Can any 1 tell me whether vat is applicable on sale of asset including motor car ? is there any limit for that ? and what is rate of vat is applicable ?

whether vat is applicable on liquor or not?If yes at which rate?Is their rate difference in different states? Please reply in deep.

DEAR ALL

PLEASE LET ME KNOW REGARDING KVAT QUARTERLY VAT FILING RETURN HAS BEEN FILED IN TIME(15.01.2013) BUT UNFORTUNATELY STILL TAX PAYMENT(CHEQUE) NOT PAID TO THE LVO FOR RS.21000/- .

IN THIS REGARD I WANT TO KNOW WHAT WILL BE THE CHARGES TOWARDS INTEREST AND PENALTY?

RAGARDS
RAJ

Hello,
I am from Mumbai. Me and my friend are soon going to set up a I.T related business offering computer repair services as well as sale of old and new computers/Laptops.
We have decided to sign a partnership deed as well as Register it as a partnership Firm.

Since, we don't want to get into any sort of legal trouble, I am confused about the following things:

1. We will be registering our partnership firm. Does this mean we get licence to sell goods and issue bills under our firm's name? Or will we need to apply for a Gomastha(Gumasta) licence seperately?

2. We will be providing VAT Invoices to our clients/customers. In order to provide vat bills, one has to get a VAT number registered through Income Tax dep. TIN is required to register a vat number. Is TAN or PAN required to get TIN/VAT number? I mean is there a need to apply for PAN or TAN (or both) of Firm before applying for TIN?

3. We are going to provide computer repair services too, will we be have to charge service tax for this?

would appreciate any advice. Thanks in advance.

hi,
i'm about register for vat. CA has asked me to prepare 2 DD's; one of rs.25000/- & second of rs.5000/-. my query is can i also register for cst along with vat or should i prepare a third DD for it. if i should, how much would be the amount. thanks.

regards

Dear Experts ,

Please reply my query that if a Sales tax registered deals falls in category of quarterly Return under Dvat & Cst to file. Suppose he sold the goods in Jan 2013 Under CST @2% agst C Form to purchasing party ( state sales tax rate @5% on that item)and filed Dvat & Cst return (qtr- Jan-Mar 2013)in April 2013 as per scheduled time and later on in middle of Aug 2013( after six months of sale date) say purchasing party to whom goods were sold return the goods of full value of half of the value . whether in this purchasing party will issue C form to the selling party and whether Sales Tax return to be revised of Jan-Mar 2013 or not. what treatment of sales return to be made in sales tax return(s) in which year and in books. Please reply.

Anil Jain
9312640067

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=596003

DEAR SIR

WE ARE PVT LTD CO, WE PURCHASED CCTV CAMERA OF RS 288000/- 12.5% VAT IS APPLICABLE ON IT, SIR TELL ME

1 CAN WE AVAIL BENIFIT OF VAT
2 THIS EXP SHOULD BE CAPITLIZED OR REVENUE EXP

THANKS & REGARDS

If a person imports equipment required for films etc and subsequently gives those equipment on rent then is he liable to apply for Sale Tax Number?? Import may a one time import??

Dear All,
We are Proprietorship firm based on Maharashtra.
We had collected C Forms for sales made for the year 2005-06.
in 2012,the local Vat office verified our Vat audit report and books and issued an assessment order for the FY 2005-06.
We submitted C form yearly basis in department, but department rejected the same on ground of C form is not an quarterly basis.
As per the sales tax act from 1st Oct 2005 onwards we are supposed to get form C for each Quarter.
The considered form C concession from these consolidated C Forms for sales made only till 30th Sept, 2005 and sales made from 1st Oct,2005 to March, 2006 are considered by department as sales for which C form is not there and are demanding to pay difference of tax + Interest+ Additional Interest.
Following are my queries:-
1. The Local sales tax vat office did not reject the consolidated C form at the time of submission or at the time of assessment in 2012. Now after 7 year can sales tax audit department rejected the same.

2. If the customer tries to issue another C form for as a quarterly basis for the F.Y. 2005-06. my question is a customer do that and in what way it do that.

Thanking You,
With Regards,
Ram Agrawal

Dear Experts,

We have numbers of Form C delcarations received from our inter-state customers - Department is not accepting on manual submission and insisting upload in the website: It is major task in typing each Form-C details in Website:

Can anybody kindly guide how to upload Form C data in Karnatka VAT website ?
Please provide Excel File for conversion into XML file with guidelines for upload ?
please