Hi,

If a registered dealer of Gurgaon sell goods to Karnataka (unregd. dealer), what form should accompany with transfer of goods.

We have purchased concrete mixer from Hyderabad and paid full tax by sealer and dispatch at Bangalore.The said mixer only for our transportation of concrete business at Bangalore. Now the Sale tax Dept demand to pay full tax ( vat) in Karnataka. hence our mixer still standing on check post.

My query sale tax ( Karnatak) is applicable on above transcation

L.D. Dharmadhikari

Dear Expert

my question is in form no.201 monthly return Total Turnover Means inclusive Tax + Exampled sales

Dear Sir,

is Vat registration No and cst Registration, both can be treated as TIN?
I have issued C form but instead of Vat registration no i have entered Cst registration Number is it wrong

1- If A which is belong to Haryana purchase any product@ 12.5 % in Haryana and this product sale in interstate against C Form and Without C Form what is the rate of ITC eligible for input tax credit .

2- If A which is belong to Haryana purchase any product@ 12.5 % in Haryana and transfer this product to our Delhi Branch how much tax credit allow.

Hi

I was running a business with having tin no...since I have loss in business. I have closed the business retaining tin..which not used to submitted sales every month..today I got msg like

TIN: xxx - Failed to file return Apr-16. Pl file & pay tax & interest @1.5% PM within 10 days to avoid higher penalty/prosecution & disruption of services to you. - LVO 120 - Bengaluru
Pls suggest what to do

Waiting for reply

Dear sir/mam,

I am doing internal audit of a Ltd. co..
During vouching of jobwork expenses, i found an invoice in which company has taken a machinery on rent for which prior agreement is there.
In the bill vat is charged on the amount of rent.
I think vat should not be charged on rent as it is not a sale.
Please suggest me in above whether its correct or incorrect?

I want to know about weather Basil Seed (TulsiBeej) is taxable or not.

Haryana vat. Rate of interest on late payment of tax and penalty

The firm is in business of construction of flats and it is receiving advance from customers before completion of construction. So firm is filing VAT 100 by treating advance received as turnover and the calculation goes as below:

ADVANCES FROM CUSTOMERS(A) 500000.00
LESS : REFUNDS(B) 0.00
(C)=A-B 500000.00
LESS: KPTCL / BWSSB DEPOSIT(D) 0.00
(E)=C-D 500000.00
LESS: 30% LAND COST(F)=E*30% 0.00
(G)=E-F 500000.00
LESS: LABOUR & LIKE CHARGES - 30% (H)=G*30% 150000
(I)=G-H 350000.00
LESS : SERVICE TAX COLLETED (J)=(A-L)*3.09/103.09 13710
(K)=I-J 336290
LESS: VAT COLLECTED (L)=(K*14.5/114.5) 42587
Taxable Turnover 293703

Firm is not under composition scheme. Kindly help me out on how to calculate VAT and service tax. Whether what has been done is correct or not? Here as per books there are refunds but not considered while calculating.