Dear all

One of my friend a registered dealer in Karnataka value added tax Act has purchased raw materials of Rs. 100000 and sold finished products for 75000 only ( Incurred loss of Rs.25000) on Purchase he claimed Input tax of Rs.14500. Is he liable pay tax loss of Rs.25,000 or is he required to reverse input tax credit on purchase to the extent of Rs.25,000

Kindly let me know

Please clarify me is there any time limit for claiming vat input against output vat payable.If there is any limit please mention it and whether it varies from state to state.It it is vat are provisions in andhra pradesh regarding time limit for claiming vat input.
Thanks in advance
Regards,
Shivateja

Hi everyone...

Can anybody pls guide me as to how to issue C-Form on purchase of capital goods.

As this facility is not available online & tell me the alternate procedure that i should follow to obtain C-Form from Deptt.

Kindly help me in this matter at your earliest.

Thanks...

dear sir,

kindly provide the Series number in C Forms in all state wise.

I like to know last date of filing of montly d-vat return and can I edit monthly return option because while Today I am filing dvat return and website is showing Qtr return option only.How can I edit monthly return or file monthly return.

I have uploaded C form file in the www.mahavat.gov.in on 11 May 2013. Still C form is not received. Now I want to check the status online.
Could you please help me in getting the online status step-wise.

Thanks in advance.

Suppose "A" is a registered trader in Mumbai, Maharashtra.It has its VAT and CST registered Branch in Ahmedabad,Gujarat.Now A's customer "B" who is in Kolkata, West Bengal places an order to A's Gujarat Branch to deliver certain goods.A's Gujarat Branch in turn places order to a manufacturer in Pune, Maharashtra to be directly dispatched to Kolkata.

Now I want to know whether the above transaction is a E-1 Sale under CST Act since Manufacturer(Supplier) and intermediate Trader both are registerd in same state although the order is place by the branch?

Dear All,
Please advise me to handle the follwoing situation.

ISSUE.
we purchased a machine against form c during 2006-07, before the vat regime started.
(normal rate of sales tax was 12.5%, during that period).
During 2013-14, june we sold the same machine to a buyer at karnataka charging cst @ 14.5%
(not against form c). Our AO says that we have to reverse the relevant ITC as the sale not
supported by form C.

question.

1. Whether we have to reverse the ITC even though we deposit the CST collected on Machine sales.
2. what are the evidences to be provided for our claim.

Thanks & Regards,
R.Prakash

I want to ask a question. In Sec. 7(3A) of CST Act, text similar to below one is written:

"Where it appears necessary to authority granting a Certificate .......... for proper custody & use of forms referred to in subsection (3A), he may ...".



As per above, the forms are referred to in Sub-section (3A), i.e. this sub-section itself. But no such forms are mentioned/ indicated therein.

Also, Sub-section (2A) has a similar provision and certain forms are mentioned there.


My Question: Is Sec. 7(3A) actually talking about Sec. 7(2A)?
If so, is any correction made in Sec. 7(3A) till yet?

Hello,

Please can any one tell me the VAT rates in Karnataka for below items:-

1 Plastic Pots
2 Tetracotto pots(clay pots)
3 Charcoal
4 Coconut Husk Chips
5 G.I Hanging wires
6 Ceramic Pots
7 Metal Pots/Planters Decorative(G.I)
8 Fertilizers(NPKSORGANIC)