Please suggest whether the VAT input can be adjusted against the CST liability.
Please provide the relevant provisions if possible

Thanks

SIR


I WANT TO KNOW THAT "WHETHER THE VAT APPLICABLE ON SALE OF OLD VEHICLE" IN SERVICES SECTOR COMPANY.

MY CA HAS SAID THAT VAT WILL BE APPLICABLE ON SALE OF OLD VEHICLE. HOWEVER THE COMPANY DID NOT CHARGE THE VAT ON SALE OF OLD VEHICLES AS YET.

Hi!

i'll be cleared it by an example.

A (Noida) consumable item purchased from B (Delhi) on which full tax rate is 12.5%. A want this material by giving c form, B says he will charge 4% against C form. Is B is right or not.

if right then i want to know what is the exact rate of CST against C form.

Vendor is charging 8%VAT on the whole bill for construction of foundation for telcom tower in Maharshtra. He is also charging Service tax on 33% of the bill value.

Is it correct beacause on 33% percent of the bill value both VAT and Service tax is being charged.

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.

What is the penalty for filing Belated VAT Return, If the turnover contains only exempted goods and nil tax is payable?

Ours is a 100% EOU registered under STP Scheme and operating from Feb 2005 in Karnataka. We are importing capital goods from different countries and would like to know whether this will attract Entry Tax under the The Karnataka Tax on Entry of certain Goods AND
under The Karnataka Special Tax on Entry of Certain Goods Act, 2004.

One of my Client wants to open a Genset Rental Shop, that is giving Generator Sets on Hire, Kindly advice what he has to take whether Karnataka VAT or Service Tax

If Karnataka VAT is Applicable what is the Rate of Tax to be charged and if service tax is applicable what is the rate of Tax

Do i requied to get registered for MVAT if my annual turnover exceeds 10 Lacs and i am dealing in garments.

This is rajesh working in sugar industry in Andhrapradesh.

i have some doubts relating to input tax credit eligible on purchase of machinery spares and lubricants and other purchases made by the company.

we are selling sugar, molasess, bagasse and waste iron scrap.

sugar exempted product
Bagasse 4% Tax
iron scrap 12.5% Tax

we are purchasing goods at 4% and 12.5% tax rates

Example:

Sugar Sales 1,00,00,000
Bagasse sales 5,00,000
Scrap sales 2,25,000

input tax paid

Tax paid on 4% purchases 34,225
Tax paid on 12.5% purchases 45,789

How much input tax credit can be availed (elibigle for me)