We have a client who run a restuarent and this is a private company. It has two shop one is in running condition and another is in under construction. The company has purchased some Computers amounting Rs. 167200 and Vat on this is 8360 and also some Furniture Items for shop. These both assets is purchased for the shop which is underconstruction. Please give an expert advise on the following matter
1) Can we take VAT credit on Computer and Furniture purchased for our shop (underconstruction)and there is no sale on that particular shop.
2) Can we take credit on Crokcary purchased which is being write off in P& L a/c. Also tell me under which head i will show this amount capital goods or other goods.
3)Can we take credit on Diskwasher, Sink etc. used in Ktichen.

Please refer the proper sections and case laws.

Dear Sir's & Friends,

Due to some problems we had asked a party to change their bill date, now the previous bill no. was A-110 Dtd. Oct-2009. The party agreed to the same and gave us a new bill of A-340 Dtd. Dec-2009, here in the new bill the party has cut the No.A-340 & instead they have written bill no. A-110 which is the previous bill no. Can we claim VAT on the same bill. Please help me in this matter.

Regards
Yajuvendra Rawat

Dear Sir,

Please let me know about VAT Annual written which form to be submitted and what is the last date.

Pls. also let me know about anually PT payment for Company,and where to submit whether LVO office or in PT Office. and what is the last date.

Thanking you

Hello,

I understand that the trader needs to register under VAT Act if the total turnover exceeds Rs.10Lacs.
Is there an option available to him to declare his total turnover and pay a flat rate of tax on such turnover? Thereby, he can be relieved from the filing of monthly VAT returns.

Please let me know the applicability in Karnataka.

IF A DEALER IS REGISTERED IN VAT AND GOODS PURCHASES WITH VAT BUT SELLS ONLY IN KACCHE BILL WITHOUT BILL AND WITHOUT VAT BECAUSE PURCHASER DOESNOT PAY VAT HIM BECAUSE THEY CAN PURCHASE THE GOODS IN KACCHE WITHOUT BILL FROM ANYWHERE


SO IN THIS SITUATION WHAT SHOULD HE(REGISTERED DELEAR) DO.

Suppose I have a trading firm in west bengal, and I have obtained the VAT & CST registration, my question is(A) if I do purchase goods of Rs. 50000/-from U.P. and sale the same to M.P., how much tax should I pay
(B) if I purchase same goods same amount form UP and sale it in WB ?
(C) I f I purchase it from WB and sale the same to UP
(D) if I purchase it in WB and sale it in WB

Pl tell me some one I don’t know any thing about VAT & CST

Dear Sir,

VATD-1 OR VAT4% main kya farak hai..?


Regards
kawal

I am selling my hotel assets like building, furniture, electrical equipments, etc. Guidance me which taxes are impose on me for the view of Vat Act and Income Tax Act and how calculate the tax on business assets sales.(Maharashtra State)

Where can i get ASSAM VAT ACT 2003. I would like know the provisions of act and rules with regard to TDS on Works Contract bills.

sir, purchase of raw materials (common goods) within state for manufacturing taxable goods as well as tax-free goods (exempt goods). How will input tax credit avilable to these goods, i mean in what proportion?



thanks in advance