on 31st march 08, my VAT a/c shows a credit(refund due)of around Rs. 4 lakhs. Should i claim for refund or should i carry it forward in the next year to set it off against next years liability?.

SOME VENDORS DOING ELECTRICAL WORK FOR OUR CO. THIS INVOLVED N=BOTH MATERIAL & SERVICE.THEY ARE CHARGING 4%WCT ON THEIR BILL.

FOR EXAMPLE

Invoice gross amt 100

wct (4% on 100) 4

service tax (12.36%*33%)4.12

total 108.12


Now tell me whether we've to deduct the wct amt or not?if yes what should be the wct deduction amt.what is the procedure in payment?what forms are available .

If no tell me who paid the wct amt to govt?

Hi,

What is the procedure for obtaining form C under the Sales Tax Act, for a company in Delhi.

regards

Sonika

Hi,

What is the procedure for obtaining form C under the Sales Tax Act, for a company in Delhi.

regards

Sonika

Dear All,


Please tell me, What is the Entry Tax?

& i bought one imported Machine to AP, But karanaka state collect entry tax is it correct please clearfy me.


Durga Prasad Garaga

NEARLY 60%OF OUR PURCHASES ARE MADE LOCALLY AND ALMOST ALL OUR SALES ARE INTERSTATE SALES. AS A RESULT,WE ARE NOT ABLE TO ADSORB THE IN PUT VAT CREDIT AGAINST OUR CST LIABILITY.(IN PUT VAT MOSTLY 12.5% WHILE CST IS 2%) SINCE OBTAINING REFUND FROM THE DEPARTMENT IS A CUMBERSOME PROCEDURE,CAN WE WRITE OFF IN PUT VAT AS PURCHASE?

what is the CST rate for the F.Y.2008-09

is there any change of rate if sales are made on c form.

Our company is situated in STPI unit in noida.Ours is a software comapny.We claim service tax refund on input service. Can anybody let me know what are the eligibility criteria for claiming refund of VAT/Sales Tax? Whether it is applicable to STPI unit?

As per circular, the time limit for submission o Form "F" underr CST Act is by end of next quarter. If the dealer fails to submit and also not requested for extension of time limit.
What will be the panalty if any?
Thanks,
Ratan Lal Sharma
Indo Gulf Fertilisers

Sir

i have one doubt in Works contract 12.5% Tax

labour exemption 33% in Karnantaka VAT Act
if that amount not in book, Std elegible 33% or Books.
Ex: 1000/- Contract Receipt
33% - 333/- as per Kar-VAT Act Labour
Books - 250/- Actual Labour
which one exemption in VAT
Regards
Tajoddin