IF A CLIENT/ DEALER HE IS DEALING IN THE MANUFACTURING OF SIGN BOARDS AND IS A REGISTERED DEALER. I JUST WANTED TO KNOW WHAT PERCENTAGE OF VAT HE SHOULD APPLY (4 % OR 12.5 %) WHEN HE MANUFACTURERS & SELLS THIS GOODS.
NATURE OF BUSINESS ON THE CERTIFICATE OF REGISTRATION ARE AS FOLLOWS:- RESELLER, MANUFACTURER, RETAILER, WORKS CONTRACTOR.

OUT OF WHICH HE ONLY TAKES ORDERS OF MANUFACTURING & SELLS IT TO THAT PARTICULAR CLIENT.

PLEASE ANSWER ASAP.

THANKS & REGARDS

Is it compulsory for the Company which is assessing its VAT liability on its own, to get books of the account audited under Gujarat Value Added Tax?
If It is liable but does not carry out audit then what are the consequences of the same?
What is the time limit of filing of the audit report?

IS the TDS towards VAT in case of works contract an expence to the contractor? whether it be allowed in computation of taxable income of the assessee for the year?

I submitted this question 30 hrs before. i could not get reply. i think question is not understood. so this details
We are pwd contractor and get contract reciept(sales) from govt for work done. In said contract receipt they deduct 2% to 4% towards TDS VAT as agreed upon. Is this an expence for us? can it be claimed as an expence in computation of our taxable income of the year?

Dear Sir,
Request you to confirm the following:

We are purchasing DI fittings and will be in our stock. The purchase invoice will consist of material value + ED.

When we bill the same for selling, do we:

a) How to pass on the duty to our purchaser

b) Should the bill have the detail of material value (selling price) + Duty with individual calculation. Do we need an excise registration.

c) Incase of sales outside the state CST @ 2% with Form C

d) Incase of sales outside the state without Form C CST @ local tax or 10% whichever is higher.

e) Incase of sales to government department (irrespective of within the state or outside the state)rate of tax 4%. Form D has been abolished.

Request you to confirm / clarify the above details.
Regards.

Sir/Mam

We have been importing spare parts and selling them in India. These spare parts are sold on a warranty basis.
If any sub-part in those spare part becomes ineffective within the warranty period then those sub-parts are supplied FREE OF COST to the customer.

These sub-parts are purchased locally and then supplied FREE OF COST to the customer. The company also sells these sub-parts in the normal course of business.

Is the company eligible to take Input Tax Credit on these sub-parts which are supplied FREE OF COST?

If yes then please mention the relevant Section, Rules, Case Laws.

One of my client is registered under WCT Act. He is a contractor and using material purchased by himself and charging the same against the bill raised bi him to his client. At the time of billing he is charging VAT @ 12.5%(against both 4% and 12.5% purchase) Is it correct procedure. Also what rate of labour charges should be count on the bill raised by him to his clients.

Dear Sir,

I woould like to know if VAT is applicable for Web Desiging . And What would be the rate of percent.

In case of purchase of an asset, the amt of VAT paid can be used as Input Credit. For this, should this purchase necessasrly be locally made or it can be from any state in the country?

REQUIREMENT FOR REGISTRATION IN WORKS CONTRACT, RATE OF TDS/WCT/SERVICE TAX ETC.

IF ANY CHANGE FOR WORK CONTRACT FOR ROAD CONSTRUCTION WITH MATERIAL.

Sir,
Karnataka VAT
Recently there was a vat audit in one of my clients place, the vat audit people are insisting the client to collect the vat on freight&forwarding charges, courier charges and transportation charges collected from the customer

regarding this kindly advice how to go about it and if any notification is there kindly post me a notification