Under Karnataka VAT Act, Whether entry tax on capital equipment can be taken as input tax credit against my output tax liability on VAT.

Dear Experts,

We have received invoice against purchase of some furniture material from vendor.
Vendor has raised a invoice with Vat amount but vat registration number is not mentioned in Bill. But vendor has submitted his registration number along with invoice. Can we accept the same invoice for payment process or should we ask for a vat invoice for supply of material.

Regards

Ravinder

Dear Experts,

We have received invoice against purchase of some furniture material from vendor.
Vendor has raised a invoice with Vat amount but vat registration number is not mentioned in Bill. But vendor has submitted his registration number along with invoice. Can we accept the same invoice for payment process or should we ask for a vat invoice for supply of material.

Regards

Ravinder

hI

I am a bangalore based company, i wanted to supply some materials to chennai, my supplier has got branch in chennnai, can i buy goods at CST 2% aganist form c and supply to my client in chennai itself.

Is this transcation legal.

Where can i pay service tax online in karnataka.
Also please provide me info regarding vAt /cst, TDS on salary payment,PF, ESI online payment option available in KARNATAKA.

we r manufacturer we purchase locally some electric & machinery parts & pay tax 4 % & acounted repair & maintence a/c (under direct expense) debit to party a/c credit .

also we have not incurred any output tax liability due to our product exemption in local sales however we r charge cst in interstate sales

please clear that our a/c is ok ??????

Can anyone suggest books on VAT, Service Tax, CST and other sales taxation options.

May please clarify whether input tax credit on entry tax paid on capital item is available.
A new project having 3 year period for its completion after that production will started depositing entry tax , how credit will be adjusted as the sale will started after three years.

Any one can refer a good book for Karnataka VAT

Sir
I had sales both local(delhi) and Central which was subject to sales tax.

Now I would like to know whether I can take VAT credit from Central Sales "first" and then balance from local sales??????