1)Suppose i am an insurance company &
2)i am settling a claim on behalf of damaged Motor Vehicle whose historical cost is say 5 lakhs, and i am settling the claim at 2.5 lakhs, in excchange of that damaged car.
3)When i sale the damaged car i will realised only Rs 10000,what will be the cost of the vehicle for charging VAT, Is it 2.5Lakhs or RS 10000

Please help me?
Can a manufacturing concern adjust its CST liablity with input VAT Credit-Rajesthan

What is composition?under this method how VAT is leived? at what Rate?

Our company is executing mechanical works (mechanical works contract, like fabrication of dame gates) in all states in India. H.O. is registered in Andhra Pradesh and also registered other states also ware the work was allotted.

We have purchased the motors at HO in AP from AP/Other States against form ‘C’ with AP TIN.

Q1. The motors as it is sent to Maharashtra (other state) what is the VAT/CST liability in AP and Maharashtra
Q2. the motors fixed with Mechanical Hoist (fabricated some other manner) and sent to Maharashtra what is the VAT/CST liability in AP and Maharashtra
Q3. what about Form ’F’ and what documents will be produced to Commercial Tax Dept. where we will get the ‘F’ Forms and when we will get (i.e. Yearly of every transaction)

In the above cases without tax liability how can i send the material pl. suggest .

Thank you sir.
balu

Dear Sir, I would like to know If we bill the Software AMC (Annual maintenance contract) on the supply of basic software to our customers. Applilcability of VAT and CST. If the software maninteance is done (1)Only on telephonic support or (2)Customer onsite support with in the India.
Secondly any service tax is applicable on the maintenance of Softare billings. Thanks

one of my client dealing in interior design. Company mfg furniture in mumbai & then fixing & providing ( incl labour charges for fixing)in out of maharashtra at client place. when same doing in maharashtra then he charge the vat 8% under WCT. and what will be the vat tax rate for out of Maharashtra sale? now they charge CST @12.5%, is this right.
pls guide early.

sir
i just want to know that M.R.P.for any product include VAT or not
sir some days before i purchased a computer accessory.On product it is mentioned MRP price but vendor chaged vat on that MRP price
ishe right
thanks

sir
i just want to know that M.R.P.for any product include VAT or not
sir some days before i purchased a computer accessory.On product it is mentioned MRP price but vendor chaged vat on that MRP price
ishe right
thanks

Dear All,
Kindly confirm whether we can take input credit on following items for a Company in Karnataka engaged in manufacture of Industrial springs.For Details Below

1) Time attendance software for Workers
2) Angles & Flats purchased for Racks
3) M S Table
4) EPABX & telephones installed in factory
5) Trincular Stereo microscope
6) Grinding blocks for CNC grinder

Regards

I require vat rate (Maharashtra State)applicable in following items.
CATEGORIES
1) CLOCK
2) LANYARD
3) NEON SCLUPTURE (LIGHTS)
4 HIGHBALL SET (GLASSES)
5) DOF SET (GLASSES)
6) FLASK
7) LEATHER COSTER
8) HARDY LIPSTICK
9) TATTOO STICKERS
10)RINGS(STAINLESS STEEL)
11)WRISTBAND
12)HARDY PINS
13)CUFFS (STEEL)
14)DOGTAGS
15)WATCHES
16)BELTS (CANVAS,LEATHER)
17)SHOES (CANVAS)
18)SUNGLASES
19)KNIT TOPS (HOODYS INCL)
20)JACKETS (LEATHER AND DENIM)
21)CAPS
22)TROUSERS- CARGOS
23)DENIMS
24)KNIT BOTTMS( HAREM, 25)LEGGINGS,SHORTS,SKIRTS)
26)TOWELS
27)BAGS(LATHER AND WOVEN)
28)AIRFRESHNER
29)HANDSET
30)CEREMIC SHOT GLASSES