Dear Sir,
In the case of issue of C Forms,the purchasing dealer has to account for the invoices received from the selling dealer for a particular quarter on the basis of the invoices they have received. The time limit for issue of C Form is 3 months from the end of the each quarter. Therefore One Form C will contain the invoice details of the previous quarter. My question is if the C Form which contains the invoices of the preceding to the previous quarter invoices, whether will become defective?

For Example:
Seller X invoices to the Buyer Y for the period from April 11 to June 11 and July 11 to August 11. The Buyer issues a C Form for the quarter July 11 to August 11 on material receipt basis (means material invoiced on June 11 end is received/ accounted by him in July 11) The C Form contain the Ist Quarter bills in the IInd Quarter, when we submit the C Forms for assessment, the sales authorities said the entire C Form is defective. Is it defective? Is there any case law or notification in support of the cases where C Form is not defective. Please clarify.

Whether Form F is to be issued on account of intersale return by the seller to purchaser. Originally the sale was done against C Form. And purchaser gave the C Form on net vale i.e gross sale minus sale return.

1.Whether kvat applicable on rubber sheet business?
I have some rubber tree in kerala.We extract latex from rubber tree and use acid to make rubber sheets and sell them to rubber sheet suppliers and our sales exceeds five lakhs. Whether we are required to take VAT registration. Please advise me

Hi,

1. Can you please suggest a book or a website where we could find the rates of tax relating to Works contracts in different states in India??.

2. Can anyone let me know the work contract rates in Andhra Pradesh, UttarPradesh, Maharastra and Haryana?? and whether as a service receiver do we need to get us registered in the respective states? What are the timelines for depositing the tax deducted in the respective states and the assessment timelines?

Regards
Ramakanth

hi plz confirm me anybody of below problem

we are the manufacturing firm in gurgaon. we take 100w connection of electricity & one electricity transformer also.
on the electricrty transformer,we received vat input @ 5%, so can we take of that vat input , vat input amount around 20000 rs.
but i doubt that (1)transformer will go in electricity item & on machinery item??
(2)so what we will do of that vat input, take vat input or not???

plz be clear ASAP

gud morning experts,
i would like to know that we are manufecturing unit than can any 1 told me than can we sold our raw material . any rule in sale tax .plz clear

Dear All,

We are the suppliers of dispensible pumps to petroleum industries like HPCL or IOCL.When supplying the dispensible units we are charging 14.5 VAT on our supply. IS HPCL(petroleum industry) allowed to take input of the vat we charged. If they treated DU as Capital goods is they allowed to take input credit or not. Please help me out in this regards.

Sir,
What neccesary enteries should be done for up vat.(input, output & capital purchase)

A fixed asset is bought for 100000 & vat is 12%.
State law says 50% cenvat is available for CY and balance over the next two years.

Entry passed is:
Fixed asset 100000
vat 12000
To Bank/Vendor 112000

What accounting entries are to be passed for
1. recording vat in CY for cenvat credit and
2. C/f balance vat for following 2 years.

(Q. is not state specific - for general understanding only).

hi plz confirm me anybody of below problem

we are the manufacturing firm. we take 100w connection of electricity & one electricity transformer also.
on the electricrty transformer,we received vat input @ 5%, so can we take of that vat input , vat input around 20000 rs.
but i doubt that transformer will go in electricity item & not goes on machinery item . so what we will do of that vat inpu amount???

plz be clear ASAP