dear sir,
i would like to know if we need to raise an invoice or need to raise a debit note when we do stock tranfer in terms of KVAT act.
we have been advised that invoice should not be raised for stock transfer .

Pl advise.

thanks,
BR
Ravi

Dear Sir

We are dealer in Gurgaon, Haryana & we have puchased LDPE Polybag from an authorised dealer from Panipat, Haryana @ 4% against D1. Being a dealer we can not provide them D1 form, now party is asking for D1 form. They are asking for either D1 form or they will charge vat @ 12.5%. Can someone let us know whether tax on said item is 5% or 12.5%. Please treat the matter urgent & resolve my query at the earliest. Please also provide us notification detail to resolve the dispute between us.

Regards

Vijay

we have sale some material in pune with octroi paid but this material was reject after repair same material will go to pune
should i paid second time octroi in same material

Regards
Ashish Singhal

I have a client company having 18 branches all over India. The company is liable to tax audit and hence is also liable to vat audit. I want to know whether VAT audit will be applicable only to those branches which have crossed the limit of 40 lakhs or all the 18 branches will be liable to conduct VAT audit.

I AM IN CONFUSION TO COMPUTE THE VAT PAYABLE AT EACH STAGE USING "INVOICE METHOD"

AA (MANUFACTURER) sold goods to BB (DISTRIBUTOR) at Rs. 4000/=
profit (as % of cost price) ----
-------------------------------------------

BB sold goods to CC(WHOLESALER)
-----profit (as % of cost price) 56.25%

-------------------------------------------

CC sold goods to DD (RETAILER)
-----profit (as % of cost price) 25.00%


DD sold goods to EE (ULTIMATE CONSUMER)
-----profit (as % of cost price) 25.00%

Assume that the VAT rate is 4% and that there was no value addition at various stages of sale except profit margin.

Dear Sir,

We made sales to party in andhra pradesh which was originally a transaction under cst but later on that party did not provided us C form. we paid the taxes in full @ 12.5% & 4% as applicable in maharshtra state. since also did the application part oms party deducted WCT TDS from our bills. so we while paying the VAT we claimed those wct tds in our returns, now the sales tax officer wants to disaalow the same stating that the same was deducted by other state and hence its a revenue loss to maharashtra state so we cannot cliam it in our return.

we are at loss from both the sides. neither the party paid us full tax. he didnt gave c form. and later on deducted wct tds from our bill which now is being disaalowed by sales tax officer, which will again bring a tax liabilty of that wct tds amount that we have claimed.

now my question is : the tax if any deducted by an oms party, cant it be claimed by us?

Dear Sir
Our company is located in Karnataka. WE are unable to collect C forms from our customers for CST sales made during the year 2008-2009, 2009-2010. therefore we expect a demand notice for recovery of concessional rate availed for CST sales. In The year 2010-2011 we have Purchased machinery and have huge input credit from the machinery purchased. Is it possible to set off the liability for Year 2008-2009 & 2009-2010 against the input credit on machinery purchased during the year 2010-2011. please help me out

Dear Sir,

We have made sales from karnataka to gujarath.we have availed concessional tax for interstate sale. however we are not able to collect C forms from the parties even after repeated request. we are worried that the sales tax department will raise a demand notice for the concessional tax availed which is not backed by C Forms. If the department proceeds against us , will we able to legally recover the concessional amount from our customers?

Dear All

Can anyone explain me about tds to be deducted under MVAT act while making payment for work contract related payments like?
and who has to deduct tds whether register dealer or non register dealers or both..

Is there any limit for deducting tds under mvat act?

Sir,
When we sell goods for outside the states & charges CST@2% against Form-C. Is there any change in %ge of CST for goods @4% and goods @12.5%? & suppose the buyer did not submit Form-C taking goods @12.5%. In that case, Whether we will charge balance tax i.e, 10.5%=(12.5%-2%)or others?
Kindly reply.