My client is a distributor of xerox machines. He enters into full service maintenance agreement with his customers for service and also for supply of toner, catridge & drums. He collects 4% works contract tax for this agreement. Whether he has to reverse the input credit for the free supply of toner catridge etc..

pls help to resolve this issue

If my current sales are @2% and i have sales return of last period which were @3%
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?

please answer the following query:

A COMPANY HAS HEAD OFFICE IN HARYANA AND ONE BRANCH AT DELHI. IT PURCHASES SOME CONSUMABLES FROM DELHI AND RECEIEVES IT AT ITS BRANCH OFFICE AT DELHI.BUT IT MAINTAINS ACCOUNTS ONLY AT HARYANA HEAD OFFICE IN RESPECT OF DELHI BRANCH ALSO.

NOW IF IT RECORDS THE DELHI PURCHASE IN ITS BOOKS WHETHER IT CAN CLAIM VAT INPUT ON DELHI PURCHASE TO SET OFF VAT OUTPUT IN RESPECT OF DELHI SALES.

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AT HARYANA, IT WILL BE A INTER-STATE PURCHASE NEEDING "C" FORM IRRESPECTIVE OF DELIVERY OF GOODS AT DELHI BRANCH.

PLEASE ANSWER THE QUERY IN ELABORATE MANNER. I

A Compnay have number of branch in India and also in Gujarat.Is it possibale that all mfg.& purchase will done by respective branch and sales will book in main book .i.e Head office book.

I would like to know whether an Automobile dealer engaged in sale & service of cars can issue C form for interstate purchase of "LIFT CRAINS" which is used for lifting vehicles from one bay to another during the process of servicing

Regards

Ravindra

What is the treatment of VAT by dealer in case of sales return to him? Is there any condition ( such as time period 6 months or so ) during which, sales return, if take place, will provide benefit of credit to the dealer. Could the dealer take benefit assuming he has deposited the amount of VAT on the due date,before the sales return take place.

We are dealing in Disposable Items.we Raising Invoice for example of Rs.1000/- against of the same Party make the Payment of Rs.900/-. it Means we have to pass Rs.100/- to Discount, Rate Differ. My Quary is against Rs.100/-, we are paying excess VAT to Government. Can we claim Credit on the same or Not ?
if Yes, then Pls provide me Rule or Circular No. for the same

Dear sir's,

Pls advice me this type of sale is cst or vat

Actually we raised the invoice in favour of Indore party (Madya Pradesh) we are From Hyderabad.But acually goods despatched to local(Hyd only)(it is their Branch) Now problem is they are asking to raise invoice as cst sale. so please advice what can we do?

Just to brief you, VAT on Tobacco & Tobacco products is 12.5% across India. Unmanufactured tobacco was always exempted from VAT being an agriculture produce. After the levy of VAT, some state have put it in exempted category like in Gujrat, Delhi & West Bengal, but some has not. I am not able to find out the rate of VAT leviable on unmanufactured tobacco in various state. Will appreciate, if you can compile a chart on the subject as per the enclosed format.
pls help

How is the system of VAT & CST works in case of Inter-state sales.
What is the basis and mode of levying and sharing tax revenues on sale?