE ANOTHER VAT REGISTRATION NUMBER FOR DELHI BRANCH?
HELP ME FAST. IT'S URGENT.

Can the applicant have a permanent address proof of any other state and get registered in some other state

WHAT IS THE PENALTY IF ONE HAS NOT FILED THE VAT AND CST RETURNS FROM APRIL 2011

Dear expetrs,

how can get refund of deposit which have been paid at the time of voluntary registration for vat, if there is no tax liability.should it carry forward for how many year.
Is there any time limit to carry forward the deposit.

waiting for ur kind reply.

Thanking you

I want revised my Mvat Audit Report. It is Possible or not? and if possible please give me procedure.

hi experts,

i am fashion designer in Delhi and i am going to register myself in d vat,and my question is if i am sale my good in London, Singapore& Dubai by the exhibitions.so how to raised those bills and what is way of maintaining books of account.usually we sale's in dollars
also please tell me these income how to shows in books and ITR.

Can Local Vat Paid on Purchases, shall be adjusted against CST Sales without "C Form"
whether this adjustment is correct or wrong...??

Please clarify....