Anil Bhandari

Is Input tax credit(ITC)available on Piped Natural Gas(PNG) used for running furnace in Manufacturing Entity?



Anonymous

If a company develops a payment processing platform ( a software application) to enable an e commerce company for e payment options then

a) Is it liable for VAT? and if yes why?

b) Is it liable for Service tax and if yes why?

c) If the company provides its own software application for e payment to e commerce companies on license fees basis then whether it is covered for VAT or Service Tax?



Anonymous
02 January 2012 at 14:06

Sales outside india

If we raised invoice on USA party, whether VAT or CST or any other tax need to be chareged



Anonymous
02 January 2012 at 13:38

Whether entry tax and cst will charged

Dear Sir,

We are importing goods from china and unloaded at pune br .after paying all import duties .We have H.O at CHATTISGARH RAIPUR some time we tranfer imported goods from pune Br.
Now question raised
1.whether CST and ET will charged on such goods
2. if Yes then on what value.since br tr.is there.
3 how i will record this transaction in the books.



Anonymous
02 January 2012 at 13:25

Regarding cst or vat

I want to sale from Delhi.
1. My customer office in delhi, but the goods goes to Haryana (To Consignee)as per my customer specification.
What will be charged, VAT or CST. Please give me reference of section in CST or VAT Act agst. ur reply.


rajesh
02 January 2012 at 11:22

Credit of vat on construction material

Dear All,

Can a new Manufacturing unit (for Bricks) claim vat credit on construction material used in the construction of factory and office building though production activity is not yet started?

Thanks


anuj
31 December 2011 at 17:11

Invoice and its consequence

dear sir

i am doing audit of one mlm company. they are selling goods to area stockiest on dp price and further area stockiest sale online to distributor also on dp price. so when we sales to area stockiest then we generate vat invoice and when area stockiest sale to distributor then automatic bill generated showing us as seller and distributor as buyer.


please tell me is there any legal issue in showing seller as our name on online invoice when area stockiest sale to distributor?? as there is no change in selling price and area stockiest working only for commission


ritu mehta
31 December 2011 at 15:17

Output tax on capital goods

HI
THERE IS A QUERY ABOUT OUTPUT TAX SALE OF CAPITAL GOODS WHICH IS EXCLUSIVELY USED FOR B'NESS.
MY CLIENT HAS NOT COLLECTED OUTPUT VAT ON SALE OF CG -MOTOR CAR FOR rS 350000.
NOW QUES. RAISE THAT HOW WE CAL. OUTPUT VAT ON CG
ALT 1-350000*13.5%
=47250RS
ALT.2- 350000*13.5/113.5
=41630

WHICH ALT. IS RIGHT.

PLS REPLY FAST.
ITS URGENT AS TODAY IS THE LAST DAY FOR VAT AUDIT.


sanjeev
31 December 2011 at 15:17

Deemed assesment

My uncle has a business named " Jaiswal Sales Agency" and he is filing a return timely. Also, i have seen in the website of Sales Tax i.e, www.wbcomtax.gov.in..that My shop name " Jaiswal Sales Agency " is on the list of Deemed Assessment.
I wants to know what i have to do, to remove the name from the list of Deemed Assessment. Also, What is deemed Asseement.


saurin
31 December 2011 at 15:06

Gvat

Is any ITC available on the inputs to be used in generation of electricity...

ESPECIALLY REFRACTORY MATERIAL AND BED MATERIALS....





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