Dear experts,

Please give me brief regarding following

1) What covers under composition scheme under KVAT

2) What is rate in composition scheme

3) Can we take full input tax credit on all material or there are any restrictions ?


Thanking you in advance.

Require to know the VAT rates for the following items in all states in India:

1. Drink Coolers
2. Frozen Food Storages

Thanks

My Company stop business activity like sales and purchase since 2004 but I fail to inform the authority since then we have not submitted any vat return now for the A.Y. 2011-12 we received 2 Demand Notice u/s 32 form 303 for the period 1/10/2010 to 31/3/2011 payable Rs.84789/- and Period 1/4/2011 to 30/9/2011 payable Rs. 79011/- including interest. In both the Notice they are showing Net turnover of sales Rs. 60000/- and Vat Rate is 12.5%. My Question How I solve the matter and avoid the above liability? also send me draft letter to inform them.

Dear Sir,
I,want to ask realted to, a dealer in Regd with Delhi Vat, have made purchase out of Delhi against C Form.

can such dealer sold goods against C Form, if can under which section

Regards
K D Sharma
Email kds70@rediffmail.com
Mob 9810752318

A party has issued a single 'C form' for two quarters of the year 2008-09 to my client. But sale tax Deptt. is not considering the said C form in assessment proceeding of my client reason that c form is req. on qtrly basis but said c form is recd. for 2 qtrs. and deptt. has raised demand.
Plz suggest any case law or reply to save the demand.

hi experts,

i m a ladies dress designer,like suits,sari etc.and my turnover is 50 to 60lac per annum,i want to know that vat no. is required for me. if yes so what i do next.

I have registered my firm at Jaipur and have taken a civil work at orrisa. what should I do for getting exemptions for vat.

One of our clients is the manufacturer and supplier of Disposable Pump to the dealers of Petroleum companies like IOC, HCL, BPC etc.

These companies (purchaser) who in turn supply these Disposable Pumps to their dealers. (Disposable Pump is installed in Pertrol Bunks through which pertrol or diesel is delivered to the customers)

Now petroleum companies are saying that they are able to take input credit for the purchases of these items.

We want to know the real situation

Dear Sir
If Loading Charges & Freight Charges including in invoice & Charge on that amount MVAT is it write relating of vat act?
for eg.

Sales 12.5% - 1000.00
Excise Duty 10% - 100.00
Edu. Cess 2% - 20.00
S&Hs Cess 1% - 10.00
Loading & Freight Ch.- 50.00
Sub Total = 1180.00
Maharashtra Vat 12.5% -148.00
Total = 1328.00

Dear Sir

We are in the category of Quaterly return filing, we last filed our sales tax retur for the qtr ending on 31.12.2010, if we file all the pending returns today how much will be the penalty, whereas our turnover is NIL.

Please provide the anwer.

thanks