Sir Our Company is Newly Stared so,we want file nil vat return .please tell me which form I Used to file online vat return.

Our company is a registered works contractor in Maharashtra. We have been awarded a road construction contract on which principal contractor deducts WCT (Works Contract Tax). We have also sub-contracted works like site fabrication, plant installation, drain work, labour etc.
Now my question is - whether we are also liable to deduct WCT TDS on payment to sub-contractor? If yes, then will it not amount to double taxation on same contract work?

Do we calculate VAT (5%) on Basic Material amount or if we charge freight/Packing & Forwarding/Other Charges/Inspection charges in the invoice, shall we include this amount as taxable amount. please reply.

Can anyone tell me what is turnover limit for vat audit for the fy year 2013-14?

Dear All

My client has exchanged his old car for Rs.300,000 and purchased new car for Rs.725,000.
Whether he is required to pay tax on sale of car (exchange) under MVAT Act?

Thank you,

whether vat payable by company on cainteen services provided to emplpyee? company deduct cainteen charges from employee salary.

In form 704 (Maharashtra VAT) for year 2011-12, Sales returns shown as purchase in J2 instead of J3 (rejected material is received by excise invoice)

As per customers Audit report form 704 same amount shown as Purchase return.

Now STO is asking to pay the amount with interest and penalty for the same amount and suggested to revise return showing sales return for refund.

Is it right process?

Hi,

pls let me know can we take ITC reversal on sale return which we sold over six month back and today we get sale return.

Kindly help me on this.

Mr X wants to start the milk dairy business, he want to register his firm,
As milk is exempt from vat ,,,, is there still need for the registration of tin for firm registration ?????

Please suggest

Thanks and regards

Harsh Wadhwa

WHO IS FINALLY RESPONSIBLE TO ENTER TIN NO. IN TAX INVOICE-EITHER SELLER OR BUYER? PLEASE PROVIDE ANSWER WITH FACTS MENTIONED IN VAT LAW.