Hi

I have a doubt about the tax implication.
X company is manufacturing Product on behalf of Y company with the main material supplied by them. X company is transferring the same product to Y company by charging VAT. But the main material is supplied by the y company. how can we show the cost of material in accounts. Is there any tax implication?

Pls suggest me.......

Thanks in advance

MY PURCHASES RAW MATERIAL FROM THE LOCAL MUMBAI MARKET FROM URD DEALERS AND GETS MANUFACTURED IN TO A NEW PRODUCTS AND SALES IN THE LOCAL MARKET (HE IS A REGISTERED DEALER). HE DOES NOT GET ANY BILL FOR PURCHASE FROM REGISTERED DEALERS FOR RAW MATERIAL PURCHASED AND ALSO FROM THE LABOURERS. THIS WILL BE A PERMANENT POSITION. IS THERE ANY PROBLEM FOR NOT PURCHASING FROM REGISTERED DEALERS FOR EVER.

I intend to import certain spices and sell it to a buyer in another state.For e. importing into Mumbai and selling it to a Delhi buyer.

what will be status of VAT for me..

ca input tax credit claim on closing stock?
and what is atock reserve? with an example.

sir,

i am tot dealer.do i have option to change from tot to vat dealer.
what is the procedure?

what is the difference between tot and vat?

Thanks in advance.

Dear sir,

What is tot registration.who should apply it.why not vat?

what is the tax rate for tot?
is it required to file returns for tot?

Is it essential to pay 100% of VAT as CG VAT, for the first and second month of every quarter is 10th of subsequent month if the liable to pay tax ordinarily of rupees twenty five lacs per quarter or above or rupees one crore per annum or above

Is it possible to e-payment of VAT ( Madhya Pradesh ) through HDFC Bank Ltd. today ( 30-09-2011 ) ?

sir/madam,
if sales tax payable of April to September 10 which is not paid till september 11.
can we get intrest payable on sales tax in balance sheet or can we get expenses for the period of march 11.

Dear All,

What should be the value of the goods to be given in C Form in case of Transit sale by the ultimate buyer to the first buyer???