Dear Sir/Madam,

I am a trader in Maharashtra. I buy goods from the local manufacturors with a VAT of 5%. I sell the goods at Gujrat on that I have to pay CST @2%. Overall Taxes are now increased i. e. 5+2=7%.

My query is that, can I take a set off in VAT of 5% against the CST of 2%.

Please suggest me on that.

And also suggest any other way to reduce such taxes.

Regards --
CS Gaurav Mishra

deposit of rs 25000/-at the time of registration can be available for setoff

how to write letter to sales tax for adding commodities for vat cst reg

Sir, I want to become expert in Taxation and Laws in india to help my future business.
There is no lack of hard work in me but the problem is Study material or lack of information Please tell me from where i can practice real situation or get various information about vat and cst.

Dear Experts my qsn is that we received debit note for goods return dated of invoice as on 1/9/13 and dr .note issued on 31/3/14. So how i should pass entries for that. can we claim tax credit.?

Dear Sir,

Good Day!!

We are from PVT. Ltd. company, we have an a small doubt i.e. we have to maintain tax invoices individual Invoice nos. like for VAT 0001, for CST 0001 ??

At present we are making Tax Invoice No. 0001 for VAT & CST we are making 0002, continuous nos, will be ok like this ???

henceforth, we would like maintain our Tax Invoice like V0001 & C0002 for putting coding (V & C), easily identification of VAT & CST transaction, could you suggest us proposer way to go ahead ??.

Kindly look into this and do the favorable.

dear sir what is TDs rules in vat (Gujarat)?

Sir,
My company is situated in Mumbai, Maharashtra.I am selling my offset used machine. I bought it from Maharashtra. I am going to sell it in Kerala. Party is issuing me C form. My query is at what rate of VAT I should charge them? I have paid VAT @ 12.5% while buying 5 years back.

what is the general fees charged for vat registration ?

Hello experts,

Our company manufactures machinery and sell it @6.05% in Punjab and @2% against form 'C' out of Punjab. Except other raw materials which is purchased @6.05%, we also use electric motor, ac drives and other electrical items purchased @14.30% for this machines. So the query is:

1. Can we claim / deduct (ITC) full tax of 14.30% of electrical items used for such machinery, even though we are selling the machine @6.05% vat or 2% cst.

2. Also, can we claim / deduct (ITC) full tax in case where we use such electrical items in our factory for our machinery [used in production and not being sold].