what is the procedure for cancellation of TIN

in quaterly vat return assesse has not used the input credit of captial goods, now its time of vat audit so can we claim the input credit on capital goods now ?

MR. A was running ice cream parlour. He sold the business to Mr. X in September 2007. He colleted Rs.85,000/- of Maharashtra VAT on total sale price of business and issued a tax invoice to that effect.

Mr. X was not registered under MVAT as on the date of sale. He took registration in the month of february only after he completed sale of Rs.5 Lacs.

In the above case can Rs.85,000/- vat paid on purchase of business can be claimed as set off. In my opinion since the dealer was not registered at that time he can not claim the set off.

Pls. guide me on above issue.

Dear experts,

Please let me know hiring of Generator, goods vehicles using for works contract it will attract vat or service tax.

Since, service tax is applicble on Leasing and hire purchase of goods.

In the same manner, deduction is allowed for hiring of machinery used for carrying out works contract.

Either we can take tax shelter under both service tax as well as vat.

Please give reply for the same urgently

Dear Sir,

Pls tell me how the VAT input and output adjustment made. What is the ratio in which it taken for sales and in stock

thax in advance

Dear Sir,

Pls tell me how the VAT input and output adjustment made. What is the ratio in which it taken for sales and in stock

thax in advance

Dear all,

one of my client is registered under MVAT and having the business of supplying surrvey instruments & civil engineering material, recently he has supplied survey instruments to Maharashtra State Govertnment(PWD)and has rasied the bill with vat @ 12.50% the office while paying him has deducted VAT @ 4%, TDS @ 5.25%, service Tax @ 12.36% and has paid the bill,

i.e. suppose the bill amount is Rs 1,000/- they have deducted Rs 40 as vat, Rs 52.50 as tds, & 123.60 as service tax.

now my query is under which section they have deducted this tax? can they deducted it? can we claim the VAT amount while filling the half yearly VAT return & under which section ?

yes we can claim the TDS amount while filling the ITR, and he is not registered under service tax so that amount cannot be claimed.


Please Guide me
hoping for a positve response form all


Thanks

Atul N.S.

an individual is an exporter of fancy items.it is registered under Delhi VAT/CST Act
it has following export sales transaction
A. bill no. 1 for $5000 dtd. 15/6/08 payment recd. Rs. 222313 on 8/9/08
B bill no. 2 for $ 3100 dtd. 2/7/08 payment recd. Rs. 143310 on 20/9/08
C. bill no. 3 for $ 4200 dtd. 20/7/08 payment recd. Rs 184300 on 1/10/08
D. bill no. 4 for $ 3950 dtd. 10/8/08 payment not recd. Till 3/10/08 the date of filing Sales tax return
what will be the correct export sales for Delhi VAT/CST Return. Kindly explain the basis of calculation also

Dear Sir,

What is the % of disallowance on office equipement & furniture . I think It is 4% & remaining is allowable for Set off.
is it right?

One of my client is changing the constitution from prop to partnership

He is already a RD.

Suppose he enters into partnership on Day 1, When should he intimate Sales Tax Office, What are the procedures at Sales Tax Office.
Can Firm take voluntary Registration ?
OR Firm will be liable from Day 1 ?

Will firm have to pay Registration fees of Rs.5000 & Deposit of Rs.25000

URGENT
Regards
Rakesh Jain