Am from Karnataka, running a medical shop,I would like to know the following:
1. Vat is paid on medicines on MRP to the distributor.The distributor gives me a bill on cost price and charges me vat on mrp.Eg: we buy a medicine @rs.100 . But the distributor charges on mrp that is mrp price rs.150@5% =7.5. So we pay to the distributor Rs.100.00 +7.5.00 = Rs.107.50 NOw the question is when filing the vat returns can we offset the input return with output return ie.7.5-7.5=0. we dont have to pay tax. am i right.

how to calculate

What is the process of taking VAT & CST No.
Plz specify the Fees also?

Dear Friends

We make a Purchases Order to Mr. A (Local Party) He ordered to Mr. B ( Central) to send the material and make a sale in transit. And raise a bill (Mr. A)
1. Does we liable to VAT
2. Which party we should recorded in books of Account
3. Does we liable to issue C Form

Hi Freinds,

In karnataka, VAT % changed to 4 to 5% from April-10, but my supplier charged 4% vat for Oil seal & M.S.Nuts & Bolts and S.S. Elbow & Flange. I want to confirm whether it is corret and mentioned goods coming under declared goods.

Regards

S.Subha
Sr.Accounts Officer.

Dear Sir

Please advise can i use LIC one time paid policy of Rs100000 as surety bond for VAT registration. If yes how.

Please answer ASAP as i need to get registration for my first client

Thanks

Manish

What is VAT limit in case of gold,silver,artificial jewellery business?
for registration

Respected Sir,
what's the procedure 4 registration of Professional Tax..?
Basically i have incorporated a company and i wanted 2 deduct professional tax of employee.As a employer what's procedure should be taken by me?

Please tell some good websites relation to Sales Tax/VAT/service Tax Judgements/Case Laws

If a company at Delhi had done some work on contract basis for a company at Kolkotta & this second party has deducted WCT ,pl confirm how to claim credit of this WCT deducted by Kolkotta party.

Pls tell How can one search the Vat Return status and Vat paid status online

As in Haryana, Vat return is filled manually not online then How can an assessee search his VAt status