We are a private limited company .company is in pre construction phase so not started yet taxable activities .We have applied for voluntary registration under MVAT act .Can Set off available on following expenses debited to P&L account for pre registration period :
Repair & Maint Exp.
Office Maint Exp
Printing & Stationary
addition to above Vat paid on Laptop and Furniture fixture
Set off will available or not

Dear sir,
Please note that we have applied for rectification application for the year 2006-07,2007-08 and 2009-10 in the month of September 2014. Till date we have not recd any further notice from the sales tax department Mumbai. I want to know when will they serve further notice.
Please advice.
Prakash Menon
Accounts Office officer

Dear Sir,
I purchase some fixed assets for set up my new business. The seller refused to give me the tax invoice because of I am the customer not trader for him. Can I take Input Tax Credit on those purchase. Please suggest me what is the correct process to follow on this case.


Thank You.

Dear Experts where can i get the full info. regarding tax audit form 704

Hello All,
I have a query regarding taxability on goods taken from gujarat to other state by road.

The goods are supposed to be taken from gujarat to other state for the purpose of personal use

thank you so much for your support

hello,
I am facing problem in filling MVAT Audit Report 704.
the case is as follow:
Sales made in the month of March 2014 Rs. 1.83 crores which (same invoice)Return in the month of June 2014 (i.e. within 6 month) and the total sales of FY 2014-15 is 83 lakh (i.e.Less than Sales Return).how to give impact of same in VAT Audit report 704.
I tried recording this case in form 704 but it is showing Error that sales return can't be more than sales.

Can any one please tell me how can I Solve this issue.?? or any other option regarding this case.??

IS REXINE IS VATABLE ?
IF YES AT WHAT RATE

As per sales definition of MVAT Act, sales price includes deposit received from customers if not refunded within six months.
Nature of business for a company is that it trades in LPG sectors. It imports LPG and fills them in cylinders after LPG is brought at filling plants through its terminals.
When customer comes for LPG then a deposit equal to cost of cylinder is asked for per cylinder which is accounted for as deposit received from customer by assigning special GL indicator in SAP.
When cylinder is returned to company by customer after its closure of business with company then security deposit received is refunded. It may take 1 month, 2 months or even years i.e. its uncertain that when deposit will be refunded.
Now, as per definition of sales price department of sale tax of maharastra has asked for VAT to be paid on cylinder deposit received from customers.
1. As deposit is not revenue for company, is it compulsory for company to pay VAT on deposit as per definition of sales price?
2. Is there any decided case law in this respect either against assessee or revenue?

I got tin no in August 2014, but no transaction made up to till date, e return also not made, it can possible to made nil return for past period, plz give full details

One of my client is registered under works contract in MVAT and ST with 60% material and 40% service tax. i just want to know wheather he is under composition scheme or not.

If he is under composition scheme then how much set-off will be applicable to his for the purchase of materials.

Please revert back as soon as poosible.(on urgent basis).

thanku in advance.