SIR ,MY CLIENT HAVE LOCAL PURCHASE INPUT TAX CREDIT ,NOW HE IMPORT (HIGH SEA PURCHASE) ,THIS ABOVE GOODS SALE TO LOCAL SALES AND INTER STATE SALES AND TAX LIABLITY OF THIS SALES GOODS CAN BE SETOFF AGAINST INPUT TAX CREDIT OF LOCAL PURCHASE.

IMPORT PURCHASE GOODS TAX LIABILITY STATEMENT
TAX LIABILITY OF LOCAL SALES = 4%
TAX LIABILITY OF INTER STATE SALES = 2%(C FORM)
----
TOTAL 6%
THE ABOVE TAX LIABILITY OF IMPORT GOODS CAN BE SET OFF OR NOT AGAINST LOCAL PURCHASE INPUT TAX CREDIT PLS PLS PLS PLS CLARIFY SIR

I WANT TO KNOW WHAT IS THE DOC. REQUIRED FOR REGISTRATION IN DELHI VAT AS WELL AS CENTRAL SALES TAX? HOW MANY DAYS TO BE REQUIRED FOR GETTING CERTIFICATE? WHAT IS THE PROCESS FOR REGISTRATION?

PLZ SOVE DEARS

For calculating Tax liability in Form 704 (Maharashtra) can we take set of between CST 12.5% (Unregistered dealer) with CST 3% (registered dealer).


Thanks in Advance.

Thanks & Regards.
Mahendra

Please provide your inputs respect of reversal of Cenvat credit, availed on capital goods, at the time of retirement of asset: Case1: Capital Asset (useful life 4 years) is retired within 1 year of its acquisition? Case2: Capital Asset (useful life 4 years) is retired after 2 years but less than 4 years? Case3: Capital Asset (useful life 4 years) is retired after its useful life i.e. 4 years? As per second proviso of Rule 3(5) of Credit Rules: "Provided also that if the capital goods, on which CENVAT Credit has been taken, are removed after being used, the manufacturer or provider of output service shall pay an amount equal to the CENVAT Credit taken on the said capital goods reduced by 2.5 per cent for each quarter of a year or part thereof from the date of taking the Cenvat Credit". What will be impact of this proviso in above mentioned cases?

Respected All,
I hv some query,
1) What is the exact percentage available for set-off on purchase of capital asset after 01-04-2008 ? (Vat 12.5% or 4%)(Under Maharashtra VAT Act).
2)I have purchase electric material for office reapiry in this bill we have received input vat 4%. Can we take claim for this as revenue expenditure?
(Under Maharashtra VAT Act)
Please give Under which VAT Section this comes.
Awaiting your valuable guidence.

WHERE TO DEPOSIT TDS ON WCT?

MY CO. HAS ALLOTTED NO. OF CONTRACTORS WORKS CONTRACTS UNDER ANDHRAPRADESH VAT RULES 2005.

NOW AT THE TIME OF PAYING THE AMOUNT WE DEDUCT TDS ON WCT . WHETHER WE'VE TO DEPOSIT THE TDS ON WCT AMT IN OUR SALES TAX CIRCLE WHERE WE ARE DEPOSITING OUR VAT? OR WE HAVE TO DEPOSIT THE AMOUNT AT THE RELATED SALES TAX OFFICE OF THE CONTRACTOR? PL. SOLVE THIS WITH RELEVANT RULES /SECTION OF AP VAT RULES 2005 OR AP VAT TAX 2005.

When Goods are sold to Any SEZ, the SEZ can issue Form I and the seller can sale the goods without tax.

Whether this is applicable to Local Sales as well....i.e. when the SEZ unit is located in mumbai and seller is also in mumbai ....can he sale the goods tax free and obtain FOrm I from SEZ.

As per Maharashtra VAT there is no such provision for exemption of tax in case goods are sold to SEZ. 'Form I' provision is only mentioned in Central Sales Tax Act. Does that mean that when sale to SEZ is a local sale one has to charge tax at Local Rates???? and when the sale is to SEZ outside Mahrashtra then one can sale the goods tax free against Form I?

We want to send our materials to outside of State for fabrication or Jobworks and after fabrication material will receive from outside state, only labour charges bill raise by Jobworker, So,please tell me,waybill needs this time two time.

We want to Import machine fist time from outside of India through Ship or Air.
So, where and when we have to send waybill if we import through Ship or Air.

We are mfrs. in AP. we have filled mar'08 return along with 200B in april'08. After filling of march return we have come to know that some of purchase bills not accounted and then we accounted in the month of feb & Mar.(Vat Purchases). We have taken input vat credit what ever the purchases accounted in the month of april'08 Return.

are we eligible to take credit and if not please refer the Rules & Sec. clearing.
Please advise