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.

what is time duration for utilization of form 38 in uttar pradesh?

What will be the Entry if i Pay VAT on Purchase of Furniture.

For eg the Bill is as Follows:

Bill Amount 10,000
VAT @12.5% 1,250
Total 11,250

Reply ASAP

Is VAT applicable on semi stiched textile products (Saree/dress). I know that it is applicable on Ready made garments but not on Textile products.
2. Can retail shop selling both readymade garment & exempted textile product get full input VAT credit on purchases made commonly (like printng & stationery, designer material etcs)

It would be compulsory for doing Vat Reg.under Form 101 in name of XYZ( main Co.) where one of its new branch is dealing in Retail now ??
Plz Help ..

Hi,

my company is starting export of textile materiel from India. As we are talking the material from Supplier and sell to our overseas client.

so i have to give H form to my supplier. Please guide me is their any registration required with sales tax department or alos tell how can i file the H form online.


thanks Mayur

If i wrongly file Form 49 (Madhya Pradesh) and wrongly show the invoice details.
Instead of In form i issued out form,transporter wrongly mention the invoice details on it due to clerical mistake and at the check post,officer imposed penalty on us.There is any way for check post penalty waived,if yes kindly mention the case law.

Hi,

I am vat dealer and recently i have come across an item whose supplier is an unregistered dealer ? Firstly, can i make a purchase from such person?? Secondly, how shall i show in vat returns?? do i need to pay additional VAT ??

Hello,

A Proprietor has entered into Catering Services and Tiffin Services in Mumbai. It has a kitchen where it cooks lunch/dinner/snacks and packs the same in tiffins and supplies. Also, it undertakes Corporate Catering and Catering in marriages etc. Will this attract Service Tax and Maharashtra VAT?