Sr,
During audits we find that many a times tin no. mentioned on invoice is not valid (As dealer is not found when the same tin no. is entered for verification on the related site) So is it that its a updation problem or the TIN no. is fake?? In this case whether the buyer should pay the vat amount as he can refuse to pay so because of invalid TIN no.(As per my knowledge) Plz explain in detail..

Hi,

I want to know whether the VAT returns is to be filled monthly or quarterly for INDIVIDUALS .. Whether it is based on Turnover basis in the Karnataka.

Thanks in Advance

what is the procedure of issue "c" form
and how to fill those forms
please help me

What is the formula for calculation of eligible input vat credit (by a Dealer)in case of Stock transfers to other states at NIL rate under Form F.


Information required as per Haryana VAT Act/Rules.

Please quotes Sections/Rule Nos also.



Thanks in anticipation

can excess vat payable is adjusted with cst

There are two entities X Pvt Ltd and Y LLP.
Both are the sister concern, where Y LLP is newly formed LLP.
Y LLP have purchased some fixed assets but the purchase invoices were given in the name of X Pvt Ltd by the supplier and input cedit on the same was availed by X Pvt Ltd.
As asset purchased for Y LLP they want to show fixed assets in thier accounts, how can we transfer assets from X Pvt Ltd to Y LLP & What are the tax implications?

I have purchased a machinery for my plant including VAT, Do I took it as asset at full amount and not take vat as input tax credit ?
or take as asset on basic value and vat in ITC ?

thank you all

My company selling scrap steel, Please tell what taxes we have to pay for the same.

thanks in advance

sir,

You must be knowing section 8(8) of CST Act1956, which lays down supplier is exempt from CST on supplies to SEZ unit or developers, for which Form I is the prescribe form.

in above said transaction, please clarify me the following:-

Suppose A ltd a supplier from bombay sold goods to B Ltd of Bangalore mentioning on the invoice billing address to B ltd and Delivery address to C ltd a SEZ unit in bangalore,the customer of B Ltd.( As per Purchase Order terms)

the above transaction is against Form I.

in the said transaction, whether B ltd can raise the tax invoice to client C ltd at 0% vat against material delivered at site by A ltd of Bombay mentioning as this transaction is against I form or if not how B Ltd can exemption from VAT/CST

please clarify with applicable sections if possible


thanking you


regards

sir,
i want to know the answer of the following queries:
1. weather cst credit received on purchase can be set off against payment of vat tax?

2.weather Vat Credit received on purchase can be set off against cst tax?

3. what is accounting treatment?