Dear Experts,

We have registered dealer under the Delhi Vat Act 2004 and Central Sales TAx Act 1956. We have filling the quarterlly return both Dvat & CST Act on regular basis, but one invoice raised against central sales @ 12.5%, we have wrongly considered in the return by twice bare in the IIIrd quarter & IVth quarter (i.e. accounting year 2007-08) and thereafter deposit the excess tax under the CST Act 1956. Please give me advice, How can take the credit under the CST Act 1956, whether option is that, CST credit to be carried forward to next quarter or Financial Year.

I am Registered under M. Vat. We are chargine 4% Vat on our product i.e. Carbon Dioxide Gas (Industrial Gases). If I sale the same product to Unregistered party then what is the Rate to be Charged i.e. 4% or more. What about that, when i will file Vat Return? Shall i claim set off or not

Under Maharashtra VAT , a Works contract can be taxed in 2 ways
1) Ad hoc deduction 15% / 20% / 40% etc for labour and tax balance amount @ aplicable rate
2) Composition scheme where we pay tax @8%

If i am executing an Interstate works contract then how should i tax it?
Can i get ad hoc deduction for labour charges? if no should i pay tax on entire contract value?

Dear all,
Can any body send sixth Schedule of the KVAT Act 2003, list of works contract or otherwise tell me the website where can i down load the same.

Sreenivas.S.R.

I want to know whether the rate of CST applicable is 2% for manufacturing industries and trading industries both or is it 2% for Trading and 1% for Manufacturing industries. Our Pharma Manufacturing Industry is in Himachal Pradesh and started production in April' 2008.
Please guide me
Thanx

If a pvt. comapny sell the goods from haryana to gujrat,and registerd office is in delhi. Copmany has been billing from delhi.in such cases, from which state comapny should go for vat & CSt registration ?

hi!
can anyone plz tell me limit of turnover of VAT Audit is same at national level?
i mean in all states is it same?

waiting for reply.
thanks.

We have recently launched a software product in complete packaged form to be sold of the counter.

We are appointing distributors. The product price is Rs 10000/- + vat If individual approaches us we sell at Rs 10,000/- +vat each.

For distributor we sell

at 7500+vat each for first 25 no's ( Invoice Raised 7500+vat each)

thereafter at Rs 6500/-+vat for 26-50 slab( Invoice Raised 6500+vat each)

thereafter at Rs 5500/-+vat for 50-100 slab( Invoice Raised 5500+vat each)

thereafter at Rs 5000/-+vat for 100 & above slab( Invoice Raised 5000+vat each)


will there be any problem with vat(maharashtra)/cst. Or Income Tax.

Right now excise is not applicable to us.

dear forum,
I want to know the due dates for payment/returns of APVAT and the consequences (Interest, penalties) for their non-compliance

Suggestion is required on the following matter:-

Facts:
There are 4 person, the status of the these four is as follows:-
1. A Ltd Co.,
2. Mr.X, an individual
3. Mr.Y, an individual
4. B Pvt. Ltd. Co.
Each four are having one mine at Udaipur. Beacause as per udaipur royalty rules a person can not have more than one mine, so A ltd decide to hold the mine in the name of the other person as mentioned above. each of four will be liable to file royalty return individually.
Mr X & Mr Y, Both are the promoter & Director in A Ltd. & B. Pvt. Ltd.
B Pvt Ltd is to be merged w.e.f. 01.04.08 in A Ltd. & matter is pending with the honr. high court.

Now the query is-----

If there is a MOU between these four person i.e MR.X, Mr.Y,A Ltd. & B Pvt. ltd. that All assets to be used in mining process will be hled by A Ltd & all revenue generated through mining business will be of A Ltd.
Mr. X, Mr .Y & B.Pvt. Ltd will get Rs 5000/- p.m from A Ltd. against use of their name/right in mining.

What will be the sales tax, service tax, & royalty provision in this regard.

Thanks.