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

A sole proprietorship concern running a showroom wants to sell all capital assets and stocks to a partnership concern at the book values as on 31 mar 2010 as a going concern.. The sole proprietor is also an existing partner in the partnership business.Is Vat to be collected on such transfer. If so at what rate?

it may be noted that the building on which the show room existed belong to the sole proprietor. Now the building is proposed to be let out to the partnership on rent and business continue to operate in the same premises as a partnership concern in the name of the partnership firm.

We have a client who run a restuarent and this is a private company. It has two shop one is in running condition and another is in under construction. The company has purchased some Computers amounting Rs. 167200 and Vat on this is 8360 and also some Furniture Items for shop. These both assets is purchased for the shop which is underconstruction. Please give an expert advise on the following matter
1) Can we take VAT credit on Computer and Furniture purchased for our shop (underconstruction)and there is no sale on that particular shop.
2) Can we take credit on Crokcary purchased which is being write off in P& L a/c. Also tell me under which head i will show this amount capital goods or other goods.
3)Can we take credit on Diskwasher, Sink etc. used in Ktichen.

Please refer the proper sections and case laws.

Hello,

I understand that the trader needs to register under VAT Act if the total turnover exceeds Rs.10Lacs.
Is there an option available to him to declare his total turnover and pay a flat rate of tax on such turnover? Thereby, he can be relieved from the filing of monthly VAT returns.

Please let me know the applicability in Karnataka.

Dear Sir,

We, one of manufacturing unit having excise registration, VAT Tin & Service Tax Registration.

presently we are giving our sales documents like Excise invoice cum Tax Invoice (Duplicate for Transporter & Quadruplicate for CTD), Insurance copy & Waybill/ road permit to transporter for delivering the goods to our customers of our state and all over india.

my doubt is the waybill / road permit mandatory or not? some of my collegues said that there was no rule to prepare waybill / road permit along with sales documents. is it right or not? if it is not mandatory provide us the rule...

please help us...

Aravind Kumar
thanks in advance

IS IT MANDATORY TO CLAIM VAT REFUND BY FILLING FORM 501 IN CASE OF VAT REFUND.

IN CASE IT HAS NOT BEEN CLAIMED , WHETHER IT WILL BE ALLLOWED AT THE TIME OF ASSESSMENT / BUSINESS AUDIT .

WHAT IS JOB WORK. WHAT IS TREATMENT OF LOCAL JOB WORK AND CENTRAL JOB WORK. AND WHAT SHOULD BE PERPORMA OF A INVOICE WITH JOB WORK