Dear All
Iam accounting a propritery manufacturing company (SSI)the firm purchase raw material & sale finish goods.The diff in sale & purchase tax is paid as vat.
the firm has purchase a machinery can the propriter take setoff on vat paid on machinery.
The Firm purchase oil for machinery if i account oil as direct expenses can the vat paid on oil be clamed.
the firm purchase rawmaterial from Interstate can the CST paid on purchase adjusted against vat payable.
Regards
please tell me what's the date of payment under VAT act if we are paying monthly and quarterly through DVAT20 challan. and what is the penalty if tax not paid on time.
and also provide the full information of debit and credit note under the same act with accounting treatment.
Dear Sir
i am working As a Accountant I want
information about vat audit what types of
preparation is need for vat audit
thanks & regards
santosh b kulkarni
I want to Know sir/s in Gujarat VAT
1) Can we take Credit of VAT & CST both ?
2) or We have to Deposit which I have Collected CST from Sales A/c
3) That Person only taker of CST he/she don't give CST to anyone.
4) If 1st ans is will be taken so How can we do the Calculation of it ? pls send me any file on my emil ID related to this Query
my Email ID is murtaza_bhagat786@rediffmail.com
Thanks for your advise in Advance
AS PER THE AP VALUE ADDED TAX ACT 2005 LEAFLET 14 vide ITEM (1)(b) IF AN AGENT SELLS GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPALS HE IS UNDER NO OBLIGATION TO OBTAIN REGISTRATION UNDER ACT. SUCH AGENTS USE TO MAINTAIN RECORDS IN FORM 521 AS PROVIDED IN RULE 34(1). IT WAS SUFFICIENT AS PER THE ACT. BUT AFTER THE ADDITION OF SUB SECTION 10(a) UNDER SECTION 4 VIDE ACT NO.28 OF 2008, WHAT IS THE POSITION OF AGENTS WHO SELLS GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPALS. IS IT NECESSARY FOR SUCH AGENTS TO OBTAIN REGISTRATION UNDER THE AP VAT ACT 2005?
I want to know whether VAT is charged on services as well?
VAT is charged on final price of goods whereas sales tax is charged when goods are manufactured. So how can we say that VAT replaces sales tax?
Is it not true that VAT increases the price of the product?
hi Friends...........
can you provide me the West Bengal VAT deposit Challan in word/Excel format?
What is the P.T rate on salary in Maharashtra after budget for this year and it is applicable from when?
One of my client based in delhi (head office) wants to open branch in Pune, Maharashtra , main objective is to sale their product within maharashtra, Gujrat etc.What will be the procedure for getting MVAT No.?
What documents are required for that?
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