We are sending our goods to our Consignment agent in Orissa from Maharashtra on F form.
E.g.: Pickle, Jam
Is their any liability of Entry Tax in Orissa???

dear sir,

I just learned from my business colleague that CST has become 1 % w.e.f.1.6.2009.
is it so ? seek your confirmation.

thanks in advance
anckoora.

Seller gives invoice to party in this form:

Sale of 100Kg goods @ 20 = 2000
VAT @12.5% = 250

Total = 2250

But actual receipt to Buyer is 95 Kg of goods. So which of following entries Buyer shd pass entry for this:

a)Purchase 2000
Vat Input 250
To Seller 2250 &

Seller A/c Dr 112
To Dis Recd 112
(in this case VAT credit is taken for full)

or
b) Purchase A/c Dr 1900 (95*20)
VAT Input A/c Dr 237
To Seller A/c 2137
(Here VAT input has been taken proportionately)

So which of A or B will be correct method?

If an inter state purchase is made & CST is paid on it.
Subsequently purchaser sells that product intra (within) state, VAT will be applicable.
So whether deduction of CST will be available to that purchaser.

Dear Experts,

I have a query regarding goods sold by an unregistered dealer from one state to another state. The Unregistered dealer is situated in gujarat and making sales to a manufacturer in maharashtra. The goods sold are Raw Synthetic Fiber. Now upto what limit (in value) can the seller continue selling in this way. Is there any tax implication on the buyer of the goods i.e. to pay any purchase tax. Can the Buyer make payment through bank to the seller. Is there any TCS applicability on such transaction. What can be the consequences or penalties in case of delay in registration for and charging VAT/CST.

what is the interest & penalty on delay of deposit of DVAT? I know that Rs. 100/- per day payable on late filing of DVAT return but Is there any penalty on tax payment also?

Hi,

I have a query on the above mentioned subject matter. the contractor is executing construction contract in the state of Karnataka.

My Query is that under the KVAT 2003 WCT Composition Scheme the contratcor does not require to include the URD purchases made in executing the contract. Does this provision still exist or do we need to inclue the URD purchases in the taxable turnover?

Secondly the dealer executing the WCT Composition scheme is not permitted to make any interstate purchases? has there been any amendmend to this provision?

Kindly Reply to these queries?

Regards

CA K.P.Vinu Iyer

Form D abolished by Govt from 01.04.2007. Please let me know what is the tax rate for Govt public sector particularly for Railways and is there any GO?

Dear Sir,

I am working in Hospital Industries. Our Hospital need equipments which we have to purchase from out of Maharashtra we have
paid MVAT on Monthly Basis

One an equipment purchased from Gujrat.
Party mentioned CST 4% (without C Form) & 1% extra on their bill i.e. Total 5 % is there

I talked to party regarding this However party replied that you have to pay 1 % extra Charge due to non submission of C form

Is it Correct of not ?

With best regards,


Vilas Choudhari

Dear All,
Good Day,

We are vat& Cst registered dealer in Delhi. We purchase goods from Delhi's Dealers agt Vat Input 4% and the same stock are transfered to our factory at Gurgaon, Haryana and then it will consumed in the process of making final goods and finished goods are sold from Gugaon.

Whether we can take total input vat
Credit on such purchases in Delhi or restricted amount to be claimed or some other procedure.

Please advice in details or suitalbe example.

Thanks & b'reagrds
Saran