sir
my purchases are 14.50% we are adjusting input vat 14.50% . recently some body said that is wrong 90% of value is elizible . is it corret incase correct diff 10% input value entry which ledger we pass.

in purchase entry we are giving as per

purchase of spares Dr. 100
input vat Dr. 14.50/-
TO vendor account 114.50/-

BUT 90% INPUT ELIGIBILITY WHAT IS THE ENTRY WILL YOU GIVE SUGGESTION BECASUE THIS MONTH WE ARE STRUGGLING TO PAY THIS AMOUNT.


WAITING FOR YOUR REPLY

B.NAGENDRA VARA PRASAD

WE ARE THE MANUFACTURER & MAKING SALES TO CENTRAL ORDNANCE DEPOT KANPUR, AGAINST FORM "C" @ 2%, BUT THEY CAN'T ISSUE FORM "C" TO US. AS FORM D HAS ALREADY ABOLISH & C FORM THEY CAN'T ISSUE FROM UP SALES TAX DEPTT. PL. HELP ANY NOTIFICATION NOT TO REQUIRED C FORM OR ANY EXEMPTION SALES TO GOVT. DEPTT.

on wht amt tds vil be deducted

1. Bill value + vat
2. Bill Value

sir,

i want to know that if we have purchased any goods with tax invoice and vat applicable on such goods and the goods capitalized in the firm. so how can we adjust vat liabilities in such case. can i claimed the input vat liabilities from such goods.


what is the procedure and which entry passed in such case ?

hello sir
i hv some real query.
i m auditing one partnership firm engaged in transportation business and provides such services. the firm has made sale of some of their trucks during the year. I just want know abt whether the firm is liable to pay vat on sale of asset?
if yes then it dont hv TIN then hw they can pay it? sale amounting to Rs 10 lakhs.
and if not why they r not liable to pay?

hi all

i am done one interstate transaction purchase some goods and i want to issue c form to my seller can any one help me out how can i get c form for issue to my vendor

where can i get c form

plz help me.

Dear experts

I have a question :
we are the power producers through biomass waste (such as rice Husk ,dray hay ,addiki sippi etc), and sold Electrical energy to Karnata Satate electricty Board .

my question is we are purchasing the material(from reg dealers & Unregister dealers in state of Karnataka) and consuming in our plant for generating the electricty in such case does we need to pay tax on purchases (URD /RD) and their any exemption(as in APVAT Act Sec 4(iii) .
since in karnataka we their is a tax on Rice Husk and tax on agri waste

kindly clarify
thanks

we are a manufacturer of pipes, we purchase almonard padestal fan for cooling machinery
can we purchase it from other state against form "c"?

sir,

what increased of vat rates and other than cst rates kindly send it

I need answer for the following questions:

1. Give a brief on What is a Way Bill ??? (From what I have researched, I understand that Way Bill is a Shipping document which is given by the consignor to the consignee specifying the details of goods dispatched)

2. A Company dispatches goods to one of its own Sites (another district or another city) where it manufactures a RO Plant. Is the company bound to file WAY BILL ???

3. A Company dispatches goods to the supplier for repairs. Is the company bound to file WAY BILL ???

4. What are the risks/ penalties/ if WAY BILL is not filed by the Company??

Thanks in advance.