We are a delhi based firm and are making one software product for a company is Bihar.

So can any one help m how much tax will be imposed on this product.


Thanks,

Hi ,

I need to know , Vat / Sales tax for Mobile Accessories in Mumbai , Gujarat, Delhi there is lot confusion whether it is 4% or 12.5% or any rate is applicable .Please do advice.

While filing VAT return - TNVAT
in 3 months VAT return sales has been declared excess. - Reason bills where later changed aft filing of return and this was not informed as such annual TO as per AT return is excess by 1.50 lacs. Typographical error reason is not accepted by CTO as figures are in uts.

Respected sir/Madam

My query is

if i am purhcasing a flat in Shalimar Township in indore whethere there is Vat applicable on purchase of flat. and what is the rate of VAT

A Firm undertook a contract for supply of good in 2009. As per terms of esclation clause in contract the buyer had to pay extra for increse in price of material, labour to supplier. The whole goods under contract was supplied in 2009.The applicable rate of vat at the time of supply of good was 4%

The supplier raised bill for price variation in 2011 as per esclation clause of contract. The applicable rate of vat at the time of issue of price variation bill was 5%.

The contention of supplier is that whole goods were supplied in 2009 and p.v. bills are just of rate difference, hence only 4% rate should be applied on P.V. bills.

I would like to ask what rate of Vat should be charged on P.V. bills, either 4% or 5%

kindly advise stating relevant section of law.

Further kindly advise what will be answer in case of excise duty in same situation.

thanks
naresh sharma

Hello,

I have a furniture rental business. Basically, I have two models. I either buy furniture and then rent them out or I rent from manufactures and rent it out again.

Do I need to pay VAT on the service that I provide?

Dear,

I am starting new business of Redimate gurments, i want to registration for TIN no. and CST no pls tell me about process of registration and what chareges ?

I am dealer in Sim Cards and Recharge Coupons for a particular area of TATA Docomo. The Telecompany while billing of SIM Cards, they charge Sales Tax and for Recharge Coupons, they charge Service Tax. My doubt is whether I should also collect Sales Tax i.e., VAT on sale of SIM Cards and Service Tax on sale of Recharge Coupons. My auditor advised me not to collect any tax on sale of SIM or Recharge Coupons. Could anyone help me in this regard?

Dear Sir,

Even after paying VAT penalty u/s 29(8) of Maharashtra Value Added Tax for late payment and filing of return of VAT & CST,sales tax department has levied penalty u/s 9(2A) of CST Act 1956 of Rs.5000/-. Is this penalty was imposable on us even after paying VAT Penalty. Is there any legal process to avoid this penalty.

If the final products are transferred to another state as stock transfer or branch transfer, input credit will have TO BE REVERSED on PRO-RATA basis,which is in excess of 2%.In other words, in caseof goods sent on stock transfer/branch transfer out of state, 2% tax on inputs will become payable e.g.if tax paid on inputs is 12.5%,credit of 10.5% is available.
when CST is reduced to NIL, full credit of tax paid on inputs will be available i.e. inter state sales and stock transfers will be 'ZERO RATED' and 'not 'EXEMPT'.

I AM CONFUSE ABOUT THE LINE WRITTEN:-
"input credit will have TO BE REVERSED on PRO-RATA basis,which is in excess of 2%."
and again line written as :-
"In other words, in caseof goods sent on stock transfer/branch transfer out of state, 2% tax on inputs will become payable e.g.if tax paid on inputs is 12.5%,credit of 10.5% is available."

please any one can explain me??????

thanks in advance........
i am following V S DATEY (ca-final)
page no:814 26th edition..........