Vat should be charged on sale of fixed Assets, if at the time of purchase of assets we have not taken credit of sales tax.

whether sales of fixed assets levy of tax

Dear freinds,

We are a trading company situated in Bangalore.
We have just opened a Branch in Tirupur and taken a sales Tax registration for the Branch.

I would like to know what all the procedures under Karnataka Vat for stock transfer materials from Bangalore to Tirupur.

Regards

Subramanian

At the time of Local purchase,we are availing vat credit 4% or 12.5%.When we return the goods thro vat Invoice,we are charging 4% VAT.Should we credit vat credit 4% or 12.5%? i,e,similar treatment as cenvat in excise or can it be adjusted thro purchaes.Can anyone thro light in this matter?

I have paid customs on Import of goods I want to know can I get the VAT refund or can I adjust the VAT in excise paid.What is the procedure.

Thanks
Sarfaraz.

If an individual has filling its sales tax return quarterly instead of halfyearly. But now he comes to know .
What are the remedies available to him for this guilty without any inconvenience.?

Dear Sir,

We have purchased material in Hyderabad and sending to varanasi(UP) through 3vehicle purchased from one supplier. Can i give one road permit to all these 3vehicles?or i have to give road permit to every vehicle separately.

Thanking You.

A Pvt Ltd. which is registered under MVAT for its manufacturing facility in Maharashtra, set up another manufacturing facility in other State.

Is it required to include the new manufacturing facility in another
state as an additional place of
business under MVAT registration to the
Rerturn Branch ?

It is proposed to introduce GST in 2010.
My question is
1 Will it impact the import into India,if so how?
2 How will GST affect the exports which are presently exempt from all types of taxes/duties ie excise,sales tax etc.
3 Is it confirmed that GST will definitely be implemented by 2010.
Thanks
J Kumar

Dear All on Purchase of Capital Assets under Maharashtra VAT. What is the ratio or Rate for which we can take set off in VAT and What is the Ratio or Rate which we have to Capitalized for All types of Assets like Plant and Machinery, Computer, Software Etc. Can We Take Hall VAT Amount as Set off on Purchase of Capital Assets Pls Help Me, Thanks in Advance

Is a workscontractor having EPC contract for the construction of PowerPlant a manufacturer?
Do a workscontractor purchase goods as industrial input at concellational rate?