In Regular VAT under GVAT
What Kind of Records (Register)& VAT Information we have to maintain regularly for VAT Return & Verification.?

When VAT Department want to see the Records of the Party Gaining VAT Registration ?

Pls reply my query urgently

Thanks in advance

We would like to know how the rights of officer who is coming for business audit asking following questions:

(1) The Officer asked for vat audit report full and Balance Sheet including the tax audit report etc. should we give? Xerox copies of all this is suppose to be with him because we already filed with the dept. at the time of Vat audit report submitted.

(2) Can he ask for copy of Balance Sheets for subsequent years i.e.2006-07,2007-08 and 2008-09

(3) If C-Form have the CST No. but w.e.f. date not mentioned in C-Form now he is asking to get the copy of relevant Sales Tax Reg.No. Certificate of that party can he ask?

(4) Now officer is asking for list of Plant & machinery these machineries are very old and brought forward in to Balance Sheet every year after charging depreciation prior to this year all assessment completed we have also attached list of machinery now what is the object to give list of Plant & Machinery should we take out the list of plant & Machinery from very old record and also asking for original bills of those plant & machinery.

(5) The officer asking details of various Expenses, like Printing & stationery, Packing & Forwarding, Repairs & maintenance etc,.

(6) We are giving all the details but as a academically we would like to know.

we are exporting to nepal from haridwar(sidcul)which is duty free zone
payment will come in indian rupees

pls advise us have we to charge the sales tax on the bill or not

pls advise

Hi



I want to know can i (from Mumbai branch)transfer my VAT input or output credit to my delhi branch or vice versa ,what is the requirement for this transfr(including sales tax office).& tell me entry for that

waiting for reply


thanks & regards

Nilesh

Dear sir,

My query is in relation to retail trade (retail store chain).We purchases goods against tax invoices in Delhi. While receiving goods in warehouse we face a problem. Suppose in invoice 100 items are mentioned however only 80 items are received in actual. Then while making goods received note against such invoice, whether we should book ivoice with total value of invoice and then issue purchase return against that or if it is allowed under VAT rule can we after receiving goods make cutting on invoice and book GRN with net quantity received and accordingly book vat . In this case the value of Vat as per invoice will be different from Vat as booked in GRN. What exactly we should follow while booking GRNs with invoices.

Dear Sirs,

Apex Court's judgment in A&G Metals case had emerged a debate on the issue that whether a sale in course of Inter state trade and commerce against a sales contract made prior to the movement of goods can get the exemption of section 6(2) of the C.S.T. Act?

Para no. 11 of the said judgment speaks that "The dividing line between sales or purchases under Section 3(a) and those falling under Section 3(b) is that in the
former case the movement is under the contract whereas in the latter case the contract comes into existence only after the commencement and before termination of the inter-State movement of the goods".

I invite your valuable comments on this issue.
O.P. Agarwalla

Dear Sirs,

Apex Court's judgment in A&G Metals case had emerged a debate on the issue that whether a sale in course of Inter state trade and commerce against a sales contract made prior to the movement of goods can get the exemption of section 6(2) of the C.S.T. Act?

Para no. 11 of the said judgment speaks that "The dividing line between sales or purchases under Section 3(a) and those falling under Section 3(b) is that in the
former case the movement is under the contract whereas in the latter case the contract comes into existence only after the commencement and before termination of the inter-State movement of the goods.

I invite your valuable comments on this issue.
O.P. Agarwalla

I am working in a construction Company. My clients deduct WCT @ 4% which we have to claim as a refund after adjusting VAT payable. I come to know that in some states (like Uttrakhand)there is some rule regarding concessional rate of WCT where department allow to deduct WCT at lower rate
Further I want to know whether this rule is also there in Maharashtra and haryana so that our client will deduct WCT at concessional rate. please also specify any Rule or section in this regard.

Dear All,

I want to know whether VAT is applicable on Flex Making Charges & Flex Mounting Charges

This are used in the advertising

Regards
Hitesh Khona

If an individual is propitor of more than one different business whose individual turnover is less than 5lacs. but agreegate of all businesses is more than 5 lacs Is that individual liable to register under VAT & CST?