If an Employee buys the Car as per the company lease and Company paid the entire amount through cheque including taxes, VAT etc which was being deducted from the Employee salary on a monthly basis and spreaded across three years.
If the Employee wishes to leave the Company in the same financial year and the Car has to be transferred to the Employee name, could you please confirm if the Employee need to pay the VAT (or any other tax) again and if yes, on what amount?
What are the conditions for vat refund in case of exporters ?
I want to know about all tax benefits in Goa, Daman & Diu for a Polymer (Plastics) Company
Does the Jharkhand Vat act allows deduction against Works Contract on account of Exps against Labour, Transportation, Gross Profit.
What is the due date of Filing of audit report under Jharkhand vat Act.If not filed what will be the consequences,
Suppose a company (A Ltd.) which is a service oriented company gives a contract to a contractor (B Ltd.) for interior work of a newly acquired premises. Total contract value is 1.5 crores. The contractor charges 12.5% on 80% of the contract value and service tax on 20% of the value. Company (A Ltd.) deducts TDS on contract under income tax act. Do company (A Ltd.) needs to deduct TDS under section 31 of MVAT, 2005 on payment made to contractor (B Ltd.). If yes, then on what amount it needs to deduct TDS under MVAT.
Is there is any mandatory condition for the traders to keep their GP ratio as prescribed by Sales Tax authorities(if Any)under KVAT ?
Can a Trader Sell his product below the purchase price? or is it necessary for him to keep a particular Value addition at the stage where he operates ?
A supplier received central sales tax declaration form "C" from his customer after nearly six years. The reason for delay in issuing the form was due to suspension of factory activities on account of labour problems. During this period the supplier had completed his sales tax assessment by paying the difference tax for non-recipt of "C" form. Now that the form has been received, is there any way for refund or for adjustment of the difference tax paid? Is there any time limit? If so what is the maximum time allowed? I request our valued experts and esteemed club members to advise. - Vishvesh
please let me know whether vat is applicable on sale of second hand car in assam.
if seller has not cahrged vat, whether it is to be deposited by purchaser later on.
please let me know whether vat is applicable on sale of second hand car in assam.
if seller has not cahrged vat, whether it is to be deposited by purchaser later on.
Please give me the List on which VAT Credit can be Availed
VAT on used Cars