Dear Sir,

If we purchase from an unregistered dealer and he prepares a retail invoice and charges VAT, We are a registered dealer can we avail input credit of that vat ?

Can stock transfer against F Form be done at cost price plus mark up???
If yes then what will be the implications under vat???

Rs.400000/- is debited to Discount on purchases.the amt has been debited to Trading A/c and had reduced from total purchases.But the supplier has not claimed any credit for the same i.e.had paid all the vat according to our gross purchases.He had also forwarded the undertaking for not reversing the tax into his returns. But ,the vato is unsatisfied & had determined the tax,interest & penalty thereon.
In fact,the dealer has received the credit note after every quarter. It is also confirmed by the supplier that he had forwarded the credit note on A/c of Turnover discount and paying off the amt of said purchases before time i.e.cash discount.BUT,ONE ANOTHER PROBLEM IS THAT THE DISCOUNT HAS BEEN REDUCED FROM THE PURCHASES IN OUR BALANCE SHEET WHICH HAS ALREADY BEEN SUBMITTED TO CONCERN AUTHORITY.PL.ADVICE ME CAN WE CHALLENGE HIS ORDER AND IF POSSIBLE PL.GUIDE ME THE SUITABLE CITATIONS.BOTH THE SALER & BUYER ARE REGD DEALER FROM DELHI.THX.

Dear sir,

if we are exporter

we have done a job work from the contractor but he added a vat value of used taxable material by him, than how we filing the return of vat.

Dear, I from a Pvt Ltd co. purchased a machinery for manufacturing purpose with CST @ 2% as capital goods but bymistake I took it as assets and didn't add in total purchase and not demanded for C form. This is of 1st Quarter,2011. What should do me for get C form? Can revise my sales return now? & What?

WE are machinery manufacturers. We are billing machinery and paying VAT/CST on machinery billing. We are also doing the service under 'Erection,Supervision/Installation, Maintenance or repair services' of the above machinery. For this service we are registered under 'Central Excise Department (Service Tax) under Service provider of 'C&I, Maintence or Repair service'.

We are billing separately and collecting tax and paying to service tax dept.

Can VAT is chargeable on 'Erection Supervision, Maintenance,repair service' apart from 'Service Tax'

We are under 'Andhra Pradesh Value Added Tax'

The AP commercial taxes are proposing the tax on 'Erection Supervision, Maint.Repair Service.

Can any body advise/help me is this correct. Can we pay the VAT on Service Bills. with related case laws

How to apply and get form F ?
and for what purpose it is required ?

Abdul

Dear professionals

What should we do in the following cases
1 If the partnership firm having some business and made sales during the year but for the same the firm has not obtained registration certificate under VAT ACT, Also they have made sales by charging VAT, whether the same is need to deposit through Challan or else any plan to waive it,
2 The concern firm has made sales during the F/Y 2010-11 by more than Rs. 5 lakh but neither deposit the VAT nor filling any return, what will be consequences for the same and what should do for the same,
3 During the current year the firm has good sales but for the same neither deposit the VAT nor submitted any return, what will be consequence for the same,
4 What will be benefit when the firm has made interstate sale or purchase
5 Whether it will be possible to set off VAT liabilities with CST credit or vice versa, what should be the process for tax planning,
6 What will be consequences when the firm/company made local sales or purchases but not registered under VAT ACT, provided the sales is under the limit i.e. 5 lakh or less, what will be in case of vice versa,
7 What will be interest &/or penalty when the firm/company has not deposited the VAT or not filling the return,
8 What should make a plan for waiving the interest &/or penalty,
9 Suppose in case of firm which sales is under Rs. 5 lakh then they will not liable to deposit the tax or not under obligation to file the return, then nevertheless they will be covered under the provision of VAT Act.
10 Whether the firm shall be liable to deposit the VAT on all sales from since beginning or the sales covered after the limit.

Regards
sajjan kumar singh
icwa, ca(semi), b.com(h)

In Tamil Nadu, Interior design service inclusive of supply of materials what type of tax rates applicable?

I am Thanuja.

Im working in a manufacturing company. We have purchased a Gearbox within the state against C form.

How to Account in Tally & where should we show in monthly vat return?