First let me apologize for wrong area of posting, because am not sure whether it should be posted in this section or in accounting section....

One of my client paid sales tax for the year 2005-2006 in 2007-2008... how do i account the same...

he paid entire tax as on that date... but when assessment was finished, it found that there was of shortage of Rs 3000/- to be payable...
a)how do i pass an entry... for that....
b)in case of refundable how do i account the same
c)if it is income tax does your answer differ

its urgent please reply asap

Thanks in advance!!!

Dear All,

Can you please guide me that is Sales Tax also covered under the notification of epayment of all corporate taxes from 1st april 2008 for all corporate houses?

Regards

Deepak Maheshwari
+91-9891006006

Hi,

I am a supplier of raw materials if i lost the c-form ( issued from customer )what are procedures i have to follow. C-form issued for Rs.30000000/- valuable goods.

C.k.chamy

i had recd order from buyer rs.100rate + rs.10 transportation charges.total rs.110/-
I prepare tax invoice, showing invoice value rs.100 + 4% mvat + 10 transportation. total rs.114. whether mvat is to be levied on transportation also.
In case i prepare separate debit note for transportation charges, whether tds will be deducted by the company on transportation, if so, rate of tds.
which method to follow?

One of our clients situated in Maharashtra, supply the softwares to its customers and then undertake the consultancy for installing and maintaining the software. These transactions are in isolation. The softwares are in the form of resale. They make the software available on its website which is obtained from their overseas supplier. For supply of software they charge VAT and consultancy they charge Service tax as applicable.
The query is when the client supplies software to its customers who are situated outside Maharashtra,whether they should charge CST or VAT? There is no movement of goods from Maharashtra to any other state. The software is supplied electronically.

Hi,
Friends & Respected Experts,

If anyone purchases inventory without paying VAT or from an unregisterd seller or distributor and sells the same at 4% or 12.5% VAT.

So how to show the same in accounts?
As 4%or12.5% VAT Purchase or 0% Vat Purchase?

Please do the needful help or advise about the same.

Who is required for vat audit in gujrat.

Respected sir,
This query is regarding the Maharashtra Profession Tax.
1) my firm is registerd in gandhidham & i am paying the Profession tax of Partner from Mumbai profession tax no. is it correct or not??? if not what it should be like.

2) Is the same partners are getting salary from the company, is it allowable as salary or remuneration & i have to deduct profession tax again from the partner's salary.

Regards

Sir
mine is the limited co. and we have manufacturing unit. sir we have one administrative office and one registered office. sir we purchase many fixed assets for administrative office so the vat paid on it can be taken as input credit

whether under maharashtra vat act, vat is to be paid on goods destroyed by fire on claim received from insurance company. ca. sanjay jaju.