is Input credit available on Car which was purchased on 2010-11 and no credit is taken during that year ? can the dealer take credit in current year for that purchase?

hii
One of our client is Real estate developer. They purchase a material which is required for their works and pay VAT on that items. They sub-contract their work to the small contractor and get the works from them. They raise sales ivoice to their customer. How they can get credit of VAT paid at the time of purchase. Can they set off against service tax or set off against WCT?

hello, anyone help me out

my query is when we book entry in tally of purchase bill of gujarat including vat, but in a bill two types vat indicated VAT 4% & Ad.Tax 1%,
so in maharashtra which head i have to make entry 4% or 4+1= 5% or show separate 4% & 1%.

Say, a dealer M who sells Sunboard (a type of Plastic Sheet used in advertisement arena) to a dealer N against their purchase order. Later N placed a separate order to M for fitting of the Sunboard on their specified structure. Does it fall under the purview of Work Contract? Can Sales Tax department charge Work Contract Tax having considered that the dealer have bifurcated the order with an intension to avoid higher rate of taxation?

As per cot for contractors, the composition tax has to be remitted on advance received. In such a case how the turnover is to arrived at for the purpose of k vat audit limit of Rs 1 cr? that is on actual billing or on receipt of advance ?

Dear All,
Whether Maharashtra vat is applicable on free gifts attached to a product. For Eg: if there is a sale of car and on which a laptop is provided free of cost whether vat would be applicable on free gift of laptop. If yes then at what value? What if the rate is different for original product and gifted commodity? Anticipating a quick reply and thanking you in advance

sir,what is input tax credit and please explain with example. thanks in advance

Can Anyone provide me format of notice /Letter to be sent to buyer of flat in order to collect Vat Amount payable

From 20.06.2006 to 31.03.2010
1. Composition Scheme U/s 42 (3)- Under this scheme developer has to pay 5% tax on the agreement value. Land deduction is not available. Input tax credit is available subject to the reduction of 4 per cent.

My Query is developer has to pay 5% tax on the agreement value
OR
Higher of Agreement value or Value specied for stamp duty purpose

Please any one can advice about the Karnataka VAT on Gifts given as free during festival season sales to customers. Whether the items given has free to be billed and taxed. Also please advice about the free gifts given to the walking customers in a retail show room for the lucky draws won by the customer.

Doraiswamy