We are a manufacturing Concern in Steel Sector.The Query is regarding the POT of the transaction. we are selling goods to Interstate party @2% against the C form. The word "Ex factory" is mentioned in the Invoice. The party deals with all the transportation charges & obligation & the same issues the Consignment Note where the concerned state is mentioned..

Recently an investigation has been done by the VAT authority and they are treating the said sales as local Sales & charging the difference amount @ 2% on the affected sales.

Any suggestion in this regard how to deal wid the case & favour the case in our side.

Can we issue C-Form against purchase of Fixed Assets in State of Maharashtra from other states?

Can a job workers or labour contractor issue C-form for minor material purchased from Goa for completion of contract in state of Maharashtra?

As per Rule 53, 4% retention on stock transfer in ratio of branch transfer on taxable turnover.

kindly provide definiton of taxable turnover..

Does it include exports???

Dear sir,
i have(Pvt.Ltd)purchase new software for Rs.75000.
can i charge depreciation on that software & what rate?
seller Co.has charged Vat also With issued Tax invoice then what can i take input tax credit on above software?

Dear sir,

We are Under Excise Registration How to show Purchases Under Vat Return For Example

we Have Purchase 100
Plus: ED 12.36% 12.36
plus: Vat 5 % 5.61
Bill Amt 117.97

There is of Purchases Difference In vat Return and Books Entry

IN bOOKS we are Showing Purchases 100 and in vat Return We are showing Purchases 112.36

What is a benefit by R R Sale

Pl Mr. expert answer....

Matter is most impotent...

A company made sales in last year and collect vat on that sale and deposit...but in current year the customer return the goods...now my question is that company can deduct the vat amount that paid at the time of sale from current year payable on sales. Thank u.

can VAT paid be claimed as set off against EXCISE DUTY/SERVICE TAX collected.....if ys then I have a exmpl ti which I need ur ans..... X is a manufacturer of spare parts he sells goods to Y a wholesaler and collects ED...then these wholesaler sells goods to TATA MOTORS and collects VAT.....now my question can X claim setoff for ED paid n VAT received.. .awaiting for ur replies EXPERTS

our company is a trading co.
i want to know that can we sale our product below from the purchasing rate if not than why please explain me in this regard.