Dear All,

Whether the VAT Tax payable on steel scrap sales and What is the rate of tax payable on sale of scrap, which generated during the construction.

Ours is power plant, we are not paying any sales tax on power sales, But we want to sell the scrap generated during construction of power plant.

Please help us.
Swamy Kar

Sir,

i want to know about value to be mention in the application for c-form where detail of bill as follows

value of machinery 1000000
CST @2% 20000
freight 18000
Insurance 35823

total 1073823

We hav a bunglow at Malad.. we want to redevelop that bunglow in ground + 3..
only for our family not for sale...
Total cost is say Rs.50,00,000/-

how much service tax and VAT will be charged by the builder????
he is a proprietor...

hi freinds...pls resolve a query..
when a work contract dealer will be eligible to take compulsory regn, under dvat & wat will be tax rate charged if he dont choose composition scheme..????

While filling the annexure J1 and J2 do we put the amount of purchases from a party after deducting the returns from or to them or do we put the gross amount?

Reply fast

As my client is a building contractor, he entered into contract with Public welfare department (PWD), mentioning the contract value as rs. 51,00,000/-. there is nothing mentioned in the contract about VAT tax and the final payment is Rs. 51,00,000/- only nothing more can be recovered from the PWD !!!!!

1. Whether i have to consider the contract value inclusive of VAT Tax or Exclusive of VAT tax ?

kindly advise me in this regards.

Hi,

we are an IT enabled Services & Software services company.
i just wanted to know that are we eligible to issue C-forms for the Computers & other related components used for development of software and other IT services.

Please explain in detail if possible.

Thanks

Pls note that we are having manufacturing unit at Sangareddy, Hyderabad and starting manufacturing activity from 20th December 2012 and purchasing Building material, Electrical equipment, Plant and Machinery, utility, spare parts, etc under VAT & CST

Purchases are;
CST @ full tax
Against C-Form,
Against VAT

Now query is;
1. Against VAT Building and construction material can we take VAT credit as Input VAT
2. Against VAT Plant and Machinery and utility, spare parts, accessories, can we take VAT credit as Input VAT
3. After start our commercial production, stores & spare purchase under VAT, credit can be taken or not.
If yes what is the procedure.

Further query, while filing the online CST return, where to furnish the details for total purchase against CST with full tax or against C- Form or whatever.

Hello dears


I want to know how i will get password of my vat/CST registration , please send me the procedure of reset password.

Thanks and regards
Dinesh

Dear All,
We have deposited up vat one day delay( without any holiday) with interest as 1.25% per month along with challan of vat.But department levied penality @ 20% of vat at the time of assessment of vat.
Please suggest me that department is correct or not.