We have adopted works contract option in one of our scheme. We are required to pay VAT @ 0.60%.How ever we have not collected VAT from Customer.. Shall I calculate vat on the amount collected directly(i.e. X * 0.60%). or through reverse calculation (i.e. X * 0.60/100.60)?? Here X = amount collected from customer..

Awaiting your valuable response..

(maharashtra vat) father having vat tin no.expired on 31-05-2012,full transfer of business is made from 01-06-2012,old vat tin no. cancelled upto 31-05-2012,new vat tin no.received w.e.f.23-07-2012.
new vat tin no. frequency shows to file vat return quarterly.
from which date party is liable to file vat return up to 30-09-2012
will he liable for late fee (penalty)rs.5000
for any period.(01-06-2012 to 30-06-2012)
plz help me urgently

Hello

I have booked a flat in bangalore. The total amount of the flat comes 45.8(basic cost 40+ car parking - 2, other charges(elec,water etc) - 3.8)
Now builder is asking the vat+ service tax as follows
service tax - 4.8*total cost(45.8)
vat - 5*total cost

Is it correct? he told me that it is according to composit scheme. Also should he charge vat+st on elec+water charges..

Thanks
Amit

We had bought a home at Miraroad 2 years back.. now the builder is asking us to pay VAT...
Is there any VAT applicable for House??????
at what rate??????

Dear ,
Please help me out,

please let me know what is the last date for form 23 submission ?
it generally extends?
what are the requirements for submission that form?

please reply asap

Kamal Kumar
9811939872

When is a retail trader of general items liable to get himself register for VAT and when is he liable to file a VAT Return?

Also can anyone let me know about the concept of Composite scheme of VAT in plain english (i.e. not in Act's language)

Hi

We are in to business of buying old condemned Teak and Rosewood furnitures , old door sets , brass utensils etc from freelance brokers , directly from owners/users , villages etc. Then we restore it and then sell it in a showroom. In this case the persons from whom we purchase are just home users and village persons where there is no tax knowledge. In my scenario what kind of Tax is there for me .

Also will these old brass items and artistical doors come under Antiques Or handicrafts etc ?

Maha

Some of the C from received from the customers has been lost.
so now any one can tell me what is the option available with us?

hi...
My sir has given me a task to vouch luxury tax can anyone plz tell me how do i do it?? it's of rooms in a hotel in delhi. Plz answer asap..
thanks..in adv

hi,
i wanted to know tat...what % of Vat applicable on nutritional supplements.
eg. supplement uses by body builder for muscle growth. My friend having a shop of nutritional supplements and he ask me about the rate....
i search google but didnot get it..
PLZ HELP ME......URGENT