Praveer Ranjan
24 August 2007 at 14:51

Way Bill under sales tax

What is a way bill?


Dr Inish Roy
23 August 2007 at 12:48

Proposed Draft of UP VAT Act

In reference to the Proposed Draft of UP VAT Act,2007, I wish to know that after implementation of VAT in UP, the existing SDT will continue or not?
Thanks


lohithakshan u k
23 August 2007 at 10:12

workscontract tax

PL LET ME KNOW THE PROCEEDURE TO FOLLOW WHILE SETTLING THE BILL OF WORKS CONTRACT AS PER KERALA VAT ACT.IS THERE ANY CHANCE TO AVOID THE TDS LIKE PAYMENT. IF NOT WHAST ARE THE FORM TO BE USED FOR THIS


siddaramanna
22 August 2007 at 17:55

VAT refund

Dear Sir

Q1.We are a S/W Company 100% EOU, registered under STPI & VAT (Karnataka), whether company can claim refund of VAT paid on input items?
Q2.We are having Export sales only, in this case what will be the refund criteria.


lohithakshan u k
22 August 2007 at 16:50

WORK CONTRACT TAX

WE HAVE ENGAGED A CONTRACTOR FOR CONSTRUCTIION OF BUILDING. HE HAS DRAWN SOME ADVANCE FOR THIS WORK. IN ADDITION HE HAS SUBMITTED PART BILL ALONG WITH M BOOK AND GOT PAYMENT .I WOULD LIKE TO KNOW WHETHER WE ARE LIABLE TO COLLECT TAX (VAT) ON THE PAYMENTS MADE TO THEM JUST LIKE TDS OF INCOME TAX. I AM OF THE OPINION THAT CONTRACTOR IS TO CHARGE VAT /WC TAX ON FINAL BILL AND TO REMIT THE TAX. PL CLARIFY THE POSITION
AND THE FORMALITIES TO BE FOLLOWED WITH FORM DEETAILS.


apurva
21 August 2007 at 02:55

Purchase from Unregistered dealer

I have purchased stock as an individual capacity from bank as disposal of stock which are seized by them.Presently,I am working in firm as an employee which are engaged in trading of imported goods. Turnover of firm is below 1 Crocre.

I am not registered dealer under cst/vat. Now I want to know, can I sale these goods to my firm? Weather firm is liable to pay purchase tax(VAT), excise duty on these goods?

If yes, then firm is eligible to claim input tax credit of excise & purchase tax?

What are the tax implication for sale of these goods by firm?


apurva
18 August 2007 at 02:03

Vat credit of packing material

Can I take vat credit of packing material purchased against vat paid for trading activity?


Narayana

Sir How to Caluculate vat while a Building developer give a sub contracts to do works, can u give me a example.


lohithakshan u k
10 August 2007 at 03:03

CST ON INTERSTATE SALE

PL LET ME KNOW IF THE FINISHED PRODUCT IS TAX EXEMPT WHETHER WE CAN PURCHASE RAW MATERIALS FOR MANUFACTURING PURPOSE UNDER CST RATE. WE CAN SAVE 9.5% TAX IF WE PURCHASE THE ITEMS FROM OUTSIDE STATE. THAT IS WHY, THIS DOUBT. PL CLARIFY


madhusudan
10 August 2007 at 01:10

Goods purchased outside state

Data:
The rate of VAT of Paddy 4% (i.e raw material)
The rate of VAT of chuda -exempted (i.e.the final product)
C.S.T. NIL
State: Orissa

If a person purchases paddy from within the state then he has to pay VAT @ 4% and thereafter he sells the final product which is exempted from tax.

But what happen when the same person will purchase paddy from any neighbouring state, assuming that the rate of CST is 0%.
a)whether he will have to pay VAT on the purchase price if it is purchased from outside state. what are its pros & cons.






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