We are providing DG set on rent to banks, LIC, Etc. we have paid service tax on rental income. But vat tax Dept. in MP is asking us to pay vat tax on rental income that they call Deemed Sale . This case was Year 11-12. Since than we are regularly paying service tax on rental Income now if we going to pay sale tax on rental income of year 11-12. Does Is it possible us to claim our service tax back. & same Amount we can pay to vat tax.

Dear Experts,

What are the registration formalities to be followed for a start up (a proprietary concern)? If the firm is starting a trading activity, what are the registrations that are required to be made? VAT , Excise etc? Kindly help. Urgent

A is manufacturer in Karnataka
B is dealer of A in Nashik, Maharashtra
C is subdealer os A in Mumbai, Maharashtra

A is sending his goods to C directly but billing is done on B with 2%CST against C Form.
Now B have to raise bill on C. Should he charge VAT @ 12.5%? or he can demand E-1 from A and issue E-II to C so that double taxation cant be done?

I have registered in State VAT now want to purchase from another state seller asking for C form, can i buy from without C form or if with C form how to get it

Dear Sir,

Can we get the C forms for the F.Y. 2012-13, if the central purchases against C Forms are not shown in the returns. Plz. suggest.

Sir/Madam,
I have started uploading Regular Return Annexure from Aug. 2014. My question is I did't uploaded Return Annexure for Apr to July 14. I got 1 Customer's Statement for Cross match of VAT amount of Apr 14 in J1. I want to know what is the procedure for this and whether I have to submit only Annexures or VAT Reutrn also.

Dear all,

In a trading company if we purchase goods on local under vat 14.5% and sale same goods on outstation against C form. In this case we are eligible to take input tax or not?

please explain this.

Thanks in advance

Hi Expert,

In a company expenses are incurred for additional floors on top of the present structure.

The completion would take nearly 3 years.

Amounts are paid to contractors run into several lakhs as on 31.03.2015

In FA Register there is a group "Construction -WIP".

My question is
1) How to present the expenditure incurred until now in the Balance Sheet?

2) Can depreciation be claimed on the above expenditure?

3) WCT paid during the FY 2014-15 should be recorded in the books or should be deferred till the completion of the construction.

thanks.

what if vat depts website in know your tin is showing vat number cancelled. Does it mean that for vat purpose i have to apply again and my old tin is no more mine. Can now i register vat again without any proceedings of previous tin no.

Hi Experts i hve a quire about S.Tax & Vat Calculation also how to pass Entry in tally

Basic Amt. 200000
S.tax 14% 28000
VAt 5% 11400

Total Amt. 239400

Kindly let me know how to pass entry in tally
for filing of Sale Tax & S. Tax Return