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.

My question is :
What is the due date of Vat return filing if it is based on monthly basis.
In another words, I want to file Vat return monthly basis for the month of April 2016 with the help of mahavat.gov.in so please guide me what is the due date of E - filing of Vat return for above mention period.

Sir, we are registered with Gyjrat Vat. My question is that we have to get the material from our supplier, it's office in Delhi . So get the material in Gyjrat from Delhi , how much tax will be against C form .

dear Sir/friends if partnership firm is dissolved and one of partner wants to do business with TIN no of partnership so please tell me is there any provision under which partner can continue with same tin no of partnership firm after intimating to officer...

Dear all,
Please guide me i am purchaser i pay to total bill amt including vat but party not pay to sales tax dept so we are defaulter for tax credit



Thanks
Mitul

Sir,

We are giving the Works contract service in telangana for SEZ unit, as VAT is exempted under Rule 7A, but client is deducting the WCT @ 4% on the invoice value? clairfy whether WCT deduction is applicable for SEZ Project as VAT is exempted.