Final product is exempt from VAT. however the VAT is paid on Scrap arising in the process of manufacturing. There are purchases such as spares etc which has VAT element. Can the VAT paid on spares be utilized towards payment of VAT on Scrap sales ?

A Ltd a foreign Company and holding company of B Ltd incorporated in India, gets an order from C Ltd India.A Ltd supplies majority of the order (99%) from outside india and asks its subsidiary B ltd to procure and supply the balance material locally and send it C ltd. The cost of local procurement is reimburesed by A Ltd to B ltd.

a) is the material supplied by B Ltd procured from local vendors eligible for concessional rate of tax against C Form/ E1 transaction? (A ltd is not a registered dealer in india)

b)is invoice raiased for cost reimbusement be treated as sales and attracts CST?

c)if the above (b) trasaction doesnot attract CST , then can this be shown as export sales?

Dear Sir, we are planning to take an AMC(Comprehensive Basis)for Air Condition. Vendor has sent his quotation, in that quotation there is a doubt, please clarify, In the given Quotation, There is a Gross Bill Amount. After that he adds a 12.36 @ 70% Service Tax Then after adding of Service Tax and Gross Bill , he is charging VAT @ 8%. Now the my doubt whether is there any rules or circular or notification that explain that the VAT will be charged on Gross Bill + Service Tax, He has given me a some Notification, No.32/2007, Dated:22.05.2007 & 35/2012, Dated:20.06.2012. Now my second question shall I deduct WCT TDS on it or not. Please reply as it is required urgently.

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sir,
I would like to know the cost of purchase of the product. In some bill our creditor add freight charge and other. whether this amount is add to purchase or show separate in p/l.
kindly advise the same
thank
binu

treatment of vat on purchase of fixed assets

I have taken the formula for CST Reversal as:
ITC * CST Sales/Total Sales * 3/5 or 3/14.5

1) My query is whether Formula is correct?
2) Whether the Total sales includes consignment sales (shown as exempted sales in Form I) or we have to separately calculate CST reversal for consignment sales?
3) If calculated separately then what will be the formula
Please solve this query as soon as possible

Dear Sir,
Please tell me turnover applicability for VAT-Audit.

Thanks

While uploading annexure on the site there is shown error that cannot be proceesing Contact to help desk no. I have tried to call them on 1800110066 but it is continously busy from last two to three days.Please suggest me is there any other helpline number? so,that i can contact them & resolve my quarry.

Thanks in advance

Dear All,
Can ITC be claimed on local purchase for interstate sales without C form(i.e to end user) under Pondicherry VAT? I am aware that ITC cannot be claimed in such cases under Tamilnadu VAT but is it the same in Pondicherry, Karnataka or Andhra pradesh? We are a wholesaler of Consumer durables in Pondicherry and are looking to sell to customers in other states using online marketplace platforms (Flipkart etc.). Kindly give your valuable advise and suggestions.

selling cotton yarn in cone form is taxable in Maharashtra, while if trader purchases from out of Maharashtra and converts into hank form is trader liable to pay tax on sale of yarn in banks form. Tax on sale of yarn in banks form is exempt in Maharashtra. please reply.