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 ?

sir,
kindly answer my following qureies realeated to the UPVAT Act.
1. are the chalan/transfer memo is erased for the every transaction even through TAX/SALES Invoices, Bill/Cashmemo/ Purchase Invoices.
2. Can we charged VAT from Purchaser seperatly in ever Invoices i.e. TAX/SALES Invoices, Bill/Cashmemo under the UPVAT Act.
3. I have purchased footwear ( tax@ 12.5% from unregistred dealer of Rs. 100000.
Now I Sold the same of Rs. 120000.
I paid the tax on purchase from U/R dealer of Rs. 12500. and VAT on sale is Rs. 15000.
So the As per Sec 15(1)
NET TAX PAYABLE=GTP-AITC
GTP (Gross TAX Payable)is Tax Payable on purchase from U/R dealer PLUS VAT on sale is Rs. 15000 i.e. 27500=00
Addmissle ITC for the periodis 12500=00
NET TAX PAYABLE=27500-12500=15000=00
My submmission is that IS IT A DOUBLE TAXATION? YES OR NO and Why?

sir,
kindly answer my following qureies realeated to the UPVAT Act.
1. are the chalan/transfer memo is erased for the every transaction even through TAX/SALES Invoices, Bill/Cashmemo/ Purchase Invoices.
2. Can we charged VAT from Purchaser seperatly in ever Invoices i.e. TAX/SALES Invoices, Bill/Cashmemo under the UPVAT Act.
3. I have purchased footwear ( tax@ 12.5% from unregistred dealer of Rs. 100000.
Now I Sold the same of Rs. 120000.
I paid the tax on purchase from U/R dealer of Rs. 12500. and VAT on sale is Rs. 15000.
So the As per Sec 15(1)
NET TAX PAYABLE=GTP-AITC
GTP (Gross TAX Payable)is Tax Payable on purchase from U/R dealer PLUS VAT on sale is Rs. 15000 i.e. 27500=00
Addmissle ITC for the periodis 12500=00
NET TAX PAYABLE=27500-12500=15000=00
My submmission is that IS IT A DOUBLE TAXATION? YES OR NO and Why?

I have a small query if a person is selling goods free of cost(i.e he is raising the bill with full amount and then showing the discount of same amount at the end of the bill,thereby charging nothing from the customer)will he be chargeable to VAT under Punjab VAT act 2005 on such goods?And what are the applicable sections in this regard?

Note-The goods sold above are not covered with in the defination of tax free goods.

what is input service and capital goods under VAT and what is there relevance. does there is any law which specifically deals with these.
plz help me out

What is the rate of tax on sale of second hand vehicle with in the state & what is the rate of tax when sold to out of Maharastra?

Please clarify!

Thanks a lot if anyone replies