My client is a dealor of chemical and he was purchases a car in 2007 and he was paid vat @12.5% and not taken any input credit.

He has sold his car in 2009 and not charges any vat from party

Sales Tax authority say he will liable for paid Vat on sales of used car
it is clear cut double taxation.


Is he liable or not ?

SIR CAN YOU PLS TELL ME EXACT PROCEDURE FOR OBTAINING VAT TIN NUMBER UNDER MVAT ACT IN CASE OF DEALER IN MEDICINE. WHAT WILL BE THE TOTAL COST FOR REGISTRATION?

We are transferring stocks to our outside state depots (consignee agents) against form F .
Case :- We have transferred stocks on 29/04/2011 i.e. April (transfer date 29/04/2011), Our depot received the material on 05/05/2011 i.e. May. Now Depot has issued F form against this transfer in the month of may 2011.

Will it be acceptable for our state tax authorities ?

One of my client who is now form pvt limied co,
natue of business activity mfg of grey cloth no of director two both director already have ptec number
now my query is whether co is also require own ptec or not. In the name of company he take new vat number.

X, A DEALER OF DOGS, SELLS DOGS (AFTER BLEEDING OR BEFORE)FOR RS.10000. (HIS ANNUAL TURNOVER OF SALE OF THAT BUSINESS IS RS.1250000/-)

IS VAT APPLICABILITY ARISE IN THIS CASE.

IF RATE OF VAT @ 12.50 THEN CALCULATE THE VAT LIABILITY.

Dear all,



We have purchased a machineries from Tamil Nadu whos branch office @ pune in mumbai.Even Our Factory is also in Tamil Nadu,The seller in tamil nadu was driceted to head office to delverid a machinary to Consignee address.& billed a seller name. after the sale ,the main seller has made a invoice & mentioned Vat also.now kindly tell us which form to issue to seller.& how to account the transactions in the books of Purchaser.



(Harishnpc@gmail.com)

Dear Sir/Madam,

I would like to know whether a dealer engaged in undertaking works contract, paying tax at a composite rate of 5% under Mvat Act 2002 is allowed to claim full input credit on tempo purchased used for business purpose for transporting goods.The dealer has capitalized the said assets in its books.

DEAR EXPERTS


WE HAVE PURCHASE OMS GOODS IN 2008-2009 FROM RAIPUR.PARTY CHARGED 1%CST IN THE INVOICE

THE PARTY IS DEMANDING C-FORM NOW

I THINK CST WAS 2% FOR PURCHASE AGAINST C-FORM IN 2008-2009.

THEY CHARGED CST 1% SO WE THOUGHT THAT THE PURCHASE IS NOT AGAINST C-FORM.THERE IS NO NEED TO ISSUE C-FORM

WHO IS RIGHT PARTY OR I?

THANKING YOU

A company had given a supply order of 10 items to a party x. The value of 10 items is say rs 1000 i.e all inclusive. Now when the goods was in transit, 4 goods were damaged the value for which the buyer is going to lodge claim from insurance company. Supplier will be paid fully for 10 items since insurance is at buyer's end. Buyer had actually received 6 good items and therefore purchase was booked for 6 items but waybill and the supplier's invoice was for 10 items. My question is on which amount, the seller will issue "C" form.
a. on full value as mentioned in waybill/invoice

or

b. on the value of purchase of the goods actually received i.e value for 6 goods.

The entry made by the company
Insurance Receivable Dr 400
Purchase Dr 600
To X 1000

X A/c Dr. 1000
To Bank 1000

We are Manufacturer of PU Sheets,
At these time we are charging VAT @ 5%.
But some other dealer are charging VAT @ 12.5%. I want to confirm about these that in which schedule we covered.
What % of tax we should charge either 5% or 12.5%.
We are issuing invoice with description like "PU Sheet 35x72x100".
Please confirm about the tax rate.

Sunil Kumar
9811208195