My Client is a Proprietor of 2 Proprietorship Firms. In Firm 1 his Turnover is Rs. 25 Lac and in Firm 2 his Turnover is Rs. 23 Lac. So together we see he is liable for Audit. But as per Sales Tax he is having 2 different VAT TIN No. So is he laible to get his accounts audited under MVAT ???? pls. reply soon.. u can mail me at : manishparmar555@yahoo.com

SIR ,
WE ARE SELLING MEDICATED SOAP MANUFACTURED UNDER DRUG APPROVAL & WE HAVE APPROVAL UNDER DRUG ACT.GENERALLY VAT TAX ON SOAP IS 12.5 % .HOWEVER VAT TAX RATE FOR MEDICINE IS 4% .WHAT TAX RATE WILL CHARGED FOR THE MEDICATED SOAP.
THANX & REGARD

A dealer has started his business in January 09. He has Not registered himself under the MVAT Act. But has Collected tax from the first bill onwards. (i.e. Without TIN No.)
He is ready to pay the tax collected wrongly..
I want to know whether any Penalty is attacted to him by the department...?

Thanks in advance...

Dear Sirs & Friends,
Our company had incurred expenses in a 5 star hotel in mumbai, the bill generated by this hotel (Taj) includes Luxury Tax (10.30%) alongwith VAT (12.50%)on the food component. These taxes are not shown seperately but are shown as Total Tax in the bill. My question is can i take vat settoff in my books on the basis of such bill. The bill contains Vat tin no. & Luxury tax no. seperately but both these taxes are included in Total Tax Column what should i do, can i claim 12.5% tax seperately in my books ins such a case. Please help me it's urgent

We are selling Cut Fresh Fruits (Packed in container). We are adding Sugar Syrup to the same,

My query is whether the same would attract VAT under Schedule C Entry No. 107 under F&V Sold in Frozen State or in a sealed container @4%

By sealing container i mean a air tight plastic container with our company label on the top, still would it attract VAT under above referred schedule

1. GOODS IMPORTED IN MAHRASHTRA AND TRANSFER TO BRANCH IN OTHER STATE.

2. NO VAT ON IMPORTED GOODS.

3. WHAT WILL BE RATE OF REDUCTION UNDER RULE 53 OF MVAT.

Is it possible to make trading sales in a manufacturing company engaged manufacturing Steel Rolling Mill equipment. The Company has an Excise registration but intends to effect trading sales in raw materials without excise(VAT Applicable) .i.e dealing as a middle man.Is it necessary to take a new vat registration for this type of sales? Is excise Notification required?

Dear Sir,

what is full form of URD Purchase and Descrpiton and useage ?

Dear Experts,

Please let me inform about account treatment of an invoice contains both MVAT & Service tax. And please advice me how to treat the same in MVAT Return.


Thanks & Warm Regards,

Prabhu

Please let me inform me on email ID Prabhunath_sharma@yahoo.com

Dear Sir,
a. while doing audit of petrol pump should i account for vat paid on petrol purchases separately?
b. Is it necessary to disallow the vat on purchases of petrol under rule 54?
c. Please suggest the best approach for the same.