hello sir madam actually kisi party ka work petty contract mai h us time vat mai contract covered tha ab GSt aa gya h to kya ab amt including GST hoga ki separate collect krna padega.

For finalizing 704 audit Report for the FY 16-17, first I have to file revised annual return 16-17. However I find there is no provision on MVAT site to upload the same. Whether the facility of annual return is withdrawn or we have to file revised monthly return for each month. Please guide.

Regards

Turnover for which period to be exceeds of Rs.1 crore for VAT audit applicability.

For example : If turnover for the year ended 31.03.2017 exceeds Rs.1 crore then for which year VAT audit will be applicable for FY 16-17 ya FY 17-18

Dear Sir,
I am not eligible for Form-704. While filling Regular Rtn annxures for 2014-15 I have mentioned wrong TIN number & now i want to file revise E-Annexures.
So Can i file revised E-annxure if yes then i have to revise Form.-231 ? or any other option to rectify TIN number.
Please advise.

Thanks
Narayan Yadav

Dear Sir, We are dealing in sale / purchase of readymade garments. We made only local sale & purchase from interstate. can we are liable for audit under section 59(2) of dvat act or not. We have not applied any refund in our return. Can u plz send me a copy of reply against this notice

Dear Sir,

We are dealing in sale / purchase of readymade garments. We made only local sale & purchase from interstate. can we are liable for audit under section 59(2) of dvat act or not. We have not applied any refund in our return. Can u plz send me a copy of reply against this notice

While filing M-VAT audit report form 704, In Annexure J-1,the sale of some dealers was shown in Local sale to Non TIN Holders due to non availability of VAT Tin at that time.

Some dealers have mentioned wrong TIN in their J-2 and hence there is sale suppression, for this we can do followup with that particular dealer and can ask him to rectify his J-2.

But in the cases where the sale is shown in Non TIN holders column then how to rectify J-1, because in Annexure J-1 the minus figures are not accepted and if we put VAT TIN of dealer and show sale against that without making reduction of that much amount in the column " Local sales to Non TIN Holders" then unnecessary sale will increase.

So can any one provide solution to correct J-1 by reducing the amount shown in the column " Local sales to Non TIN Holders"

Dear Sir, Whether VAT on Fixed Asset(Truck purchase for delivery of Goods) total credit available in the same year in which asset is purchase in MVAT Act?

Read more at: https://www.caclubindia.com/experts/credit-of-vat-on-fixed-asset-995295.asp#

Sir,

Whether we will get Special rebate for the whole amount of tax paid on Unregistered purchase ?

Or can we claim the amount in any other period or in the month of purchase itself ?

Can any one give me the brief description regarding Special rebate and how it will be passed through financials.

Sir, How to decide nature of business as Manufacturing or Works Contractor. If there is any criteria to differentiate between this two. please help. thanks..