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.

VAT is leviable on Semi Stitched fabric (stitched from one side of fabric only and rest three sides ate unstitched) for lady dress. This fabric is into pieces.

Only one side of fabric (i.e. from neck side) is stitched and rest of all sides are unstitched which need to stitch if person needs to wear it.

As per VAT schedule in Gujarat, fabric is non VATable where only ready garments are VATable. Is this fabric is considered into ready made goods?

Please share act clause or Case study if any available.

Hi sir I hav one doubt regarding whether to take input credit on sales return of damaged goods.. We are doing tiles business. While travelling some goods are damaging.. So please help me to solve this issue

Dear Sir/mam

what are the consequences if the builder of a commercial apartment not collected the VAT from the Customers.

please clarify my doubt

Is it allowed to hv single tin no fr diff firms of single headquarter?? Wid diff names n diff proprietor ??I

Dear All

Can anybody guide me the way of updating supplementary Annexure J1,J2 fOr filing corrections

a)If I need to change the values against some TIN as filed in Annex J1/J2 of Form 704, then whether I need to update the corrected value or only the differential values in supplementary.?

b) If sales/purchase have been erroneously shown against these TINS how can I remove this effect by filing supplementary annexure J1 &J2. It is also known fact that these annexures do not accept negative figures.

The people at helpdesk for e704 are of very little help in guiding this query.

Thanx in Advance for your kind help.


--
Regards
CA Arpit Shah
Chartered Accountants
103/C, THOSAR HOUSE,
HANUMAN X ROAD
VILE PARLE EAST
MUMBAI- 400057
Mobile:9820869337

A company has a turnover of over Rs 1 Cr. however the vat rate on its sales, i.e. output tax is @ 0%. will the company still be liable for VAT Audit under the "Maharashtra Vat Act"?

dear all, kindly provide valuable advice to my doubt, i.e. when i purchase medicine from outside the state (inter state purchase) can i pay 2% advance tax on same and am not eligible for in put tax credit