sirs,
Treatment of Defferment of Sales Tax , whether paid to be expensed in P& L A/c ????

DEAR SIR,

I ISSUED H FORM TO MY SUPPLIER, IN HIS OFFICE HE HAS LOST THE H FORM, NOW HE IS ASKING DUPLICATE H FORM. CAN U TELL ME THE PROCEDURE TO GET THE DUPLICATE H FORM.

RGDS/HIREMATH

Where the main contractor has taken composition under MP Vat Act 2000 and sub let the work to another contractor then sub contractor is not liable to pay VAt tax.
but about the entry tax for the material purchased by sub contractor form outide Madhya Pradesh?
whether the sub contractor is exempt from entry tax ?
pls let me guide and advice.

Suppose Composition Dealer ka Aggrement 100000.00 ka Hai

Sale 100000.00
TDS 2.266% - 2266.00 Claimed in I.Tax
VAT 1.50% - 1500.00 Shown in VAT Return
Labour Cess - 2000.00 Kis Ledger ma Jayga

Balane Recd. 94234.00

Trading Ma Jab Sale Ke Entry Book Karte Hai Tab VAT (Under Duties & Taxes Group) Ki Liabilities Khade Kar Deta Hai and Isko Input VAT ka against adjuste karne ka bad Balance Ko Deposite Kar Deta hai.

Is Case VAT Ka Treatment Kya Hoga, Kyoki Sale Ke Entry Ka Time Par VAT to Khada Nahi Hua, Balki Jo VAT Bana tha vah to Kat kar payment Mile Hai.

Also Labour Cess Ko Kis Ledger Head Mai Entry Karange.

VAT Ka jo Certificate Melage Uska Kya Benifit Lenga.

Our firm is Retailer (in Maharashtra), is delaer of Sports Shoe Co. We receive purchases from Sports Shoe Co, Gurgaon against C-Form.
In 2008-09 Q3, we Returned material ( old stock/ Non-running Item ) of Rs.9 lakh to Sports Shoe Co, Gurgaon. This material is relating to Purchases within Six months = Rs. 1 Lakh ( Shoes ) and Purchases beyond six months = Rs.8 Lakhs (Shoes)
My consultant says, Purchase Return of Purchase relating beyond six months will not be treated as Purchase Reutn. What does this mean?
I am getting opposite views.
One View is: Purchase Return of Purchase relating beyond six months, should be treated as OMS Sale of my firm to Sports Shoe Co, Gurgaon and accordingly charge CST @ 12.5% or charge 2% CST against C-Form from Sports Shoe Co, Gurgaon.

Other view is: Nothing is to be done, since Proper Credit Note has been recd from Sports Shoe Co, Gurgaon against Debit Note send by us for Purchase Return.

One more view I got is: "Need not to worry..if you have issued proper debit note and also received the credit note from the party.. The restriction of 6 months applies to sales returns and not to purchase returns.. There is no need to pay any CST on purchase returns beyond 6 months... You can directly credit your purchase a/c with full return amount.. "

I am in puzzle. Can you help.

Pl help me to understand the Accounting treatment as well as the CST-VAT Treatment of above Pruchase Return.
If possible, kindly reply on my e-mail.
Regards,
Sanjay Agarwal
snjy_1 @ yahoo.com

We are into software development ERP & customised software and charging service tax.

Is VAT applicable in addition to Service tax.if so please give the notification or judgement copy.

Bala

THERE ARE INTERSTATE PURCHASES AGAINST C FORMS FOR PURCHASE OF INPUT AND FIXED ASSETS . THESE TRASACTIONS HAVE BEEN DULY RECORDED IN THE BOOK. TURNOVER OF THESE HAVE NOT BEEN RECORDED IN SALES TAX RETURNS AND VAT AUDIT. CAN I APPLY FOR C FORMS FOR SUCH TRANSACTIONS .

Dear All,

Please guide me about what percentage of sett off can i claim under composition scheme of Works Contract under maharashtra VAT for the year FY 2008-2009?

And how much percentage reduction to take?

Its urgent

Regards

Sai H.N.

Dear,
Expenses debited to profit & loss account at the time of Sales Tax Assessment in the nature of purchases dissalowable under Assessment of Bombay Sales Tax Act to the extent how much percentage and under which section?

1. Printing & Stationery
2. Sales Promotion Expenses
3. House Keeping Exp.
4. Repairs & Maintenance

WE ARE AN EXPORTER ONE CAR OF OUR COMPANY HAS BEEN STOLEN AND A CLAIM HAVE RECIEVED FROM INSURANCE COMPANY AND IT HAD BEEN SHOWN IN FIXED ASSEST CHART COLOUM ADJUSTMENT WHETHER IT IS CHARGABLE FOR VAT OR NOT
IF YES THEN WHICH SEC CODE...?