Anonymous
30 June 2011 at 16:09

VAT on Goods Destroyed at Factory

Please let us know the VAT or CST applicability on finished goods kept in factory which was destroyed in a major fire accident. While making the Insurance claim, only the cost of goods were made and insurance company reimbursed the cost of goods lost in fire. Please let us know the tax implications, if any on this.



Anonymous
30 June 2011 at 15:15

vat on sale of capital goods

i want to understand whether sale of capital goods under Rajasthan vat is liable to tax or not?
eg: I have sold motor Vehicle. the said motor vehicle had been purchase in retail invoice on 30.3.2007 and taken in our balance sheet as fixed assets and we regularly claim depreciation on the said assets. I have not taken any input tax credit at the time of purchase. Today i want to sale the said vehicle. Let me know whether we have to pay vat or not? pl clear the provisions of law


Thanks and Regards
Mukhes Khandelwal
30/06/2011
9828242065



Anonymous

Hi ,

I need to know , Vat / Sales tax for Mobile Accessories in Mumbai , Gujarat, Delhi there is lot confusion whether it is 4% or 12.5% or any rate is applicable .Please do advice.


Indigo
30 June 2011 at 13:06

Mistakes in VAT return

While filing VAT return - TNVAT
in 3 months VAT return sales has been declared excess. - Reason bills where later changed aft filing of return and this was not informed as such annual TO as per AT return is excess by 1.50 lacs. Typographical error reason is not accepted by CTO as figures are in uts.



Anonymous

Dear All,
I would like to know whether a builder who has charged Vat @ 5%(in Maharashtra) under composition scheme since there was no option left to the builder then. Now for the same project whether a builder can charge vat @ 1% on agreement registered after 01.04.2010.Please advice.


Deepak Birla

Pls. clarify

We have our Manufacturing unit in Bangalore
& other branches all over India.

Under KVAT We buy goods(including Fuel)
@ 4%, 12.5%, 13.5% & part of the stock will be sent to other branches as stock transfer against Form-F.

1. Whether We are eligible for taking input credit on purchases fully or if not than how much input tax we have to reverse against stock transfer.
2. If so pls. give the relevant section & rule details.

Plz reply me soon.
Thanks


B SRINIVAS
30 June 2011 at 09:13

about composition

what is composition in vat returns please explain it.



Anonymous
30 June 2011 at 08:40

vat collection on scrap duty

hi all,
here this is ranjith vat on scrap is collected in the year 2005-06. for the a.y 2006-07 and 2007-08 vat is not collected on scrap auction. the value is about 80 lakhs. and for the a.y 2008-09it is collected normally.

can u suggest the corrective measures for this and guide me the proccedings.


Afsal

Dear sir,
Can we claim input credit of VAT paid on purchase of capital as per Karnataka VAT,
If yes How?
What are the additional requirements for this?
Is there any separate forms for filing this?
Do we need to keep any additional register for that capital goods?

Thanks in advance


inder gupta

Respected sir/Madam

My query is

if i am purhcasing a flat in Shalimar Township in indore whethere there is Vat applicable on purchase of flat. and what is the rate of VAT






CCI Pro



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