Dear All,
I have little confusion with Form T2 requirement. our Firm is in Delhi Vasant kunj and I need to send some material from Najafgarh, Delhi. Now as the sale Within the state/Local sale, do I need form T2 for the same.
please provide your guidance.
Regards,
Kapil Kumar
what is the crieteria for the liability of Vat? when vat registration should have to be taken?
Sir,
Kindly share the introducer letter fromat for TNVAT TIN Registration ..
RESPECTED ALL,
IS VAT/CST IS LEVIED ON SALE OF SECOND HAND MACHINERY WITHOUT ANY VALUE ADDITION. FOR EX. A FIRM PURCHASES A MACHINE ON 01.04.2010 AND SALES IT AFTER USING IT FOR 5 YEARS ON 01.04.2015 AT A VALUE WHICH IS APPROX OF WDV LEFT AS PER INCOME TAX ACT. MY Q. IS SHOULD I CHARGE VAT/CST ON SUCH SALE IN BILL? PLEASE ADVICE,IF YES THEN THERE IS NO VALUE ADDITION TO MACHINE,WE ARE JUST SELLING IT AFTER USING FOR 5 YEARS,KINDLY ADVICE.
vat is collected by the state govt. is ITc(input tax credit) is also refunded by the state govt.or central govt. because ITC is deducted by the buyer while purchase.. if he purchased from gujrat or imported taxable goods.. so what will be the procedure.. please let me know..
Thanx in advance..
Regards..
-Ir@m
dear expert,
kindly resolve
we have taken AMC for UPS-The company is charging 5% vat on 60,000/- i.e 3000/- of AMC and Service tax @ 14 % on 70% basic of 60,000/- please explian how he will charge both vat& service tax on AMC
Ramana Rao Poruri
I went to Minerva hotel today... Had a plate idli...value of idli rs.54/- service tax @5.6% amounting to rs.3.02/- and VAT @14.50% amounting to rs. 8.27/-, round off rs. -0.29 totaling to rs. 65.00.
According to me VAT should be calculated on value of Idli and not on service tax. Please help me with this whether I'm correct or not. And if I'm correct where should I lodge a complaint for calculating tax on tax.
I went to Minerva hotel today... Had a plate idli...value of idli rs.54/- service tax @5.6% amounting to rs.3.02/- and VAT @14.50% amounting to rs. 8.27/-, round off rs. -0.29 totaling to rs. 65.00/-. According to me VAT should be calculated on the value of Idli and not on service tax. Please help me with this whether I'm correct or not. And if I'm correct where should I lodge a complaint for calculating tax on tax.
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Requirement of form t2