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

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

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

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???

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.

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

DEAR ALL

PLS TELL ME HOW MUCH LEDGER OPEN IN ACCOUNT FOR VAT (GUJARAT)

AND FINALIZATION VAT LEDGER AT THE YEAR END

THANKS IN ADVANCE

Karnataka VAT:

When a Car is purchased for business purpose, whether it is possible to take input VAT credit, if input VAT paid on such purchase?

If such Car is resold, whether dealer should collect and pay output tax? if yes what is the rate under Karnataka VAT?

while purchasing the car if dealer not taken the credit of input tax, whether he is liable to collect and pay output tax on resale now?

I have purchased goods from Banglore worth Rs 500000/- in May, Rs.800000/- in August.& Goods of Rs 300000/- return in Sept. So for which bills i would apply for c form?

Can anybody tell me

We are Manufacturers.
can we take 12.5% or 14.5% capital goods credit.
because the sales tax officers told me 5% ITC only allowed for capital goods credit

Pls.. give me the solution

Regards

N.Sivaraj