if e-returned filed after due dates then can we appeal for rebate on this penalties because of assessing officer has charged panalties of rs 90000/- for late return file for A.y 2005-2006 ,pls suggest me. it's urgent.

While raising invoice for software items for which both VAT and service tax is applicable, do we need to calculate VAT on service Tax also?? Ex.

Goods Value Rs.100.00

AddService Tax 10.30

Sub total 110.30

Add: VAT 4% 4.41

Total Value 114.71

are the above mentioned calculations are Ok?

Dear Sir,

If vender material & Labour work Bills create joint, how many Percentage Vat ? & service Tax?

Dear Experts,

Can we sell the goods at the rate which is lesser than the purchase price as per VAT rules?

If so, whether can we get refund from the dept., for the excess VAT which we paid while purchasing the goods.

Please clarify me. I am facing problem over here.

Regards,
OR

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?