some one please tell me what is the concept of VAT TDS? Please explain with examples with amounts and on which part it is to be deducted???

it is unethical to say no input credit on right to use asper sec 11(4). If there in no input and out put it is income tax not vat.
an example i purchased an item for Rs 1000 paid kerala vat of 40 and leased for Rs 100 i collected and paid Rs4 per month so a year Rs 48 + 40 =88 or 48-40=8 .In Vat duplication cannot be tolerated. Other way if the leessee think of buying insted of leasing he can utilise loan interest as expence depreciation and vat input. How to fight this in VAT before GST

Dear all,

We have splited our customer account (XYZ)account into two part XYZ-1 & XYZ-2 for billing our two separate line products...
Above two accounts are opened in system against same VAT No , PAN No & proprietor's name because XYZ is a proprietor ship company...
This steps are taken only for control separate line products billing & O/standing purposes...
Now,Please advise , is there any violation of rules from accounting & VAT point of view...

Regards

S Mullick

There is a provision in VAT, which says that unless the seller has deposited the VAT amount into Government Treasury, the purchaser is not entitled to input tax credit (set off)(Ex : Sec 48 of MVAT Act). I came 2 know from some source that,there was a recent case law (may be of Punjab & Haryana High Court)which contradicts the above provision. Can someone confirm whether there is any case law as such? Also if I can get d text of the case law ?

A dealer transferred goods to a consignor for sale ,consignor after adding some commission sold the goods .now as the dealer even though paid vat on attaining goods cannot avail credit…and the consignor has to pay output tax on the sold goods .So both cannot be adjusted …could someone suggest a provision in tat case

This is to inform you that the company purchased movie rights in the financial year 2002-03 of Rs. 2 Crores. Now the company wants to sale the said rights at Rs.15 Lacs. We would like to know whether company has to charge VAT . If yes, at what rate under which scheule. Please give clarification with entry No falls under VAT Schedule.

A contractor who constructs a construction on contract basis and he uses his own raw material as well labour. please advise me whether he will have to pay Vat on his billing under Maharashtra Value Added Tax Act, if yes, what is the rate of Vat.
Shall he avail vat credit on raw material purchases, similarly shall he get any deduction / abatment on his billing since he is a contractor and not a dealer.?

my one client is engaged in books business.
vat or any tax such as octroi is not applicable.
he has many fixed assets.on that he had paid vat.the amt is huge.
can he claim refund?
for that what is the procedure to be follow?
pl guide

A company had given a supply order of 10 items to a party x. The value of 10 items is say rs 1000 i.e all inclusive. Now when the goods was in transit, 4 goods were damaged the value for which the buyer is going to lodge claim from insurance company. Supplier will be paid fully for 10 items since insurance is at buyer's end. Buyer had actually received 6 good items and therefore purchase was booked for 6 items but waybill and the supplier's invoice was for 10 items. My question is on which amount, the seller will issue "C" form.
a. on full value as mentioned in waybill/invoice

or

b. on the value of purchase of the goods actually received i.e value for 6 goods.

The entry made by the company
Insurance Receivable Dr 400
Purchase Dr 600
To X 1000

X A/c Dr. 1000
To Bank 1000

Dear Sir / Madam,

Our office in MP and we place order to our vendor in UP for supply the material against Form 'C'. Our UP's vendor place order to other party in Bangalore to Supply material directly to MP and requesting us to issue Road permit to party in Bangalore. Please advice, can we issue road permit to Bangalore's party.

Thanks & Regards

Sandeep Bhardwaj