Dear All, Please solve my problem,
My question is that,
1-What is purchase tax and how is accounted in the books of registered dealer?
2-Suppose we are a registered dealer, and we purchase some items from unregistered dealer as per given
Taxable goods – 10,000.00
Capital goods – 150,000.00
Unregistered dealer has not charged any tax, if they charge any tax, how it will be treated (i.e. what effect in trading A/C) in both ways?
Please give response.
Thanking you,
Mr. Shafi Ahmad

Dear sir / madam,

Please advice the how to handle the Complete VAT policy and documents maintenance details.

PLEASE THIS IS URGENT SIR / MADAM,

With Regds.

Prakash C Gowda

My client is a builder & Developer.He subcontracts the construction work to the Contractor.During the process of construction of building my client has done the agreement to sale contract with the various customers.client has received form 407/408 from s/contractor say Rs.90/- & My Client's value of agreement to sale is Rs.100/-. S/contractor has paid the Vat [on Rs.90/-] Now my query is whether my client have to pay the vat on the Diff.amount of Rs.10/- [100-90]?

We are constructing residential apartments on our land and want to sell to individual owners.

Is VAT applicable to the buyers to be paid to us for submitting in the government?

If yes at what rate it is to be collected?

Also, when is this VAT payable - at time of registration or as we receive the instalment.

dear all,
plz clarify my doubt regarding an issue:

purchased a crane for giving it on hire and charging service tax too on invoice. but whether i m also covered under right to use of goods and liable to charge VAT on the invoice amount....

urgent

dear all,
plz clarify my doubt regarding an issue:

purchased a crane for giving it on hire and charging service tax too on invoice. but whether i m also covered under right to use of goods and liable to charge VAT on the invoice amount....

urgent

hello all.
we are a manufacturing unit (its a partnership business) (SME)
our turnover for F.Y 2011-12 was 1crore 59 lacs (approx)
are e required to prepare vat audit report u/s 88?
i have heard that it is not compulsory for organisation with turnover less than 3 crores. is it true?
please share your views.

Assessee company have a car in business which got accident and damaged. Assessee company received claim from Insurance company. My query is that whether there is any VAT on Insurance claim?

Dear Sir,
My gross turnover including VAT is exceeding Rs.60 Lac. but our P/L is Exclusive of VAT .So Sales as per P/L is Rs.5970082/-
Whether I am Liable for MVAT Audit and Income Tax Audit?

Is there any requirement of e- sugam for purchasing proceesed meat from an unregistered dealer, karnataka by a registered dealer from kerala