Dear sir

I was doing the audit of a shipyard situated in goa. There I found that when the contractee of ship is billed VAT is charged on 70% of invoice value and service tax is charged on 33% of invoice value

I wanted to know how that is possible because 70+33=103

Regards

Prajot

The buyer and seller are within the state of TamilNadu. The buyer orders to deliver the material at Gujarat state. The seller (in TamilNadu) raises a sale invoice on the buyer (in TamilNadu) with shipping address of Gujarat. Whether the seller should charge VAT because the buyer is in the same state (OR)should charge CST because the goods are moved outside the state of TamilNadu. Please reply.

We have alot of refunds for the past 4 years due to exports


We are advised by Delhi VATO for a VAT Audit

Please advise what do we need to prepare in advance to have hassle free Audit

We already submitted the 2A/2B and Form 30/31 for Sales Purchase


Please advise additional preparations besides 2A/2B , Form 30/31

In many of the cases the Vat is not mentioned in the bill by the petrol bunk.

I just want to know the reason as why it is so?

Is Vat credit on petrol, diesel, etc. allowable?

Please reply.

Thanks in Advance.

Dear sir,
Is it compulsory to file Entry Tax return to every vat/cst registered dealer, and also if there is nil return so its require to pay late fees also ?

IF I AM A COMPOSITION DEALER FOR F.Y 2012-2013 & MY TURNOVER IS ABOVE 50 LAKHS IN THAT CASE WHEATHER I WILL AUTOMOTICALLY GET CONVERTED INTO NORMAL DEALER OR I WILL HAVE TO MAKE AN APPLICATION FOR THAT?? RPLY ME SOON

ABC Ltd appoints A ltd. as the contractor for construction of building (8% vat).
A ltd. Subcontracts it further to B Ltd. who doesn't charge vat to A Ltd. since vat can be collected either by contractor or by subcontractor but not by both.B Ltd. pays vat on its purchases.
Since B ltd does not charge vat to A ltd, what will happen to the vat paid by B Ltd. can its setoff be claimed by A Ltd?
Also, if A Ltd takes service from another party (3rd party other than B Ltd.) can it claim the set off of the vat paid?

Dear Experts,

I need one opinion .

If we are sending /receiving goods (part of inventory) to our Branch/Head office for demonstration purpose . In above case we need to show transaction type as against stock transfer against ‘F’ form liability or without ‘F’ form liability .

Your earlier reply will be highly appreciable.

Thanks
Jeevan Sharma

Hi Friends,

From Karnataka Purchase has been made from Maharashtra (Billing to Karnataka party), but material delivered in Maharashtra itself for the party (wherein the material has not entered Karnataka). So, i think only Vat is applicable. In Karnataka can we take rebate on delivery made on such transactions. Kindly can u let me know how the input / vat is effected.
Chandrshekar.

we are in trading business of Fabric. we purchased goods on 22 Dec 2012 against c form, now we returned the said goods on dt. 16 May 2013. we want to know can we issue C form in this case.