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

India Have 28 States & 7 Union Territores, I want to know that what is the Procedure of each State for Way Bill (Road Permit Challan) Requirement. Suppose any Company Registered in Haryana VAT ACT. So as per Haryana VAT ACT 2003, if Company received Material from Outside Haryana and material cost is more than 25000/- than VAT-D-3(ST-38-Inward)Road Permit Challan required. Same case appllicable if Company material send to Outside the Distt. & State and Material value is more than 25000/- than VAT-D3 (ST-38 Outward) Form required. Without VAT-D3 Challan the company can not movement of goods as per conditions. So What is the form/challan required in other states & UT for movement of goods from one state to another state.

Dear All,

As you know as per Budget 2008-09, CST rate is 2% since 1st April 2008. But till time no notification is coming from Sales tax department. Then what we have to charged 3% or 2%.

Please give solution asap.

Thanks & Regards

CA. B.K.BANSAL

Sir,

I have filed revised returns of MVAT & CST for 12 months.

Instead of filing the returns in Sales tax department I have filed the same in Bank by paying Rs. 10/= for each month & for each return.

I want to know whether this is accepted by dept. or again I have to file the returns in Sales tax dept. seprately.

Please reply me immediately.

Sudheer Sarvate

WHAT IS THE FBT? WHAT % IS APPLIED FOR UNDER FBT EXPENSES?

Dear All ,

My query is about Delhi Vat, If we received samples from Foreign country as free of cost sample with no commercial value & same we distribute agains as sample in India. Then is it taxable under Vat or not. If taxable where it is mentioned in VAT.

Deepak Maheshwari
+91-9891006006

we are share broking firm NSE/BSE registered. we are selling fixed assets to a company registered in kolkata which is also engaged in share broking and provision of other financial services, at book value. we are not vat /cst registered entity. this is not our nature of business. should we charge vat or cst.

RESPECTED MEMBERS,

PLEASE PROVIDE US THE IDEA BEHIND THAT SOME PARTIES ARE CHARGING VAT ON FREIGHT WHILE SOME ARE CHARGING VAT ON BILL AMOUNT ONLY & FREIGHT CONSIDER SEPARATELY.

IS THERE SOME VAT OR EXCISE LAW OR RULES WHICH WILL BE LEVIABLE ON SOME PARTIES TO CHARGE VAT ON FREIGHT.

PLEASE RESOLVE THIS QUERY AS SOON AS POSSIBLE.

REGARDS

PRABHAKAR

my question is when i purchase taxable goods from gujarat on which vat is collected from me on purchase bill (tax invoice) and i do process on such goods and when i am seeling it such finished goods becomes tax free and i cant collect tax on it , what should i do ?

Accounting treatment of vat on capital goods. hoe much set off we can avail on capital goods?