Hi Experts
Definition of Sale price under VAT Act.
“sale price” means the amount of valuable consideration paid or
payable to a dealer or received or receivable by a dealer for any sale
of goods made including the amount of duties levied or leviable under
the Central Excise Tariff Act, 1985 or the Customs Act, 1962 and any
sum charged for anything done by the dealer in respect of the goods
at the time of or before delivery thereof...
Now Whether Transportation exp. for delivery of the goods (in relation to sale i.e. from seller to buyer) incurred by seller and charged in Invoice separately is to be inculded in SALE PRICE for the purpose of calculating VAT on it.?????
Help experts..
Thanks
Rohit
Dear Sir/Madam,
Is CenVAT is applicable now? and in which States VAT is applicable of Indai now?
Kindly Brief in details regarding VAT and CENVAT.
Regards
Vendor is a Stationery shopowner. He has charged VAT on Book Binding activity alongwith VAT on stationery items (pencil, etc). As far I know VAT is chargeable only on sales of goods but Book Binding is not a sale of good. Whether he is right in charging VAT on Book Binding? Please advice
Hello Friends,
Can anybody advise me on whether Vat can be levied on transport charges seperately charged on invoices?
assesse is partnership firm in Gujarat, it is doing business of embroidery labour, During its course of business it has to purchase material amounting to rs. 25,00,000/- on which it has to pay VAT, the turnover of Business has exceeded Rs 1,00,00,000/-(basic limit for VAT in Gujarat),so whether assesse is liable to Vat audit?
Sir,
We are dealing with pharma distribution.
We are purchasing meidcines from andra.
So they are charging cst 4%.
So we have to file c form here in karnataka or not? Please tell me more about C form Why it is filed ?
can anyone provide the new form no.704 in excel format. our E Mail id mandarpai288@yahoo.co.in,rdshenvi@rediffmail.com,shri7865@gmail.com. Its really "URGENT".................................
What is the procedure for issue of "C" form for E i & E II Transaction?
Example:
I in WB purchased goods from X and the party gives the invoice without charging CST. But this material directly delivered by Y from Delhi to WB by charging Excise, CST etc. Here i have to give "C" form to X but whose invoice details i have to furnish in "C" Form. If i have to give the detials of invoice of X there is no CST charged in it.
Kindly Clarify. Also plz. clarify whether i have to receive E i from X....
Regards,
Vijay Modi
an agreement have been executed by power company for construction of 33kv line where major material is being provided by company to contractor and some material will be arranged by contractor. the value of work contract is about 50lacs in which45lacsis erection carriage charges and remaining is the value of material arranged by contractor.what is applicability of vat in this case?whether power company will pay vat on material arranged by contractor or vat on full value of contract will be deducted by company?
whether VAT is applicable for textile readymades,clothes? if applicable what s the rate?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
VAT on Transportation cost shown in invoice(gujarat)