We are Manufacturer of PU Sheets,
At these time we are charging VAT @ 5%.
But some other dealer are charging VAT @ 12.5%. I want to confirm about these that in which schedule we covered.
What % of tax we should charge either 5% or 12.5%.
We are issuing invoice with description like "PU Sheet 35x72x100".
Please confirm about the tax rate.

Sunil Kumar
9811208195

We are Builders company.We are deducting VAT @3.03% from contractors payment.Now we are under liablity to issue form 20F as per Kerala VAT Act.So we have filled 20C to submit cheque in favour of Commercial Tax officer WC & LT.Now where can I submit 20C and is it to be filed through online before giving 20F to contractors

Pleas egive me a reply. Iam for ur valid reply.

Can a Company get vat credit on water coolers.

Can we charge VAT 4% on the sale of polished granite when there is a work contract agreement by applying service tax? Where the customer belongs to out of AP state.

The actual VAT applicable is 14.5% within AP and CST 2% against the C form.

The firm is located in Andhra Pradesh where billing will be done.

If service tax is applied what is the tax to be charged( at what %)?

Can anyone help me to clarify my doubt on VAT?

My company is a manufacturer of packed food products in Kerala. For sale of goods to Mumbai what will be the total tax liability chargeable. We are selling our products through a dealer in Mumbai. From the dealer it will moves to the retailer. If we are selling the product at Rs. 100, our calculation on tax liability will be like this.

Selling price =100
CST = 2
Octroi (@5.5%)= 6.6
Dealer price =108.6
Dealer margin = 1.4
Selling price of dealer = 110
VAT @12.5% = 13.5

Cost price to retailer =123.5
Profit to retailer = 1.5
Selling price = 125



Whether the above calculation is a correct one?

Suppose we sell goods to the dealer at free of cost ( one case free for one case purchase), whether free goods is also taxable? Retailer will sell free goods at full price to the customer.

Dear sir
I am receiving goods against Form "F". How i can treat this transaction in my account. Can i treat this as purchase and pass entry for Purchase or Open a HO account and pass a journal entry, for eg.

Goods a/c .........Dr
To Ho account.

in the normal cource of business every dealer keep demo cars for demostartion of features,driving comfort,smoothness of car,etc. being a dealer he need not to buy demo car from market, and the same is capitalised from its stock.
to make car runing worthy on the road, required to get registered under motor vehicle act. and as per registration process, invoice is required.
now if dealer issue invoice for demo car in its name, require to pay DVAT on it.
whether it is a transaction eligible ( comes within the ambit of sale defination) for paying tax.

whether dealer has to pay VAT when he will actual transfer the vehicle after use of it to outside buyer.

We have registration of ET in Bihar State, There we are executing road project, now we purchased machinery on CST and paid 8% Et on the invoice value, if we transferred these machinery from Bihar state to other state within two year then will entry tax on the transferred goods returned?

Hi
Can any one help me my doubt. I am working in a trading company in kerala. Our purchase from different states. Here in kerala Vat is applicable. My query is CST is applicable or not. OR CST is include in vat kindly tell me. Thanks

Dear Sir,

I have booked a Flat in Kochi,Kerala in Aug 2007 and 90% of the amount is paid by October 2009. The appartment is almost ready for occupation and the builder has sent a final bill asking for Service Tax+VAT+Labour Welfare fund which in total is 9.12% of the agreement value. I understood all the payments made before 1st August 2010 is exepmted from Service Tax , does this mean that I need not pay service tax ?

Is there VAT on construction of Flats ? if yes how much is it ?

Thanks in advance