Dear All,

As u know that VAT rate has been increased from 4% to 5% in Delhi w.e.f. 14th Jan 2010. Pls let me know what will be CST rate now, without form 'C' .

As per my understanding, CST rate can not be less than VAT rate.

Kindly suggest.

Regards

Sandeep

hello sir

i am work contractor in composition scheme,for the 3rd qtr my sale tax deatls as under

contract receipts =7,50,000
Tax payable @3%= 225000

TDS (WCT) =165000
Balance tax deposit= 60000

But, we found that one party did not deposit tds (WCT) for Rs, 120000. part says that due to funding problem he will deposit after some days

but i have to filed my Dvat return so plz tell me what i can do ,last date of return 28 january .


thanks

last date of filing form 704 extended or not

Other then purchase, any expendutire (for the purpose of carrying of business )incurred by the company on which MVAT is paid then set-off can be taken on such expenses like hotel exp,motor car repair and maintenance,computer use in office etc

Dear Friends

Please confirm the extension of Vat Audit date for 2008-09 in maharashtra.

Should i relax on news

my assessee is engaged in poha industries in bombay having no vat on purchases & sales.On some exps vat is to paid by client say Rs.25000
can i take the refund & how it to be shown in the audit report 704

Dear All
My Client has claimed Refund for the period 05-06 in the VAT Returns and also in M VAT Audit Report, but not applied for Refund in Form 501. Now he wants the refund as the amount is more and he requires that amount in his business. Now what is the solution as department is saying the time period for claiming is over.

can cotractor deduct vat on that bill for which contractee also deduct wct on that payment.i want to know the method of wct deduction and use that tax credit in which manner?

1) Is interest U/s 30(4) to be levied only if there is a departmental verification or business Audit or issue of notice or intimation in this respect and a revised return has been filed thereafter by the dealer in response to findings in the inspection or audit with additional liability.

or Whether the Audit mentioned in the section includes audit under section 61 and that if the dealer has revised the returns before the vat auditor takes up the vat audit and pays the additional liability where both the tax auditor and the vat auditor are the same person.

in the above case if there is additional liability which is paid and the dealer has revised the returns and the vat auditor has verified such revised returns filed for the purpose of audit whether interest u;s 30(4) is applicable and should the auditor advice the dealer to pay the same.

can we avail full vat credit on car purchased in case of a hotel industry

and if we have availed that can we use the whole in the same financial year.

and same query is in respect of computers purchased .