Penalty For Late Filing Of VAT Return has Been Increased from 2000/- To 10000/- from 1.4.2008

Question is Whether this is appliacable for returns filed after 1.4.2008 but pertaining to earlier period or return filed after 1.4.2008 pertaining to periods 1.4.2008 and therafter?

Plz Clarify Since This is Specific Provision For Same?

Doubts in VAT returns – we are submitting VAT 200 every next month 15th day, for July 31 we raised 5 invoice but one is approved in time (August before 15th ) reaming invoice are approved after the submission of VAT 200 monthly returns – How can I show that balance invoice in VAT returns? (Should I submit revised VAT returns for July or shall I take that balance 4 invoice in this month VAT Returns August month. (Our sales are completely exempted sales so we are not paying sales tax) Please suggest.

Doubts in VAT returns – we are submitting VAT 200 every next month 15th day, for July 31 we raised 5 invoice but one is approved in time (August before 15th ) reaming invoice are approved after the submission of VAT 200 monthly returns – How can I show that balance invoice in VAT returns? (Should I submit revised VAT returns for July or shall I take that balance 4 invoice in this month VAT Returns August month. (Our sales are completely exempted sales so we are not paying sales tax) Please suggest.

My Company Registration For delhi Vat in September 20. But it Issued a bill in august with Vat & He also Purchase In july & August with Vat Input


Can Company Claim For Input Vat Taken In july & august &

In Vat return it not taken Input & Out put vat Before Registration

What is the Time limit for input taken Before Registration is it 30 or 60Days

A manufacturing company buys some input item which is subject to VAT. A part of this input is used by the company in manufacturing a product which is not subject to VAT but to earlier Sales Tax. The company makes other products which are subject to VAT.

Now please provide your professional views on the manner in which the company shall compute the VAT credits that should be reversed for the product that is not under VAT. The company cannot do this on the basis of input/output ratio because that is complex and unascertainable.


REPLY

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A manufacturing company buys some input item which is subject to VAT. A part of this input is used by the company in manufacturing a product which is not subject to VAT but to earlier Sales Tax. The company makes other products which are subject to VAT.

Now please provide your professional views on the manner in which the company shall compute the VAT credits that should be reversed for the product that is not under VAT. The company cannot do this on the basis of input/output ratio because that is complex and unascertainable.

We are real estate developer.We are dedcuting WCT and depositing on behalf of contractors.

Can we avail benefits of C form in purchases?

Hey All,

1) I wanted to know.... that in Monthly VAT Return.... for purchase .. have given all the TAX INVOICE details for which i shall get the Input Tax credit... but for Retail Invoice i don`t recive any benefit.... so shall i give the details of Retail Invoice for the VAT Return or not.... and is it necessary....

2) And when i purchase some goods in TAX/Retail Invoice outside State does those invoice do any benefit .... and should i give the details of the same in returns....

Dear Sir,

Under Punjab Vat last date for submission of Form 'C' was 30.06.08 for 2006-2007 year. The forms received from clients were submitted in time alongwith the list of forms not received. But for those not received what is the penalty or interest apart from 6% balance C.S.T. to be paid?

I am a mfr in Mumbai. my 1st sale to a party in Ahmedabad(Trader/Reseller). He sells it to a consumer/contractor in Rajkot. What VAT/ Local tax should Ahemedabad reseller charge to Rajkot consumer if : case1 - its a Form E1 transaction; case2 - its a Form C transaction?