Which Method is Correct for vat(Say 12.5%)

1)Goods amount 90
Vat@12.5% 11.25
Round Off -0.25

Net Payable 101

OR

2)Which Method is Correct for vat(Say 12.5%)

Goods amount 90
Vat@12.5% 11 (actual 11.25 but round off to 11)


Net Payable 101

Dear Sir please tell us Trunover declaration in Vat Returns for expample I Have received Rs 50,00,000/- bill amount + 5% Total Receipt = 52,50,000/- then the turn over is before vat or with vat shall I declared in vat returns

I applied for the TIN in June 2015, but till now neither Inspector came (because of wrong ward) nor I have got RC... So now I want to get my DVAT registration cancelled... what should I do??

We have received a show cause notice under DVAT10 to cancel the DVAT due to filing of NIL return in the past 3 quarters. Can any one provide the format of reply?

Suppose a dealer in mumbai buys goods from a dealer in Andra Pradesh on CST but the delivery is directly made to his customer in Goa without bringing the goods in mumbai. What would b the tax implications.

Hi Friends,

Any one have an idea for what procedures and documents are required for registration of DVAT and CST in noida for properitorship/partnership and company including fees taken by department.


In this matter all suggestion are valuable and highly appreciable who have devoted time for my querries.

Regrads,
Pradeep Sharma

After filing Delhi Vat Registration form Dvat 04, provisional RC has been generated. Is it also mandatory to submit hard copy to Dvat Department. What are documents and time limit for submission to department.

What if a dealer of Mumbai issues bill to a dealer in Karnataka and ships goods to his (Dealer of karnataka) client situated in Mumbai. What will be the VAT and CST implications? Also, what documents should be maintained? Also, what if the case goes vice versa i.e if a dealer of Mumbai issues bill to a dealer in mumbai and ships goods to his client situated in Karnataka. Thank you for helping !!!

1.I am new to practicing accounts
Please help me out with the query
As my customer like to go for cot and he also imports the goods from other state can he import if he has registered as cot
2 . what is the tax he need to pay quaterly if he has T.O. of 1000000
3. Does we has to calculate cot only on sales or we need to manage purchases also

HI

i have done one new registration for restaurant in VAT Act with approval of the dealers but now dealer requesting me change into cot, it s new registration still not submitted any returns. regarding this issue i have spoken to ACCT but he is asking us to wait till one year

please let me know whether it can be changed or not,
regards
padma