sir, my client gets tender of excavtion of sand from river for specific period. he has paid royalty for the same. my question is what is turnover of purchase and where it should be appear in return.

In Punjab Vat is 5% and 10% surchrge, whether cst will be 5% or 5.5% if C form is not given by buyer

Respected Sir/ Madam,
Up to 31-03-2010 Vat Rate applicable on sale to electricity Company or Telecom Company (subject to conditions) was chargeable to vat @4% by virtue of Notification VAT-505/192/Taxation -1 Dt.28.07.06. Is there any change in this Vat rate after the changes to vat rate in Schedule C from 4% to 5% or the Restricted Rate of 4% shall continue.

Thanking You
Regards
Suneet

Hello sir i m an accountant, i want to know that can we claim input tax credit against imported goods in gurgaon or silvassa, gujarat. If we import then we sale that goods within state or outside state can we claim any duty which we have paid on that import.Suppose we purchase one item locally in silvassa and one item import then can we claim input tax credit of item purchased locally against output tax of imported goods.

A manufacturer who purchase goods from Other State against Form C

In his application for CST registration he has given the manufacturing product as Cable Terminals but failed to clearly mention the raw material (Copper Sheets) which is used for manufacturing Cable Terminal

Can this dealer obtain Form C for Copper Sheets? Since cable terminal can be manufactured by using Copper Sheets only
Is there any case law to support the dealer?

Nirma Powder 1 Kg MRP 30 is offering a salt worth rs. 10 free on it for consumer and same is mentioned on bill. but billing from supplier is made like this
Nirma Powder 1 kg basic rate = 16
add vat @ 12.5% = 2
Salt 1 kg = 8
bringing the total cost of retailer at rs. 26 as usual where there is no such offer. so is it an evasion of VAT on the cost of salt i.e. rs. 8?
suppose we purchase in this manner and can we sale like same without any obligation to us from sales tax department?

I Want to know what is vat rate on IP or Networking CCTV (Camera) & in Which classification its falls.
Pls. send me any circular, Notice or case details related IP or Networking Camera.
Thanks a lot.
I want to know DVAT Rate (vat rate in delhi)on IP or Networking CCTV (Camera).

If I have to take Vodafone Agency then I really need to take VAT TIN & Service tax No. ????


Pls advice me.


thanks in advance

Dear Sir,

I have a query related to goods returned from Party after More than Six Month.

e.g. Goods Returned
Assessable Value = Rs.10000.00
2% CST against C FORM = Rs.200.00
As the Goods return are above Six Month. we are not giving the Tax Credit to the Party.

Now as i am using the Tally it show me Assessable Value Rs.20,000.00 ( Sales Bill Raised) Less Credit Note Amount = Rs10000.00
Total Assessable Value = Rs.10,000.00 & CST Value Rs.200.00
Now If i put the 10,000.00 in excel it will calculate a 2% on it as predefined tax figure = Rs.200 instead of 100.00

Now My question is the assessable value for which i am not giving any tax credit to be shown in return or to be deducted from the all figure coming as there is a no need to show this amount on account of not related to tax.

Regards,

Ajay Pandey

Dear All,

I have a query related to Import Value to be shown in VAT Return.

1) Whether i should take a Value i.e. Import Invoice Bill Amount @ Indian Rupees i.e. TT Amount

OR

2) Are we have to Take a Value of TT Amount + custom duty + clearance chgs + other charges to bring the goods.

Please clarify it to me.

Regards,

Ajay
Mumbai