While opting for composition scheme the dealer should not have any closing stock of raw materials on which he had already claimed ITC set off
i am ipcc student ,my query is- can there be stock of interstate purchase /import while opting for composition scheme,as VAT is neither paid nor itc setoff is claimed on the same?

when sales tax reg no. is compulsory?? i mean to what is the exact limit when crosses sales tax reg no. is compulsory?

I am doing audit of a manufacturing concern in Goa. The concern manufactures excisable goods and takes credit of CENVAT (input excise and input service tax)

In case of Vat it is taking credit of local input Vat but I saw that incase of interstate sales it is paying the CST collected as it is without taking credit of input CST.(input CST is added to purchase figure)
Note: It is filing the both VAT & CST returns.
Is this Correct?
Is there any Section in Goa VAT Act which is prescribing this treatment?

Please Reply.
Its very Urgent

Dear Sir,

One of my client is running a business of selling handicraft items in Chennai. He has another barnch in Pondicherry.

Can he purchase the handicraft articles in Pondicherry and transfer the same to Chennai branch. If such internal stock transfer is done, what is the implication of VAT / CST?

Kindly suggest if any specific Forms have to be furnished for making a internal stock transfer.

Thanks & Regards
Dhanabal. A

Dear Sir ,

If WCT has been deducted from our bills , then we have to submit the VAT or not .

And if the VAT liability is less than the WCT deducted , then shall it be refunded ??

Kindly comment .

Dear sir/madam,
I am working in a firm which is a authorised service station of tata motors but recently we have got more authorisation of wabco india ltd. and ZF steering gear india ltd. previously we maintain one series for sale bill against sale of tata motors parts but now we have to maintain three series.

My question is how can show these three series in wbvat return and what is the rule regarding this issue?

Pls help me with this

one of restaurant given a bill.
calculation is
Rs.1000.00 foods
Rs. 150.00 vat@15%
Rs. 49.40 service tax@4.94%
Rs.1199.40 Total Bill Amt

Is above calculation right or not..?

I have confuse on ST & VAT on same thing.
kindly solve my confusion...

Dear Experts My friend running buiness (printing)individually having Registered TIN No. now he wants to convert it as partnership firm for that what are the proceedurs and stpes to be taken under Karnataka VAT. Please advise me with proper details. Thank in Advance

Dear sir pl suggest me how to make online vat payment? if possible then also suggest me what is the return due date & payment due date for all assesses .

Respected Sir,

Sales tax department issued notice under section 33(1)of mvat act2002 and attached bank account for non payament of tax amount, for financial year 2009-10 of 1st half. But as per 704 for Fy 2009-10 there were no tax liability shown. Assessee forgot to file revised sales tax return for 1/04/09 to 30/09/09. What should be done in this situation.