Friends,

Whether VAT input credit can be availed and utilised in the following scenario ?

1 The company's Finished Product is exempted from VAT.
2 It pays VAT at the time of purchasing Raw Materials etc.
3 Scrap is generated during manufacture of Finished Product and the same is sold. VAT is collected and paid during such sales.
4 Can the company avail input credit on purchase of Raw Materials etc. and then utilise the same against VAT liability arising on account of sale of scrap?
5 Is there any provision for claiming input refund of VAT paid on purchase of inputs(ie Raw Materials etc.).

SIR,
WHAT IS THE DIFFERENCE BETWEEN TAX INVOICE & RETAIL INVOICE ?

Whether TDS payable on expense booking of WCT is eligible for set off against VAT receivable??

1. under the composition scheme if 45% items of 4% and 55% items are 12.5% then which rate to be applied.

2.under the composition scheme if 55% items of 4% and 45% items are 12.5% then which rate to be applied.

Sir/Mam,

The final product is exempted from VAT(ie zero rate of tax). However, the scrap generated during the manufacture of final products is chargeable to VAT.
Can VAT input credit be taken on purchase of raw materials etc. in proportion to the quantity scrapped or otherwise ?

Dear Sirs,

Can a registered car dealer in Tamil Nadu buying a car from the manufacturer under VAT, sell the car to a end user in another state or union territory (read as to Pondy from Tamil Nadu)? If yes, will this sale invoice be VAT or CST? Can input VAT credit be taken in this and how should the sales tax (VAT or CST) be remitted?

Regards

Prasanna

Dear All,

Any body could tell me the list of documents required to getting TIN No.?

Thanks & regards

Deepak Gupta

plz tell me the basic differences between VAT and Sales tax. if rate of sales tax is lesser than VAT then is it beneficial to purchase goods from other states? how VAT and SAles tax differs practically. thanks

Party submit C form only at the year end ie. once in a year.Is it to be filed Quarterly basis or on Annual Basis.

What is consequence for filing C Form??

Dear experts
I am doing a statutory audit for a company in Tamil Nadu.I just want to know that is there any time limit for filing revised VAT return for companies?