CA. PABITRA MOHAN
14 November 2008 at 16:57

textile products

whether VAT is applicable for textile readymades,clothes? if applicable what s the rate?


Rahul Suresh Jinde
14 November 2008 at 14:13

Vat Rate-School Bag

Respected All,
One of my client, purchase materials of school bag, stitched at home. I want to know what is the VAT percentage (%) on School Bag under which category.
Awiting your valuable guidence.
Thank you.


Lalit Khurana
14 November 2008 at 12:01

Why VAT is not charged on modem rent

If we are giving movable property on rent to any other person then the VAT Act is applicable under right to use act

In Vat act that was specifically mentioned that VAT is applicable on giving right to use movable property

but all the big entities likw MTNL , Airtel are not charging VAT on giving modem on rent

both the companies are charging service tax on there but not charging VAT on rent .

Please tell me its important for me its urgent

any circular , notification etc which giving waiver or exemtion

plese directly mail to lkhurana@smxglobal.com

or

lalitkhurana786@yahoo.com

Thanxs

lalit khurana


Tajoddin
14 November 2008 at 11:24

VAT / Export Related Query

Dear Experts

We are the traders in Karnataka State Registered under KVAT Act - Bangalore.

we have to export of Basmathi Rice from Punjab State / Andra Pradesh State. Shipment will go through Maharastra State - Mumbai Port (We are in Karnataka-Bangalore)


what is the implecation of VAT / Transport / Entry Tax / Other any statutories.


pls suggest me......


Tajoddin
14 November 2008 at 11:21

VAT / Export Related Query

Dear Experts

We are the traders in Karnataka State Registered under KVAT Act - Bangalore.

we have to export of Basmathi Rice from Punjab State / Andra Pradesh State. Shipment will go through Maharastra State - Mumbai Port (We are in Karnataka-Bangalore)


what is the implecation of VAT / Transport / Entry Tax / Other any statutories.



pls suggest me......


Rashi
12 November 2008 at 16:18

Audit Report

A company is an EOU Unit. It is manufacturing goods on which VAT is payable.During the year the company purchased windmill and produced power on which vat was not payable.

Ques is whether in VAT Report we are require to mention the profit of POWER DIVISION as it is shown differently in AUdit Report as per IT.Or it is ok if just give the details of Mfg Division


DNYANESHWAR
12 November 2008 at 09:17

Tax on sdample invoice

Is it necessary to levied Tax on Sample invoice.If the tax has not charged on sample invoice,what effect would occured on financial.


jay
11 November 2008 at 22:27

tax excemption against h- form

sir against h-form, seller doesnt charge taxes on th bill to exporter.

but do the seller get tax excemption on billed products that he had purchased locally by paying vat n sell it to exporter


jay
11 November 2008 at 21:58

wht is H- form n where it wors?

sir, we r in business of machinery, a exporter wants to purchase machinery from us to export s.africa sir in our bill how do i calculate tax.
he mention abut H-form. what is h-form n how does it work


S. Anand
11 November 2008 at 16:18

Works Contract Tax

Dear Sirs,
We are a company in chennai, taking up a project in Karnataka.
The approx value is about 100 Cr. which consists of 60Cr. equivalent in USD value and balance 40 Cr. in INR. This 40Cr INR is inclusive of Civil, Structural, Erection, etc...
My queries are:
1) What is the Works Contract Tax (WCT) %age as per Karnataka state.
2) Whether the WCT will be charged on full value of project or only on labour portion.
3) The USD portion will be imported and hence, will the duties be added in order to calculate the WCT.
4) Applicability of TDS on the value of project.

Request you to clarify.
Regards
S. Anand






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