The assessee had purchased taxable goods @ 12.5% in the year 2006 and input tax was claimed. But, due to no demand of goods, it was lying in stock and after 4 years in the year 2010-11, it was returned to the supplier. Whether input tax claimed earlier has to be reversed in the year 2010-11 and also clarify at which rate it has to be reversed. (Debit note raised to10,20,100/-). under karnataka vat act.

Pls. let me know the basic difference between a sale invoice & vat invoice.

wat is work contract tax?
who wil charge tax if there is a company & a contractor?
wat is the % of tax?
wat is the last date of filling d return & paying of tax in haryana state?

Dear All,

We are dealing as a dealer between Manufacturers and end users. It is a Pvt. Ltd. company.

We are purchasing and selling UPS, Batteries and Inverters. For that we are getting Input VAT as well as Out VAT.

1.Apart from that we purchase some times scrap batteries from our customers and resale those scrap batteries to our suppliers. When we are purchasing scrap batteries they are not giving any invoice and VAT Input.

How do we have to pass entry for that when we are selling those scrap batteries?
Should we consider VAT for this transactions.

2. When we are getting Employee ID cards and Business card, our suppliers charging VAT on those transactions.

How do we have to pass entry for that? Can we get VAT input for that by showing as purchase or do we have to show all that amount as indirect expenses. can we show as an asset?


Please clarify my doubts.

Thanking you all.

Dear Experts,

I have imported some hardware for supplying to a client.
This hardware needs some software customization & installation which I am providing.
My office is located in Bangalore and client is located in Hyderabad.
What Taxes should I charge to the client:
VAT or Service Tax?

we award a main contractor on turn key basis and main contractor award some work out of this to other contractor in haryana, please advise there is need to deduct the wct of sub contractor through the main contractor, what is the rate of wct, and notification pertain to this

Dear All,

plz give me the full data of WORK Contracts
Tax applicability details.


Thanks

Sir

Can you tell me who is responsible for payment of VAT when the goods are received by the consignment agent form another state and whether consignment agent is require to make bill in his name in consignment agent business.

Please explain

Thanks and Regards
Pravin Sharma

Is there is any provsion where CST is charged on Hiring Charges??????

Sir,
i have filed vat (karnataka) returns on 19.07.2011 and put the same date in cheque also. but i failed to submit the cheque on 20.07.2011. but today (21.07.2011)when i went to submit the cheque, the officer asking me to pay both 10% interest & 1.25% interst.
earlier many times i hv filed on 20th and submitted cheque on 21st. bt nw they are asking interest.
pls suggest wt to do

thanks in advance