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?

If a hyderabad party has purchased material from Karnata & supplied in the karanataka state only for Job work.
Whether the CST or Vat applicable to the Hyderabad Party?

I RECENTLY GOT A NEW CLIENT - A MEDICINE CUM GENERAL RETAILER. HE IS UNDER COMPOSITION
MY QUERY IS REGARDING HOW TO PAY TAX
EG: TOTAL SALES 7 LAKHS (2 LAKHS GENERAL SALES)
TOTAL PURCHASES 6 LAKHS (1.5 LAKHS GENERAL PURCHASES)

WAT WOULD BE THE TAX RATE & WOULD MEDICINE SALES BE EXEMPT. HOW DO I SHOWN IN VAT RETURNS?

We have two projects in India in different places, and we want to transfer our one project's Assets which almost '0' value in the books of Accounts to another project.

Please clarify the tax / Account / Documentation for the same transfer.

Sir,
Our's is a Customised Software Development Company, Till date we are paying Gujarat VAT @4% plus 1%. Now Central Govt Charged 12.36% Service Tax on Customised Software Development Company (Ref : Notification no. 18/2008 - Service Tax w.e.f. 16th May, 2008

Now what we do Either we pay VAT or Service Tax?

And if both are applicable then how can our customer take reimbursement of Tax and on which?

It is unsolved question and no body is clear in this matter. Hope you will guide us correctly.

Thanks

Pradeep P.

Once a trader gets himself registered then what are the implications, i mean what are the rules which one has to comply with in its trade practice.

kindly clarify

Now in most of the states VAT is applicable.What are the provisions ragarding filing of returns.Whether only VAT returns are sufficient or sales tax returns are also to be submitted.