My Client is under tender contract with government, where government pay contract receipts on the basis of work completed.while the receipt recorded P&L is gross (ie of contract receipts + tds deducted by the government on contract + work contract tax deducted)......work contract tax is also debited to P/L

on the other had company pay VAT on the material bought that is used in contract & where purchases are recorded net of VAT & VAT component is separately recorded in P&L & later claim refund in vat Refund

my question is can this refund be adjusted against work contract tax??

DEAR SIR,

OUR SALES TAX COMMISSIONER TOLD, CST DECLARATION FORM - H, ISSUED QUARTERLY, BUT OUR CLIENT HAVE ISSUED ANNUALLY, IT IS CORRECT OR NOT. IF FORM WILL BE ISSUED QUARTERLY KINDLY SEND US AMENDMENT / GO FROM SALES TAX AUTHORITIES.

WITH REGARDS
BALU

Dear All,

We are dealing as a dealer between Manufacturers and end users. It is a Pvt. Ltd. company.

We are purchasing and selling UPS, Batteries and Inverters. For that we are getting Input VAT as well as Out VAT.

1.Apart from that we purchase some times scrap batteries from our customers and resale those scrap batteries to our suppliers. When we are purchasing scrap batteries they are not giving any invoice and VAT Input.

How do we have to pass entry for that when we are selling those scrap batteries?
Should we consider VAT for this transactions.

2. When we are getting Employee ID cards and Business card, our suppliers charging VAT on those transactions.

How do we have to pass entry for that? Can we get VAT input for that by showing as purchase or do we have to show all that amount as indirect expenses. can we show as an asset?


Please clarify my doubts.

Thanking you all.

Dear all please clarify my doubt

i am registered delar(vat)

i purchased uniform for my staff, cost was 3640.00 including vat 140.00

so now can i take this 140 as input tax or should i show the entire amount (3640.00) as expenditure

What are the latest VAT rates on Silver? Any changes to 1% rate?

Is the making charges for silver plates liable to VAT @ 1 %?

Hi,

Please let me know the exact computation of VAT liability for construction industry in Karnatak for developers.

Ex:- Total amount received 140
Land element 40
Total payment to sub-contractor is 60
Input VAT in the Sub contrator bill 6

So, please let me know:
1) How does the Tax Invoice look like?
2) What would be the Out put to be charged?
3) What would be the net VAT paylable to Dept?

Dear Sir
Please give me the current rate of interest for VAT OR CST in west bengal.

Thanks

Hi friends,

I wish to import wooden laminated flooring from china<

Please help me with the import duty on wooden laminated and If i wish to sell it in Haryana than how much VAT do i need to charge.

How does CSt work what is the concept of VAT and CST

Sir, If a dealer purchase any material like metal, murum, sand etc. from a registered dealer and the seller supply the same with transportation by his own vehicle. He raise the bill for total cost of material i.e. cost of material plus transportation charges and charge VAT as applicable on total cost of material as said above.
I wish to know that, any service tax attracts in this type of transaction and is required to pay Service Tax? Or Is the VAT levy-able on transportation charges when the transportation charges is higher than the cost of material. In which section of MVAT Act I can find the related information, please guide me.

What Is the Minimum Limit Of VAT registration in every State in India?