Dear Sir i want to know about vat cattagery wise details

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.

MCD has handed over a contract to a company (hereinafter refered to as first company) for construction of automated multi level parking. The company has further contracted the work to another company (hereinafter refered to as second company)which is carrying out the construction work.

The company which is carrying out the construction work gets covered under the works contract service.

On bills raised by the second company, it charged VAT. The first company deducts works contract tax @ 2%.

Is the first company required to file DVAT return ?

Please reply as its urgent.

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

Sir/Madam,
A dealer has claimed refund for FY 2007-08 in his VAT Returns and also in the Vat Audit Report but failed to file the form 501 till date. the Department states the its time barred and even if it is filed online the system would reject it.
In this case what should be done? The claim is of around 5 lakhs.
Is there any representation made to the department for extending the time limit for FY 2007-08?

sir, i have given a annual maintenance of escaltors (lifts) to a well known company. The amount has to paid in advance. In annual maintenance contract the contractor will carry out repair and also change the parts. But the contractor will not charge anything more than that.
they have raised the bill as follows

AMC contract charges 2000000
service tax @ 10.30% 206000
Punjab Vat @ 13.75% 275000
Total Amount Charged 2481000

It leads to double taxation. Plz suggest me with any circular. It will greatly helps me.
Thanx in advance

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?

Suppose I am supplying goods in different states of India, do I need to take VAT numbers in the state in which I am supply the goods?

If yes, is it because of entry tax or something?

Please can someone provide me guidance on Multistate VAT/CST rules.