We are steel manufacturer and purchase a weightbridge and paid vat on that purchase. Can we take credit of vat paid for the same.

Dear
in pvt ltd constrction company party was given bill for granite purchase on 23.03.2011 and same day bill was submitted to site but site fellows misplaced and 21st of april they found and given to me vat return of march already filed this is the situation what can i do

Under Orissa Vat ACt, 2004, Section 54 instructs the contractee to deduct TDS before making payment to the contractor. Kindly note the contractor is providing works contarct service (material supply plus labor). As for example the invoice raised by him-

Work Done (Material+Labor supplied)1,00,000
Less: Standard deduction for labor
@ 30% 30,000
therefore,
Value of material 70,000
Add: Service Tax on labor say 10% 3,000
Net value 1,03,000
Add: Works contract tax on material
@ 5% say 3,500
Gross Value 1,06,500


My question is TDS u/s Sec 54 of Orissa VAT act 2004 to be deducted by the contractee on what figure. Is it 1 lac? or 70k or 30k, or 1,06,500 or 1,03,000? Kindly reply asap as it will help solving many people queries. Please also cite proper case laws. Please also discuss the difference between value of works contract and taxable turnover of works contract for the above sited query.

We are dealing in mobile phones and want to appoint dealers in MP. one of our dealer is ask us that VAT rates in MP is 12.5% is that true. if this is true than how Nokia/Spice and other Mobile manufacturers are selling their products at same rates of Delhi bcz in Delhi the DVAT rates are 5% flat on mobile phone.

please post the answers.

Om Sharma

Can we convert a sole proprietorship Firm(which is registered in DVAT & having TIN No) into partnership firm & the old TIN No will be valid for partnership firm?

hiiiiiiiiiiiiiii
how are you sir
I have a Question for you and I hope you can sovle it now and remove my problem

Iron par VAT kitna hai Delhi me
or agar iron se fram banaya jata hai to us condition me VAT kitna chrge hoga
sath me koi or bhi TAX lagega kya ?
Excise wagera ?

In this years Budget of Maharashtra, VAT rates are increased for some items.Pl inform what will be effective date of these rates.

WHAT IS FORM NO. 406,407,408 & 409 UNDER MVAT ?

WHEN & WHOM TO GIVE THIS FORM ?

dear sir,
in our depot (suppplico) All the purchases during the month is treated to be sale in that month and output tax is paid on whatever we purchase.
But actually there are lot of closing stock held in our depot in each month.


is this method of vat assessment is correct?

respected sir,

what is act 21cc, i want detailed explanation about 21cc