hi Experts,

Kindly guide me what would be Penalty for late registration under Maharashtra VAT.?

Does a person require 2 separate registration for his 2 different proprietorship businesses??

And if only one is sufficient, then how will he submit the monthly/quarterly returns...separate return for each business or 2 different returns??

We are PQRS LTD. We have sold the material to xyz ltd Hydrabad the details is as below.Our dealer is ABC Ltd Ahmedabad and our consignee is XYZ Ltd Hydrabad.

In this case xyz ltd had issued form-c in favour of us(pqrs ltd).

My question is can we validate the same as our dealer (abc ltd ahmedabd) do not want e-1.

Kindly advise.

Hello everyone,

one of my client is a dealer of glass products. He has interstate as well as intrastate purchases and sales.

For transportation he is currently paying transporation charges. Now he is burying his own vehile for transportation.

MY question :

Can he claim Input Credit of MVAT paid on purhcase of vehicles and if yes how to take set off ?

waiting for the views of the experts.

hello experts, i want to make an e1 sale. in this transaction the manufacturer is in mumbai, i will be the trader in coimbatore and my buyer is in hyderabad. i have the flwg clarification :
1) in the invoice issued by manufacturer do i mentioned myself as buyer and hyderabad party as consignee?
2) what documents will the supplier (mumbai) send with the trucks?
3) is there any way in which my price of purchase (from mumbai party) will not be known to my buyer (hyderabad party?

your advise will be highly appreciated and also i am looking for a consultant for this matter.

rgds / sujay shroff

Hi,
I am trying to fill the annexure J1 of one of my clients who is a proprietor co. However when i try to validate the same it throws an error of invalid number in the line number 8 of the annexure saying that the same is invalid. However when i check the TIN number it is correct. Can any one suggest me what to do in the same case.

DEAR ALL

CAN ANY ONE UNDERSTAND ME THE TAXATION ON SALE OF REC(RENEWABLE ENERGY CERTIFICATES).

IS THIS LIABLE TO VAT/SALES TAX ?

IS THIS A COMMODITY/GOOD ?


THANKS & REGARDS
HKK

Sir,

CAN WE CLAIM VAT CREDIT ON CAPITAL GOODS LIKE COMPUTER, FURMITURE & FITTINGS, VEHICLES... ETC UNDER THE PROVISIONS OF KVAT RULES... OUR CLIENT IS A MOTOR VEHICLE RETAIL DEALER... PLS REPLY QUOTING THE RELEVANT APPLICABLE SECTIONS :-

Dear friends

can any one clarify assessable value tobe considered in case of interstate inter unit stock transfer.

1) we are registered under Central excise & sales tax as a manufacturer having same manufacturing units in different states like Delhi, Uttarakhand, jarkhand.

2) we are planning to transfer some of inputs (Bought out finish and semi processed inputs) to other units in different states.

3) we are following 110 per cent of the cost of production under rule 8 of the new Valuation Rules,for payment of excise duty and same is shown in our ER1 returns.

4) we are not charging cst as we can get the Form F for the interstate stock transfer.

My query is
A) whether the following calculation for invoice and for sales tax assessable value is correct ?
B) what is the value tobe shown in vat returns ? amount shown in e or f

a) basic price 1000.00
b) add: 10% (rule 8) 100.00
________
c) total 1100.00

d) Excise duty 12.36% 136.00
________
e) total Inv value( a+d) 1136.00
_________
f) Ass Value for ST
Purpose (a+b+d) 1236.00
---------
thanks in advance
ramkumsr ms

Sir,
i have newly register Maharashtra VAT number w.e.f.30/03/2013, number got on 7/5/2013. what is my 1st MVAT return period ("4th Qrt 2012-13" or "1st Qrt 2013-14")
Please suggest me.