Hi

I will be grateful who will give me the correct suggestion on my doubt-

I, Prashant D Mane, Newly Joined a Pvt. Ltd. Company. Company is a manufacturer of Machineries used in News Paper Industry. As the Machineries being used in a news paper industry, the co. charges MVAT @ 4% on its sale. The co. justify that it is a capital expenditure for any Newspaper Industry therefore the machineries falls under "Capital Good" Schedule entry.

Is it right or wrong ?

Pls. Reply

Actually our registred head office in culcutta and we are fully export oriented unit having godown in delhi and getting all purchase bill on calcutta bill but by mentioned in the middle of the bill that delivery in delhi. So i just want to know that should we get another TIN No. for delhi godown our the sales tax return should be submitted sepratly from the calcutta office. Please reply me soon, its too urgent for me.

Thanks in advance
Anyone can leave his/her number for soughting me out from this problem..

It will be grateful fevour for me.

We are selling iron ore to one party who are exporting the same,they are Issuing Form H to us.

Can we Purchase the goods against Form H within state without paying VAT.

Or Form H is for claimimg exemption only from CST in case of interstate purchase ?


Please Peply urgently.

How frequently is VAT required to be deposited & when is VAT return filed?

My Query goes like this:

I m doin VAT Audit of a renowned Restaurant which is under composition scheme for the year 2008-09.
while auditing i found a export bill to its outletwhich is in Dubai which is disclosed in the accounts.
while filing monthly vat return under form 232 it has been considered as normal sales & charged vat 8%.Now how should i revise it?

Dear All,

Please tell me the VAT % of Ethyl Alcohol AR grade. Can I take full set off of this ?

Thank you, Regards,

Vijay G Bhambure

Company A has a liability to pay VAT to company B and in the mean while company C acquires 100%of shareholdings of company A. now who shall company B approach to claim the VAT and please let me know the section which specifies the same. please respond ASAP.

Is taking Input vat credit on Capital Goods in equal 36 installments(1/36 in each month)wrong as per DVAT Act & Rules?
Please suggest me

we are distributor of petroleum products (firm).we have submitted our balance sheet for 2008-09.Due to some wrong entry by accountant,our sales were shown 1 lakh extra
in balance sheet.now,we have to file vat-20 form.according to returns our sale is 2000000.but according to balance sheet our sales is 1 lakh extra i.e.2100000. now what can we do as there is difference in sales according to return and balance sheet.we donot want to show differnce in vat-20 form

Dear sirs,

we have purchsed goods worth Rs 10 lacs for the month of July aug and sept (3rd qtr). In the same quater we have returnd goods worth Rs 50000 as purchaes returns...

My query is for what value C form is to be issued. whether for full bill value of Rs 10 lakhs or after deducting Rs 50,000 for the same.


regards


ram