1).
At the time of purchase of fixed assets for business. at that time input vat credit can be availed. if yes then what manner.
2).
at the time of sale of asset, is there any liability to pay vat at the applicable rate. what if asset is sold as scrap is the ans will change?
if the said asset will computer or air-condition.

Dear Experts,

Plz share ur valuable opinion on the following matter:

A) What is the treatment when goods are
1)stolen from warehouse,
2)stolen/ destroyed while in transit
3)If any insurance claim is received
on such destruction / stolen.

Thnx in advance

SIR ONE OF OUR CLIENT HAS OPENED A BRANCH IN DELHI BUT HE HAS NOT INTIMATED TO THE DEPARTMENT REGARDING THE BRANCH. WHAT IS THE AMOUNT OF PENALTY IN THIS CASE ?

I submit the following query with reference to a sales transactions with a request to enlighten me with supportive case laws if any whether the transaction is in the nature of local sales or interstate sales?

A manufacturer of cable wires in Tamil nadu get order from BSNL H.O. at Chennai(also in T.N) for supply of cables to various sites BSNL in other States and the dealer is also supplying the cables directly to other state BSNL sites. The agreement, payment are made by the BSNL Chennai.Treating the above transaction as CST Sales the dealer charge 2% and get C Forms supplied by the BSNL Chennai?
I request your valuable advise whether the above transaction is local sales or CST sales as claimed by the dealer?

Hi,

Can anyone please suggest that can we claim the input CST crdit against gujarat VAT or not?

I have to apply for C form first time,
but first i need to pay Rs. 200/- for applying C Form, I am confused that which challan I have to use, is it VAT or CST ?

on which head I have pay challan ?

I have to apply for C form first time,
but first i need to pay Rs. 200/- for applying C Form, I am confused that which challan I have to use, is it VAT or CST ?

on which head I have pay challan ?

hai,

while processing payment of bills i found some vendors are charging vat inclusive of transportation.

transporatation is chargeable under vat?

can anybody help
Regards
kumaran

Dear All,
The Vat Refund Application due date has changed from 3 years to 18 months. I would like to know whether this is applicable vat application for the year 2011-2012 or from 2008-09 whose time limit of three years is not yet completed.

Hi,

I want to start a new business.Basically its a trading business where I will purchase goods from outside UP and sell it in UP.I have already taken TIN number for my shop/office.
Now I need form-38 and form-c to purchase goods from dealer's in delhi.

1)The gzb sales tax department has asked for 2 guarantors and if we dont find guarantors then they want a fixed deposit for "Assistant Commisioner" for Rs 50k .Is this a regular process?
2) Is it usually a difficult process to get form-38 and form-c from the sales tax dept on a regular basis?

Please answer.Also if you can suggest any good CA around the Vasundhra,GZB area who can help , please let me know.

Thanks,
Deepak