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Prakash Kochar
15 September 2011 at 23:06

Vat on lease of movable assets

A has given Excavator for earth work to a company. For purpose of calculation of consideration hour basis was fixed. The diesel,repairs & expenses for driver etc. are to be born by assessee i.e owner of machine.
Under such circumstances whether on gross amount of bill VAT will attracts under the provisions of Maharashtra VAT Act?

Whethwer the Buses given by MSRTC on contract basis for tours or marriages will be covered by leaseing of vehiocle temporarily? If turnover exceeds Rs. 500000/- in a year, tax will attract?

Kindly advice in the matter with case law or circular if, any.
Thanking You


saifraj

I have applied for 'C' form under mvat, and same C Form has been received.

Now due to some mistakes in that c Form I have to cancell the same and applied for new C form.

Please give me application format for cancellation of C Form received to me.



Anonymous
14 September 2011 at 23:04

H form

Mr. A is regrtered dealer in DVAT and purchased goods from chennai against C-FORM and directly he exported goods to USA from chennai party's warehouse and gave possession from that warehouse and goods are cleared from mumbai port. NOW WHAT TO DO FOR H FORM as to get issued from delhi or banglore. Please tell me my liability with regard to H-form as all the custom formalties are completed by the Usa party


VISHAL SHARMA
14 September 2011 at 15:06

Sale of pre used motor car

MY CLIENT IS A REGISTERD DEALER UNDER WEST BENGAL VAT.

IT WANTS TO SELL ONE CAR WHICH HAS BEEN USED FOR SOME TIME.

WEST BENGAL VAT PRESCRIBES 4% VAT ON SALE OF PRE USED CAR. FURTHER IT GIVES A DEDUCTION OF 50% UNDER RULE 26K TO ARRIVE AT TAXABLE TURNOVER WHICH WILL BE CHARGEABE TO VAT.

CAN ANYONE SUGGEST (1) WHETHER MY CLIENT WILL BE ENTITLED TO DEDUCTION UNDER RULE 26K CONSIDERING THE FACT THAT HE IS NOT A DEALER OF PRE USED MOTOR CAR. (2) WHAT WOULD BE VAT RATE CHARGED IN INVOICE/BILL.

THANKS

VISHAL SHARMA


CA Mandar Joshi
13 September 2011 at 23:21

Mvat credit- hotel industry

Regarding vat credit on capital item-
a hotel company purchasing a LCD projector lamp for its banquet hall. Can they get The vat credit? if yes, to what extent? if no, why?


Loyal Food International
13 September 2011 at 22:15

Input credit on capital goods

Respected Sirs,

We estbalising a food industry, buying machineries with VAT payment, we file monthly sales tax return, what is the procedure to claim input tax and how?, we have not yet started our production and sales.

Waiting for your valuable advice in this connection.

Thanks and regards

Murugan, Partner


Jitender Singh
13 September 2011 at 13:45

Registeration

Dear Sirs,

Our company has no registeration at Rajsthan for TIN, but we are doing some erection activities at BHARTI Airtel's site there.
We need some material at that site and it has to be purchased from the seller registerd at UP. He is asking for road permit for such purchase.

as we don't have any TIN at Rajsthan, whether there is an alternative way to arrange the road permit.

Pls reply asap.


ATUL ANAND
12 September 2011 at 22:12

Registration under dvat

Can one proprietor make the three or four prorietorship firm under the different names and can register all firms under DVAT. Please clarify also section of the DVAT.



Anonymous
12 September 2011 at 14:02

Set-off

sir,

working in MNC at Maharashtra. i have a question regarding availment of vat set-off.

one supplier is supplying us cylinder (co2, nitrogen etc ) which we are using in production. supplier is giving separate invoice of rent for cylinder where he is chrging 12.5% VAT.

Can i avail vat set-off on rent which he is charging us?


A.Barli
12 September 2011 at 11:14

Sales return

We sold some goods under an invoice.

now the have been rejected.

i understand that i cannot cancel the invoice, but what documents are required to certify the sales return and what documents should i be expecting from the purchaser with the goods.

thank you






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