Please inform me whether the VAT audit for the year 2011-12 has been extended in stead of 30.11.2012

Please reply back urgently

Dear friends,

we are establishing a power generation unit in andhra pradesh. It is in capital work in progress. so, my doubt is, is it required to show the capital purchases in vat returns or not.

If we file 'nil' vat return, with out showing any purchases , department will issue notice for cancellation of VAT registration for non commencement of business. please guide me in this regard.

Examples of capital purchases:

plant & machinery, air cooled conditioners, office furniture , computers etc.

is it required to show land purchase in the VAT returns.

Dear Sir/Madam,

Our Company is a private Ltd Co. in Rajasthan and it has received a Contract of Building on the Land of an Individual.

My question is that wheter WCT is applicable in this case and if yes then what will be the legal procedure

Thanks

Dear Sir,

We need urgent clarification on following issue.

We party A having the VAT registration in Faridabad Haryana have a project equipment supply order from Party B who is located and registered for VAT in Karnataka. For some of the equipment we party A has placed the order for supply of equipment to Party C in Chennai Tamilnadu . We have asked Party C to supply and deliver the material to Party B directly with Billing in the name of Party A and delivery to Party B under interstate sale with C and E1 Transaction. This means material from Party C will be delivered to Party B directly as sale in transit interstate sale. Party C will bill to Party A and send the material directly to Party B under our instruction. In this case the invoice valve of party C shall be say Rs. 100 which is inclusive of Excise duty and CST @ 2%. once the delivery is done to project site to Party B. We Party A will raise the invoice on Party B SEPARATELY for Rs. 120 which is cost of the equipment + ED as + CST recouped as paid by Party C for payments. Party B will give C form to Party A for Rs. 120 and then we Party A will issue the C form to Party C for Rs. 100. Party C will issue Party A the E1 form to close the C and E1 Transaction.

Now the Questions are.

1. Whose Name will appear as consignor in E Sugam form?? Party A or Party C
2. Whose invoice number will be there in Sugam form. party A or party C
3. What will be the value of good in E Sugam form Rs. 100 or Rs. 120.

We will be thank full if experts in CAclubindia clarifies the matter urgently.

Best Regards

Arun

we are food processing firm regitsered under VAT .we intent to procure food stuff from karnataka ,from an unregistered dealer after a procees of that food stuff we are planning to send kerala , note that after processing this attract tax liability . I want to know how we can transport this food stuff legaly or according to interstate law

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=563868

Dear Expert,

My friend is the manufacturer of Rubber products, his factory is in Mumbai(MVAT) , has has purchased raw materials from Gujarat..
In the purchase invoice the said party charge
2% CST & 1% VAT..

Pls tell me how he can take input of VAT paid on purchase...?
Is there any benefit available for CST paid on purchase??

Pls answer shorty..
Its urgent

Dear Expert,

My friend(Prop.) is the manufacturer of rubber products, he paid Excise duty and MVAT on the goods produced and sold by him.

Now he wants to start a new trading business of Rubber products in the Name of his HUF.
Can he obtain VAT & CST no. under HUF??

Can he sale or purchase materials from/to his HUF trading business??

There is another realted business on the name of his wife....

Can All three can purchase/ sales goods among themself?? its a genuine business ...no adjustment and all...

pls express your opinion ASAP..

Thansks in Advance

I have recently received from sales tax J2 uploaded by me and j1 by my supplier.

I notice my supplier has either not filed the correct figures or not disclosed less sale.Hence vat paid less than the set off claimed by me.

What should be the corrective step by the sales tax department.Whether I will be sent a demand notice to pay the set off claimed?

Dear Experts,

A Bank in Maharashtra has granted 'Gold Loans' to borrowers.

One of the borrower is in 'default' and bank has got legal approval to 'auction/ sell' the mortgaged gold to recover its outstandings.

What are the implications under Maharashtra VAT for such auction/ sell by the bank???

Thanks in advance for the quick response...

what is schedule entry under Maharashtra VAT
and also how much is the VAT for Mobile Covers right now we are charging 5% but the vendors are asking from us 12.5%
we explained to them but they are asking to give the schedule entry.

Kindly assist me
its very urgent
rgds,