Dear Sir,
penalty of Rs.50000/ imposed u/s 59(2) notice under Dvat Act, assessee filed appeal before joint commissioner of Dvat, please guide how to drop it and what papers to be enclose with this at the time of hearing
thanks & regards
K D Sharma
Mob-9810752318
Email kds70@yahoo.com

Hi all,

In my question, I would like to know about accounting treatment for an expense where VAT is paid in advance and the expense is payable on a recurring basis. i will explain the scenario,-

my office rent payable for the year is 36000+1800 VAT =37800, we have to pay rent in 3 payments of 12000. as the first payment we paid 13800(12000 1st payment + 1800 total VAT ), now I want to claim this VAT with the current quarterly payment ( January to March), but 2nd payment will become due on April and third payment will become due on August.

I am using TALLY, I have to post the full amount of rent to claim this full amount of VAT, but the full amount of 36000 will show in my January expense. i want to treat this expense as recurring basis, and I want to claim VAT in current period. how is it possible ? what are the journal entries

We have received courtesy letter and order from Vat Department for the Financial Year 2008, 2009, 2010. We replied them by writing email and post and also physical visited to the department 3, 4 times. We have already paid all due as per order and we have been send copy of challan to the department, because of the challan not updated in their record we are getting outstanding tax liability order from them. is there any option to clear all this ? can we clear this by amnesty scheme form with uploading documents ??

CST RETURN FOR THE PERIOD APR 17 - JUN 17 WAS FILLED MENTIONING CST AMOUNT RS 8000/- (2% LEVIED AGAINST C FORM SALES) AND LATE FEE RS 5000/- PAYABLE.

AS ON TODAY TAX + LATE FEE + INTEREST OF RS 10000/- SO TOTAL RS 23000/-. NOW THERE IS NO CHANCE OF GETTING C FORM

AS PER AMNESTY SCHEME 2022 IF DUES IS BELOW RS 10 LACS DEALER CAN PAY 20% OF TOTAL DUES AND REMAINING 80% WILL BE WAIVED.

OUR QUESTION IS - IN THE SCHEME IT IS MENTIONED AGAINST STATUTORY ORDER WHILE OUR DUES IN RETURN DUES. FURTHER SINCE C FORM IS NOT POSSIBLE TO OBTAIN THEN TAX AMOUNT OF RS 8000/- IS DISPUTED OR UNDISPUTED TAX.

KINDLY ADVISE

whether tax paid by subcontractor under composition scheme can be availed as deduction under this rule8(5)(c)

Dear experts

My query is that Sale of Used Machine/Mould/Die was valid or not against C Form under CST Act.

Kindly provide the any judgment/assesment order in regards of allowing the used machine sale against C form

Thanks

Sir in 2016-17 my company had purchased a car and sold its old car to the agency from new car purchased. We had booked total amount including vat as value of car in fixed assets. Now assessing officer of Chandigarh is saying we have to pay the vat on sale of vehicle as they consider it as scrap sale? Is it right?

Please help its urgent

1. Is sole proprietorship a transferable entity in VAT ?
2. Can TIN no. of a person be transferred to another person in sole proprietorship transfer in VAT or new TIN no. needs to be applied for ?
3. What is the procedure of sole proprietorship transfer in VAT ?
4. What is VAT amendment rules for transfer of Sole proprietorship transfer ?

Can someone please provide ca final Indirect tax 2017 modules. I require it for better understanding of GST.
I shall be highly thankful to you.

Hon'ble Members,
Under Amnesty Scheme 2022, I want to make payment against MVAT raised in Assessment order to the tune of Tax 3 Lakhs & interest 3Lakhs totaling to 6Lakh, in lumpsum option after waiver amount payable is shown in utility as 1.20 Lakhs (i.e. 20% on total arrears). Under Amnesty payment how should i disclose it 20% on 3Lakhs tax & interest separately or only under tax option. Please reply its confusing.