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

Hi All
Please can you help me in the following question

1 What is VAT? How should I explain about VAT at the time of interview?
2.What is criteria to be registered under VAT ( Mean to what turnover should be there in individual & Company)
3. What form number is used to be registered in VAT?
4. How many times are Vat returns filed and which form numbers are used to file a return(in individual & company)?
5. what is due date to file a return & challan?
6. what is treatment for Capital Asset under VAT( purchase a machinery 500000)? How will we take credit from this and what entry should be passed?
7. what is CST?

Thanks in Advance

Monia

Dear Sirs,

Kindly confirm in case of sending shippment from Delhi to Kota or Jodhpur, whether the Vat Form 47 (road permit) is required?

Also whether it is required only when the shipment is going through Surface transport or it is required through by AIR too?

kindly confirm ASAP.

my problem is that
i filled return the year of 2005 -2006 dvat 16.
i filled purchase 244021
but purchase is only 237000
at the time of assment i go vat office and see the department file i was afriad now what should i do ? how i correct it without any penalty ? help me . i am going for assment on 3-4 june 2009.
should i clear to officer its done by mistake or should i file a letter againest my mistake. to say sorry, its possible to convence officer. or whats the penalty of this as legel. help me pls.

Dear sir,

I want registered in D-Vat as composition dealer, How many amount of security.

What is the elegiblity of secuty dealer.

Harish

whether person taking contract of welding works covered by VAT and have to pay VAT on contract amount by considering sales. If yes then what %age will apply for the same? whether same is covered under Service tax also