I'm opening a online retail store in Kolkata. its proprietorship firm. basically we are planning to deal with footwear,saris,readymade garments etc. we have some interstate seller also from whom we are going to purchase our product. we have some seller of west Bengal also where we sell their product on commission basis. hence please suggest me that which are the legal thing we need to do before start. please advice.

Hi,

We have an online store, we are also a seller on snapdeal.com with our firm registered in AndhraPradesh(Now Telangana), I have a question for which I haven't found clear answer on internet, one of my friends suggested this platform and here I am looking for help from experts.

We do local purchases in Telangana state, hence pay the VAT. We sells watches (which incurs 14.5% vat). Now the real question is when a order is placed on our online store from a customer residing out of Telangana i.e from other state then do we need to pay CST also, or just VAT filing is enough? An answer with a example would really help me a lot.

Thanks in advance :-)

W.B. VAT @ 5% on ready-made garments. The price tag of ready-made garments reads M.R.P. inclusive of all taxes. Is it legally right for a vendor to charge VAT on M.R.P. (inclusive of all taxes)?? And if not right then what is the remedy against this (in my case VAT has been charged extra).

I am registered as a Works Contractor under Composition Scheme of Delhi Value Added Tax with 3% tax liability.

I want to exchange my old car with a new car which has been used for personal as well as business use.

Depreciation benefit is being claimed on the car.

I want to know will there be any D-VAT liability on exchange of the old car? What would be the rate of tax?

Will I have to pay income tax also on exchange of old car?

On what amount would I be liable to pay VAT & Income Tax on? On the whole exchange consideration OR only on profit ( i.e. sale amount - value of car in books)?

What if I incur loss on exchange as per books? Will I still be liable to pay VAT/Income Tax?

Hello.....i have purchased some raw material from same state and such raw material is not required for me and i want to sell such raw material.
whether vat is payable on such raw material as a ordinary sale.
what will happen if it is purchased from inter state and sold in the state in which vat is payable on such raw material.
If vat is not payable as ordinary sales than what treatment would be????

Dear Sir / ma'am

I want to ask a query in relation to vat input credit on capital goods.
please tell me the proportion on which credit is allowed and if not allowed in proportion then on what basis it is allowed ?

Regards,

Sanjeev Mittal

Sir,
One of my Friend started a trading business in Kerala. Its annual turnover for the financial year 13-14 is Rs 6,50,000 only and it become net loss.I would like to know whether IT return is compulsory in this case .if yes can you share appropriate form for submitting the return .
Kindly advise the same
Thank®ards
Binu

if i paid CST for purchase inter state goods, can i set off against output vat?

sir output vat is applicable to rental service?

Dear experts, plz help me understanding the concept of Reverse Credit in VAT return form..?? In what circumstances, Reverse credit situation arises?? waiting for your immediate replies!! Thanks in advance!!