Dear Sir,
One of my client is running two businesses- a) transport sub contractor and 2) Wholesale distributor of telecommunication instruments. His total receipts from sub contracting during the year are approx 2 crores while those from telecom instruments trading is Rs. 7 Lacs Only. He is registered under MVAT Act, 2002 in respect of his trading business.
Gross receipts being more than Rs. 40 lacs he is liable to tax audit. But, since his receipts from taxable business under MVAT Act are less than the threshold limit; is he liable to audit under MVAT Act.(Total individual business receipts more than 40 Lacs)?
Please clarify.

Thanks in advance.

Sir,

I want to know what is Cenvat how it is calculated & on which commodity it is appicable?

Regards


Bhaskar

Dear Sir
Pl.Clarify me we are having Br.z in through out india in all states , what is the proceser for reg.of Professional tax and i require Professional Tax rates State wise. and which states are exempted from Professional tax. Pl. send me detailed information reg.above query
regds
suri

SIR

WHETHER VAT IS APPLICABELE ON PACKAING & FORWARDING CHARGES

STILL COMPANIES ARE CHARGING 3% CST CITING REASON THAT THEY HAVE NOT RECEIVED ANY COMMUNICATION EFFECTING THE ROLL OVER TO 2% CST. IN THIS, TN VAT COMMISSIONER ISSUED A CIRCULAR TO COLLECT 3% TILL THE RECIEPT OF NOTIFICATION.THEN MY QUESTION IS WHETHER WE CAN ISSUE C FORM ON FOR 3% BILLS AND ALSO IS THERE IS THERE ANY PROVISION TO COLLECT THE 1% EXCESS AMOUNT COLLECTED DURING THIS PERIOD, AFTER THE ISSUANCE OF NOTIFICATION. PLEASE LET ME KNOW THE DATE OF NOTIFICATION TO THIS EFFECT

Rate of Tax
Dear Sir/Madam,

Can any one please tell me the rate of Excise Duty and Karnataka VAT chargeable by a manufacturer under excise on Note Book / Desk Top Computer. Please provide the relevant Notification numbers also for supporting.

Thanks & Regards,

Venkat

we compute sales tax through Tally,
computation is done only when sales voucher type is in 'Sale' 'and 'purchase'

but problem is when we purchase capital goods it cannot be booked in purhase

we pass JV debiting nature of asset and crediting the party but doing this way input tax on capital goods will not be reflected in computation of tax

how to go about pl guide

thanks

regards

nagendra.s

please clear me Vat tax lible in job work done, we have given only fabric to Job worker and he used his material like thread,button,hook,pocketing,zip etc. so my question is that how many percentage of Vat he will add on their Job labour bill and what to do in my end(we are manufacture-Registered)

Dear all,

pl guide me whether there is entry tax rule in Andhra state

if yes, at what rate i should pay the entry tax on purchase of Earth moving machines.

thanks
nagendra.s

Dealer is registered for past years under Delhi VAT Act and got registration for CST Act in June 2007.
Dealer purchased good from Haryana CST charged @3 % in the bil provided C form has been issued by dealer to creditor with in stipulated time.Dealer not able to do so. Now creditor charged CST extra @ 1% i.e. 3 % paid earlier now 1 % in addition .

This 1% CST paid allowed as deduction U/s 28 to 43D to the dealer while calculating PGBP for AY 2008-09.If allowed under which section and if not then why??