When is VAT 240 applicable?

A partnership firm is having an export business and has been registered for sales tax as the input tax paid is claimed as refund. The turnover for income tax purpose is more than 40 lacs and total sales comprises of exports.so, should it file the vat 240 or not?

Sir, I would like to know about "Reverse Tax on VAT" and also how to compute it!

Dear Experts,
Kindly guide me.

M/s. A Ltd taken a Contract from Government, and gives that contract to M/s. B Ltd (i.e) Sub- Contract.
Value around Rs.40 lakh.
How M/s.B Ltd will raise Invoice? to M/s. A Ltd.
What are all the contents to be involved in the Invoice i.e. VAT/ Service Tax/ TDS.

What is the procedure under TNVAT & Service Tax.Because,this transaction pertains to Tamilnadu Govt.
Thanks

Dear Friends,
I want to know the rate of WCT prevailing for the year 2009 under MVAT Act. Please suggest a good author for Sales Tax Book also.

Thank You Friends,

i am ru own proprietorship firm giving consultancy & selling softwares.i have a PAN number. what else registration numbers do i need? a vat , sales tax tin/din? how & where to apply for these?

*My Business Place : Delhi
*Customer Place : Karnatka
*Vendor Place : Karnatka
*Sales Invoice raised to cutomer at Karnatka address from my office i.e Delhi
*Purchase invoice received from vendor at my delhi address
* Physical movement within karnatka

MY QUESTION
# CST will be applied or not
# If not,than DVAT or KVAT
# If Kvat, How Input can be taken
# If Kvat, In which state return to be submitted
# If in delhi, how it is possible to submitt the return of KVAT in delhi
# If in Karnatla, how it is possible to submitt the return becouse of not registered in Karnatka state

Hi, As per sec 18 of KVAT a dealer has to deducted TDS @ 4% on gross bill value of cateres. As per Rule 44(1), deductor has to provide the Prescribed Form to the deductee in Form VAT 158 giving details of deduction. My question whether this Form is self printed or need to obtain from Dept? If it is self printed, it has to be authenticated by Department before issing? Regards Suresh

Hi All..
Can any body through some light on this issue please. Whether STP Unit /100% EOU is required to get registration under APVAT Act?? If so what is the requirement. How much is the turnover limit? In the same way, whether Service Tax registration is applicable?? what is the limit?? pls confirm at the earliest.. thanks and regards

Dear Experts


A Sale of a Company Rs. 110000(including Rs. 10000 of Output vat)

Please tell me in above case how much amount show in Sale a/c

A Purchases of Company Rs. 100000(including Rs. 10000 of Input vat)

Please tell me in above case how much amount show in Purchase a/c and Profit and Loss a/c

and How much amount will debit in Indirect Expense as a expenses


Regards
Mahesh Gurjar

Now i am on the audit of a garment company.Can I take input vat credit on purchase of printing & stationary according to Maharastra vat?If there is a any provision regarding that then send me a link...