CA Ashok Kumar Jha
23 January 2009 at 18:57

whether vat is chargeable on sale of car


Hello Member

Can any one tell me whether VAT is applicable on sale of car in following cases.

a Comany purchase car for Rs. 500000 and paid VAT @12.50% after 15 months company want to sale the same for Rs.300000.

Whether VAT is applicable on sale of car for Rs 300000 if yes at what rate.

also considere at the time of purchase VAT input is not applicable.


Nitin Panthri

Dear sir/madam,

Pls tell me the procedure of depositing of VAT in haryana and challan used for it and in which bank we can deposit the tax.


pls also tell me the mode and form of filing of return under haryana VAT for a work contractor.

hoping that i will get answer soon.


Thanks and Regards

Nitin Panthri
(npanthri152@gmail.com)


O. Mahalakshmi
21 January 2009 at 12:36

Input for Electrical Items

Sir,

Can we take input of electrical Goods? Some one told me that should not take electrical items as input even though we paid vat for that items.


O. Mahalakshmi
21 January 2009 at 12:27

Vat Calculation

Sir,

We are issuing invoice for Vat Tax and Service Tax items and also calculating the Vat Tax for both items. But should we pay service tax separately for the same item? Should we pay even though we paid vat Tax?


PARDEEP SINGH
20 January 2009 at 16:25

TDS on Sale . ?

I want to ask one thing that if we sale to someone then in which conditions that party deduct our TDS on Payment and which rate. Please Reply me soon its too urgent.


Waiting for your valuable reply.


R.Kathiresan

i have studies that gold bullion are charged at 1% and those gold found in bulk
and there was a notification SBT u/s kerala commercial saying that gold of 5gm 10 gm gold bar are to be charged at 4%
so what is it suppose to mean
i have filed a return for sale of 1 kg gold
purchased from MMTC who charged me 1% so i charged the same but assessing officer has given me a notice of best judegement with based on the notification of SBT so what is it


Md. Safi Baig
19 January 2009 at 13:07

VAT credit

can a purchaser take VAT credit on the purchase of machinery items booked under the head repairs & maintenance?


Guest

The vat paid on purchases of fixed assets during the pre-operation period can be claimed as refund(since there is no sale during the preoperation period).

Can this refund be adjusted for the payment of sales tax after the operation starts or one has to specifically apply for refund(by submitting the required application Form)

Please reply... It's urgent.


vasanti natu
18 January 2009 at 14:35

TIN applicability

This is query related to TIN registration.

If one person having 3 propritory concern do he need to register for 3 concernd seperatly, ( all 3 propertitory concern within Maharashtra.) or do he only need to declearation.


harish
17 January 2009 at 16:56

Vat return revise

Dear Sir,

I am working in company as an accountant and return filling on quartely basis and when i filled my VAT & CST return i got some defect, wrongly i mis calculte VAT & CST both. 3 bills are pending to be enter
now so i want revise my vat & cst return and i want pay balance VAT & CST amount with intrest.

WHAT IS THE RATE OF INTREST OF VAT AND CST TO BE PAYABLE ON PENDING AMOUNT.

THANKING YOU
HARISH
09313022338





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