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Anonymous

please explain me about the application and account of kerala vat on an automobile dealer who purchasing both used vehicle and new vehicle for resale


shrijesh
06 February 2012 at 01:02

Revised return form 231

For F.Y 2008-09, 2009-10 and april 2011 to Dec 2011, which section will apply for revised return of form 231?



Anonymous
05 February 2012 at 23:07

Work contract

We have been awarded a Work Contract in Banglore. What is the Vat effect, Entry Tax, Labour Cess in Banglore if we open local office in Banglore. Or we work from Delhi. is any other tax is their


gourav
05 February 2012 at 15:05

Vat on foc

In automobile dealership we give the assessories free of cost with car. The assessories is purchased on CST. Is vat applicable on FOC sale in haryana?



Anonymous

Definition of Ayurvedic medicines that covers under the 5% rate of vat


Ca Siddharth Mehta
04 February 2012 at 16:29

Set off eligibility

A search & seizure action was conducted on the dealer and lots of unrecorded
sales and purchase invoices were found. Naturally, he has to pay tax on
unrecorded sales. Whether set off is available on corresponding unrecorded
purchase?

under MVAT Act,2002


Ca Siddharth Mehta
04 February 2012 at 16:24

Eligibility of set off

A dealer is liable to file monthly returns, purchased a raw materials by paying
tax @5% & 12.5% in the month of December 2011 and used the same in the
manufacturing of product and the said manufactured product were sold in the
month of February 2012. The rate of tax on the manufactured product was
5% under schedule C.

Situation 1
However, from 1st February, 2012, the product manufactured became tax free
and was classified under schedule A. Whether set off is available on purchase
of the raw materials ? How much ?

Situation 2
However, from 1st February, 2012, the product manufactured became exempt
by Notification issued u/s 8 of MVAT Act. Whether set off is available on
purchase of raw materials ? How much ?

Under MVAT Act, 2002



Anonymous
04 February 2012 at 15:54

Dvat return

If sales of Local Vat5% is of Rs.10,00,000 and credit note raised are of Rs.2,00,000 then what amount should be reported in return 10lakhs or 8 Lakhs???



Anonymous
04 February 2012 at 13:16

Kvat e sugam

Dear Sir,

We are importing raw material from Singapore for our Parwanoo Division. Since there is no customs department in Parwanoo, we are doing customs clearance in Bangalore.

The consignment for Parwanoo lands in Bangalore Airport, customs clearance in done by freight forwarder. After customs clearance the freight forwarder himself takes the consignment to Gati courier and books the consignment to Parwanoo.

Now the problem is the GATI courier is not in Airport, they are 8 Kms far away from Airport. Now there is every chance for the consignment to be intercepted by the Sales tax officials. They may ask for E sugam.

Is there a provision to generate E sugam Or E sugam is not required in such cases.

Kindly let me know.



Anonymous
03 February 2012 at 16:23

Vat and cst registration

I have applied for CST & VAT registration under kerala Value Added Tax for commodities including cement and steel. My registering authority says that, since the item cement abd steel are evasion prone commodities, the registration certificate will be issued only after the enquiry by the Inspecting Assistant Commissione( Intelligence). Whether such neccessity is there as per Kerala Value Added Tax Act, CST Act. Kindly clarify






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