I have not filed my 6monthly maharashtra vat return for 30 sep 11. Not even paid the vat upto now. How do i calculate interst n penalty on vat if i pay it in this month ie november 11. Also which form should i fill with form 231. I do not hav 2 pay cst.
Thanx

How to calculate the VAT?plz give me the example.

WHAT IS FORM A.R.E-1

HI

I WANT TO KNOW ABOUT KARNATAKA TAX ON ENTRY OF GOODS I REQUEST EXPERTS EXPLAIN BRIEFLY.

DEAR EXPERTS

1] WHAT WAS RATE OF CST (FOR SALE AGAINST C-FORM) IN WEST BENGAL IN 2008-2009
2] WAHT WAS RATE OF CST (ON BARDANA) IN WEST BENGAL IN 2008-2009

THANKING YOU

VERY URGENT

Are CS can do CST sale ?

Wt happen if, such CST sale to be done by CS in the state from where he received goods as stock transfer from his principal / manufacturer ?

For Example : Principle (Manufacturing place) resides at Gujarat, from where he did stock transfer to product to his agent situated at Maharashtra. Later, agent sold CST sale to a customer resides in Gujarat. Are CS can do CST sales in this way.

KIndly help. Treat urgent

1 Transportation
2.Packing & Forwarding

Above 2 head Vat Applicable or not in Maharashtra. How to Calculate?

Hello sir ,

i have an invoice regarding purchase from the registered vat dealer,but he forgot to mention or charged the amount of vat in it,so can i take the tax credit on that purchase,if my purchase is of rs.2205.so how much i can take input tax credit pls reply early.

Thanks in advance

Sir,

I have a business of Civil Contractor & execute work contract with Indian Oil Corp. Ltd. in PUNJAB.

The Indian Oil Corp. Ltd. deducts 4% WCT from my total value of bill & 2% of TDS, [example my total bil is of Rs. 1,00,000/- IOCL deducts Rs. 4000/- as WCT (work contract Vat)& Rs. 2000/- as TDS (Income Tax)].

I purchase items applicable under 4% tax & also 12.5% tax, I also purchase 4% tax goods against Form "C" from Haryana to execute the work.

I have filed my returns of sales tax as under for year 2007-2008 :-

Payment Received = Rs. 1,00,000-00
Less Labour = Rs. 33,000-00
------------------------
Rs. 67,000-00

Tax payable @ 4% on Rs. 67,000/-

Tax Payable 4 % = Rs. 2680-00
Tax deducted by IOCL @ 2% = Rs. 2000-00
vat paid on purchase 4% = Rs. 1000-00
vat paid on purchase 12.5% = Rs. 500-00

Total VAT payable = Rs. 2680-00
Total Vat + WCT = Rs. 3500-00
-----------------
Refund Rs. 820-00

As above i have filed my returns.

My case is under for Assessment & ETO is saying that he will charge as follows:-

Payment Received = Rs. 1,00,000-00
Less Labour = Rs. 33,000-00
------------------------
Rs. 67,000-00

As per ETO,Vat payable according to the purchase

50% as 12.5% & 50% as 4%

i.e 33500 @ 12.5% = Rs. 4187-50
33500 @ 4.0% = Rs. 1340-00
--------------------
Tax Payable Rs. 5527-50
Tax deducted by IOCL @ 2% = Rs. 2000-00
vat paid on purchase 4% = Rs. 1000-00
vat paid on purchase 12.5% = Rs. 500-00


Total VAT payable = Rs. 5527-50
Total Vat + WCT = Rs. 3500-00
-----------------
More Tax Payable Rs. 2027-50
Penalty Rs. 3344-00
-----------------
Rs. 5371-50

I was thinking i will get refund according to the above filed returns but the ETO is asking for additional Tax & penalty. He is making it to Rs. 5.00 Lac.

Please help me out, I have heard of composite tax scheme by center also, where we need not to file returns & need not to pay any additional taxes or get refunds.

Can i opt that scheme now.

plz help me out my profit margins are too low.

will the CST purchase of iron on which 4% tax is applicable will also be included & the ratio of 50:50 of purchase local 4 % and 12.5% will change ?

Please help me out.

i wanna know about credit input
(d-vat) on fixed assest