Anonymous
21 February 2010 at 19:32

vat rate

pl. advise what is rate of vat on premix used for fortification of flour products like atta , maida in west bengal.
thanks

It is not flour product it is a premix, made of vitamins to be added to flour and atta and maida to make atta and maida fortified.

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Puneet Mittal
19 February 2010 at 10:35

vat return

we have not done any transaction up to january & we have not file any return now how can i file the reurn and what is the penalty for it.

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abhishekdugar2202

Sir,

One of my client is a Menufacturer of Garments. He takes Vat credit of every bill raised to its name, for Eg. If he eats in a restaurant for the sake of Bussiness Promotion, and suppose the bill is for Rs. 1000 and the vat Element is Rs 120.. Then in his book he books the expense as ...
Sales Promotion A/C ... Dr. 1000
Vat input Tax A/C ......Dr. 120
To Cash / Bank 1120

Sir is this correct? Can he book like this...
Please reffer to some notification and Sections if possible..
thank You

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nitin
08 February 2010 at 00:53

wct liabilty

my client is a builder he builds residential floors in 2 scenarios

1.he gets into a contract with party and takes one floor and makes rest of house for him

2. he takes own plot and sells floor wise

i want to know service tax and vat applicability i want to further add

suppose he incurrs cost of 50 lakh in building the whole structure and sells his floor for 60 lakh and two sixty lakh floors given to the client free of cost rate of vat is 12.5% and service tax is 10.3% on which amt vat and service tax is levied

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Viru Rawat
05 February 2010 at 16:29

VAT & CST Rates

hi

I would like to know what are the present rates of Machinery Items / spares of Liquid nitrogen gas plant at Delhi and Haryana:

In Delhi :

To Delhi Registered Dealer

To Delhi Non-Registered Dealer

Outside Delhi to Registered Dealer with C Form

Outside Delhi to Non-Registered Dealer without C Form

In Hayrana :

To Haryana Registered Dealer

To Haryana Non-Registered Dealer

Outside Haryana to Registered Dealer with C Form

Outside Haryana to Non-Registered Dealer without C Form


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Anonymous
03 February 2010 at 14:05

VAT Applicability

Hello,

In one of my client they are into sales and service of marine boats. They are providing dringking water to boats. Please confirm whether VAT is applicable for this sales of water.

They are selling around Rs. 12 lakhs p.a.

Regards,
CA Hemal Parikh

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PREM CHAND VERMA
23 January 2010 at 11:08

VAT ON MEDICATED SOAP

SIR ,
WE ARE SELLING MEDICATED SOAP MANUFACTURED UNDER DRUG APPROVAL & WE HAVE APPROVAL UNDER DRUG ACT.GENERALLY VAT TAX ON SOAP IS 12.5 % .HOWEVER VAT TAX RATE FOR MEDICINE IS 4% .WHAT TAX RATE WILL CHARGED FOR THE MEDICATED SOAP.
THANX & REGARD

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Anonymous
20 January 2010 at 11:18

Trading sales in a Manufacturing Company

Is it possible to make trading sales in a manufacturing company engaged manufacturing Steel Rolling Mill equipment. The Company has an Excise registration but intends to effect trading sales in raw materials without excise(VAT Applicable) .i.e dealing as a middle man.Is it necessary to take a new vat registration for this type of sales? Is excise Notification required?

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Anonymous
13 January 2010 at 17:33

BUYER VAT LIABILITY

WE ARE BUYING MATERIAL WORTH MORE THAN TEN LAKHS FROM A SOLE PROPRIETOR AND HE IS GIVING US INVOICE WITHOUT VAT.

ARE WE IN ANY WAY LIABLE FOR VAT.

SHOULD WE INSIST HIM TO GIVE A VAT INVOICE BECAUSE THE SAME IS APPLICABLE.

WE ARE IN SERVICE INDUSTRY NOT SUBJECT TO VAT AND SET OFF CREDIT AVAILABLE ON VAT FOR US.

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Anant
10 January 2010 at 12:42

Revised Returns under MVAT Act & Audit

Dear Sir,
Please resolve my query

Whether Revised Returns filed after 31st December can be considered by MVAT Auditor for audit.
my email id is admin@akns.org

Thanks in Advance

Regards
CA Anant P Kumat
Nasik

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