During Sale of Fixed Asset (Which is in the usable stage, not a scrap) whether VAT is applicable.

Kindly suggest me in this regard.

Dear Sir,

We are registered under Maharashtra Value added Tax, 2002. And now we will execute the Job works. So my query is related to Works Contract Act. Does the WCT will attract this transaction? Do we require to get separate registration under WCT?. How to prepare the bill under WCT?.

Please advice us in details procedure under WCT.

Thanks

Sanjay Bhagat

Is it compulsory to claim refund of excess vat paid for the year 2008-09 & can it be carried forward to next year. If no what is procedure of claiming refund

Hi


i have purchased assets with VAT. But i am selling the manufactured products without affecting VAT. shall i get refund of VAT amount?

please explain the difference between job work and works contract. i understand that job work is exempted from tax under VAT.

If I undertake a work contract of a turnkey project of Interior Furnishing of office in Chandigarh and My office is in UP, what all taxes do I have to charge and what taxes will my material suppliers charge me in CHandigarh. Will CST or VAT be applicable?

I am planning to purchase some material from Chandigarh and some from UP.

For material purchased in Chandigarh, the material will be supplied to the site in chandigarh. Will I have to pay CST?

One Contractor is doing Boundary wall work for a SEZ Developer in SEZ area. The contractor is using some materials like cement,concrete etc. while executing the work. Now will this work is Contract for Service only or does it fall in Works Contract category.

Thanks

Dear experts,

If a company ABC Ltd sells a Vehicle (their Fixed Asset), will VAT be applicable on that sale? Please explain me in this regard.Will the Sale be treated as a sale of scrap?

Thanking you,
Vyshak

Dear All

VAT inculdes CST or not give clarification

If a company purchases Cement or other such material for construction/expansion of its factory and office building, is it eligible to take Input Credit for same?