I Book a flat in casabella from Lodha. I did my sales agreement on 23 march 2010. Now Lodha is demanding MVAT from us.
Registration before 01-04-2010 should pay 5% of the sale agreement, after that need to pay 1% of the sale agreement.
anybody please tell me, really do I need to pay or not.
Time of buying the flat they didnt even told me about this MVAT.

What is the meaning of MVAT.

Dear Sir,

I have applied for the registration for M Vat for a organisation online Dated 04.10.10. Then the sales tax department asked us to attendt us as on 06.10.10. But due to emergency work the proprietor has gone to South Africa. Since we are unable to attend the case on due date i.e. 06.10.2010. But till date the proprietor has not come and the sales tax department are saying that we will cancell the registration.

Can any one advice what will be the impact on registration

Thanking you
Shrishail
email id:- Shrishail.umaranikar@rediffmail.com

hi, I want to know that whether vat charged on basis value or after deduction of discount e.g. Mr A ( Retailer) sell a product
situation A
basic Price 1000
Less Discount 20% 200
Balance 800
Vat @ 5 % on 800 40
Total Value 840

situation B
Basis price 1000
Less Discount 20% 200
Balance 800
Vat @ 5 % on 1000 50
Total Value 850
which situation is correct please suggest me this type of discount is cash discount or trade discount

Assuming that a company has purchased products from local market (Ormay be even imports) for its regular trading..
it has also taken the VAT / CENVAT input credit for these goods...

later it utilises such goods in construction / expansion of its premises.... such goods need to be capitalised, and the company has done so....

now in such situation how is it to take or reverse the VAT INPUT CREDIT. as, we can take only 50% input in current year in case of CAPITAL GOODS,, but it has already taken full 100% input...

also, it doesn't have bar coding system to verify what stocks have been capitalised or used for personal use...(Price of commodities keep changing regularly)

so what should such company do to take proper amount of VAT / CENVAT INPUT CREDIT????

A manufacturer regd. with DVAT, He wants to sale rejected & old stock material to Kudhawala by cash. VAT applicable on this sales or not? Pls suggest me treatment of this transaction.

Dear Sir,

One person purchase a vehicle for 60 Lac in which 6 Lacs is as VAT@12.5% on firm name.

Is there any ITC credit for that value of VAT ??

If yes then what will be % for ITC ??

Thanks,
Krishna

An employer is maintaining medical center for providing medical assistance to employees during working hours.Is the employer eligible to take VAT credit ?

The office is centralized office to support manufacturing operations.Kindly provide state wise provisions?

Can any one guide me regarding interstate sale :

We have charged CST on sale of Car in bill but the car is delevered from our showroom situated in particular state, so in this case there is no movement of goods from one state to another state, so whether it is considered as interstate sale or local sale, and if it is local then whether we have to pay VAT in addition to CST that already paid.

kindly help me

IN TRADING ACCOUNT CAN WE ADD THE INTERSTATE BRANCH TRANSFER AMT IN SALE FIGURE (DELHI TO GHAZIABAD) IN DELHI BRANCH AGAINST FORM "F" . WE DEDUCT TAX DISALLOWED 2% IN DELHI BRANCH , CAN WE ADD IN DELHI SALE +CENTRAL SALE (STOCK TRANSFER )
OR IT IS REDUCE FROM THE PURCHASE FIGURE????
PLZ CLEAR THE MATTER.

THANKS
MAHESH

please explain me about any tax liabilty under service tax or karnatak-vat - for purchasing the land and development as plots (but not construction)only layout.

is there any liablity in service tax or vat for that ?

& also in case of joint development made by the owner of land & land developer