In form 501(form for vat refund)
we can claim vat refund for the period starting from 01/04/06 & not prior to it.
But ABC Co has vat refund of Rs.17000/- in 2005-06 & this refund is brought forward & adjusted with VAT LIABILITY of 2006-07 & VAT Refund of 2006-07 is brought forward & adjusted with VAT LIABILITY of 2007-08. In 2007-08 there is VAT REFUND of 130000/- after adjusting refunds from 2005-06. So how one can claim refund in Form 501 as it mentions condition of period to be started from 01-04-2006.
Kindly help to solve the query.

Dear All,

Please take a note that, we are engaged in Software development.

Recently we have purchased computer(PC) and install addition software in that machine

Now we want to sale this item to client.

Further note that, we have services tax no. and VAT not applicable to us.

I request you to please suggestion, which type of tax applicable to us.

A waiting for your reply.

Your co-operation will be highly appreciated

Regards
Rajnish

The company pays lumpsum amount as subsidy to canteen contractor.Plz suggest on following issue that Whether Subsidy is liable for vat:

1) Assessee is running canteen in factory premises U/S 46 of factory act

2) it provides canteen facilities to employees only at susidized rate. Company deducts Rs.100/- p.m. per employee for such facility.

3) along with regular contract payment, the company pays lumpsum amount to caterer based on increase in Consumer Price Index. the caterer issues bill recovering service tax on the said amount.


Reference:
1. Tisco General Office reacreation club
126 STC 547
2. M/s Bayer India Ltd. DDQ No. DDQ-
11/2001/Adm-5/73/B-1 dated 9-10-2004

Kindly guide us the treatment of VAT on opening & closing Stocks in DVAT 16 through example.

Sir,
I would like to know whether input vat credit is available on goods purchased specifically for the purpose of gift. For eg. gold coins purchased to give diwali gifts to clients and staff.

thanking you,

Respected Experts,

Can any one tell me any vat credit is available on food products purchased from local market?

hello sir,
my problem is that i have applied for one sale tax no. on 30/12/2009. but the number is issued to me on 05/02/2010 by department. on that time the period of return filing 30 jan was over.
so my question is that can i file return of period 29/12/09 to 31/12/2009 now with 4th quarter return. & is there any penalty for this if i not do so or do?

If one partnership firm has been registered 10 year before and they have not taken PT registration and at the same time not paid PT but they are Paying PT individually as well as they have registered there each employee under PT ask them to pay there PT separately and all there partner also paying separately.

Now my question i want to make all this under one roof so that only one partnership will have to pay PT so what procedure should i follow.

Do we can take credit of VAT if We Purchase Goods with Excise registered dealer who gives including exicse in bill not VAT ?

So how we can take credit or pls guide me what to do under VAT act ?


thanks in advance

Dear Friends,

One of my clients is purchasing goods from hyderabad and selling the same goods directly to a party situated at Delhi. Pl guide me what would be sales tax (VAT & CST)implications on the said transaction. we are registered dealers in the state of Maharashtra