Hi,

I have a query on input on capital goods in Karnataka, We have purchased some capital goods, mainly furniture & Fixtures, Racks, Freezers, etc. we are in trading business. Please tell me can i take input credit on these items, and for within what period as per latest KVAT Act.

is VAT liable to pay in case of purchase from
unregistered dealer if i am a registered dealer and
1. if i sell that goods on VAT basis or
2. if i sell that goods on CST basis

and if i deposit VAT on purchase from unregistered dealer then can i claim for input credit of that VAT in both above cases.

Whether there is any seperate time limit for dealers for Purchaser to give C Form to the seller.

As per as the law is concerned:-
C form obtained from the purchaser needs to be furnished by the seller to the prescribed authority within 3 months from the end of the period to which the form relates as per rule 12(7) of the CST(R&T) Rules 1957.

But nowhere i found any time limit for a purchaser to give the C Form. Please Giide?

SIR
CAN U TELL ME PLZ WHICH FORM TO BE USED
FOR DEPOSITED CST TAX RETURN WHEN TAX IS PAYBLE.PLZ SHARE

My understanding is that E Sugam is currently in vogue in Karnataka. A consignment for us to Kerala is now not being accepted by the transporter in Haryana because we are not able to furnish the E sugam form.
Our sales tax office has no clue about this initiative.

Would e sugam apply to consignments that pass through Karnataka as well, and is that why we are stuck?
Tomy Mathew
Elements

dear expert,

WE A PRTNERSHIP FIRM WOULD LIKE TO BUY PRODUCTS FROM A COMPANY ( ANOTHER STATE) AND APPOINT DEALER FOR SUPPLAYING THE SAME. NOW MY QUESTION IS WHEN I BUY THE PRODUCT WE WILL BE PAYING A TAX AT THE RATE OF 2 % AGAINST 'C' FORM, ELSE VAT APPLICABLE AT SELLERS STATE. BUT WHEN I SUPPLY THIS TO THE DEALER AM I SUPPOSE TO CHARGE THEM THE SAME TAX? AND SUBSEQUENTLY THE DEALER CHARGE THE RETAILER ?

THANKS

KIRAN

Sir,My Friend have a sole trade business in State Andhra Pradesh ( A.P ) and he purchased some furniture from Mumbai for selling purpose and he paid CST there. Now my doubt is does he get any Input credit while selling that goods at A.P ? Plz help me about the Tax Treatement in this situation.....Thanks alot sir....!!

Dear Expert(s)

This is regarding F Form value. If the Consignor stock transfer say 10 Pcs @ 100/- each total Rs. 1000/- through way bill.

The goods sold @ 125/- i.e. total is 1250/-

Now for what amount we should issue F Form Rs. 1000/- or Rs. 1250/-

Thanks in advance.

Dear sir,

I am working in Pragati group of companies as an accountant. I have a query.
Our company is importing agricultural machinery from China and there by purchases are accounted.
When we are selling the agricultural machinery, what is rate of KVAT , whether 14% or 5%. Also whether we have to pay entry tax on import of machinery. Also it would be helpful for us if you can send the concerned notification in this regard.

Thanking you,

Chandrika

Dear Sir/ Madam,
My client has firm of Acid & Chemicals in Gujarat. They Sale their goods in Rajasthan & Maharastra. He has no any other firm out side of Gujarat. So, they take 1% CST on their gross total of bill amount. When my client mention 1% CST on Sales bill he is entitle for get C form or not. Please give me reply urgent.