Our company is a group company, in our division Products are (sales) VAT exempted products, but on purchase of rawmaterials and othe finished products we are paying vat, shall we take input credit, in group company in our other division other manufacatured products we are paying VAT. Please clear my doubt.

K. Srinivas

Dear Experts

1) X of delhi sells goods to Y of Punjab. Both are registered in their states.

(a) Now will X issue Y a retail invoice or tax invoice?

(b) X will Charge Y CST@2% against Form C.
Can Y claim credit of this CST paid by him on interstate purchase?

(c) How does seller, X in this case knows whether Y is registered in Punjab or not?
It is important for X to ascertain whether Y is registered in Punjab or not because only if Y registered X can charge CST at 2% else X has to charge VAT rate applicable in Delhi.
How does X know about the registration status of Y in Punjab?

(d) What is the time frame within which Y has to give Form C to X?


(e) what are the consequences both for X and Y, if Y doesn't give Form C to X?


Regards
Shivani

Please tell whether we have to charge CST on goods send to the distributor in other state or we can save tax with some prescribed form.? Also tell whether this distributor is required to charge VAT if he is selling in his state?

kindly explain all ITC reverse in details in VAT

thanks and regards
Sampath

what is the diffrence between sale tax and vat.

Hello.,

Is digital signature Compulsory for every return. or it has some limit criteria.

Hi All,
I have all Data to fil Annexures as applicable to Developers.
But How to validated this annexures so that i should get Rem.txt file which can be upload on mahvat.gov.in website by login as dealer.

please Help Me??????

m a car delear selling new cars puchased from chennai.... out of my car stock i hold one car for bussiness pupose and ...... for the purpose of making car RC generate a sale invoice in the same name...wheather i need to pay vat for the same..

if we have imported goods and sale the goods out of my state i m in rajasthan there is no delivery in my state rajasthan then the purchaser of out of my state gave me form C and now which form i have to issue that purchaser is that E1 or E2 or something else

PARTY RAISES BILL FOR SELLING FOOD BEVERAGES (LIMCA & SPRITE)AND CHARGES VAT ON THE BILL FOR INTRA STATE SALE BUT THE BILL IS HEADED AS 'CASH MEMO/BILL' AND WORDING 'VAT INVOICE' (AS REQUIRED BY THE VAT ACT) HAS NOT BEEN MENTIONED.
CAN THE BUYER TAKE CREDIT OF VAT CHARGED BY SUCH SELLER