if UP VAT has specified any form of audit report etc. for the VAT audit

Sir,
Whether OMS purchase of capital asset is to be considered for calculating the limit of turnover of purchase for VAT audit. The Sale turnover is less than 40 lakhs. However the turnover of purchase is more than Rs 40 lakhs due to purchase of OMS capital asset (excavator). Please give your valuable opinion.

Kind Regards
Uday Bathia

I would like to know whether "Electrification of assembly hall" is a taxable transaction under MVAT. Would it be considered to be a works contract? Sale of electricity is not considered to be a sale under CST ? Is there any similar provision in case of VAT ? PL reply urgently.

Whether payment of lease rent for leased assets comes under the definition of purchase under VAT

dear sir\madam

please tell me whether a company established under the shops and establishment act is required to pay profession tax yearly.

and if so then
1) under which form
2) whether separate registration is required as the company is paying the p.t of employees monthly basis.
3) what are the consequences of non payment of P.T
4) any due date is there for payment of P.T

A Partnership Construction Firm transfers their Concride Mixer Machine to their Partner at the time of Desolution.
What will be the VAT Liability of Firm on Sale of Machinery ?

Respected All,
Happy New Year
I have a query regarding How vat is implemented on Color Labs.We at color Labs purchase vat paid paper and chemical from same state. sfter procesing we sell photographs.Please explain by a example how vat is calculated and how entries should be entered in books.if explain about service tax on color labs.I shall be very thankfull to you.please give answer by a example.
Once Again
Happy New Year

hi

please tell the form in which the quarterly C\D forms to be submitted to the department and the due date of the submission .

thanks

In case of a proprietorship concern suppose there are two concerns AB and CD but the proprietor is same. Vat number is alloted in the name of AB.
Can CD also use this number?

If yes please tell me the relevant extracts?

A factory is producing some excisable goods. It is billing in two manners a) for customers availing modvat credit and b) for customers not availing modvat credit.
'A' 'B'
Basic price 10000 10000
Excise duty @ 16% 1600 1600
E. cess & SHED @ 3% 48 48
_______ _______
Sub Total 11648 11648
VAT @ 4% 466 402
_______ _______
Total 12114 12050
Less :- Cenvat 1600
_______ _______
Net payable 12114 10450

In situation 'A' - VAT is charged on total of Basic price & BED whereas in situation 'B' VAT is charged on Basic price & E.cess as the entire duty has been refunded to the customer. Whether the treatment is correct ?