Dear Friends

Please clarify, The manufacturer purchase raw material from his state with VAT and sold the finished goods to Other State(Without C Form Condition)there is any possibilities to get the Purchase Input Refund.

Vat output amount for the period 01.01.2011 to 31.03.2011 = 128979 Rs.
Vat input = 92519 Rs
Provision made for next quarter out of Input = 27756 Rs.
Vat input b/f from last quarter = 10916 rs
Total ITC Availed = (92519-27756+10916)=75679 Rs
Total sales tax payable for the quarter = 128979-75679 = 53300 Rs.
Input c/f to next quarter = 27756 Rs.
Sales Tax paid on 24.04.2011

But the amount of Sales Tax payable and vat c/f is not shown in the balance sheet for the year ended 31.03.2011

What will be journal entry to be passed in the books in the year 2011-12, so that the amount of sales tax payable and the vat input c/f of the last year can be adjusted in this year.

Can anyone tell me about VAT rate applicable on Watches & Cameras in UP & Haryana ? answer me on swati@faltu.com..

regards,
Swati

Kindly Explain

Goods are transferred form Mumbai to Noida and the CST @ 2% and Entry Tax @ 5% is charged. Then the goods are transferred from Noida to Ghaziabad and the entry tax @ 1% is charged

Can we sale our goods in same state in which we are regestred through Transit sale?
exp. A Ltd corporate office in delhi purchased goods from b Ltd in west bangol can A Ltd directly indorsed their bill to C Ltd which is also in Delhi through transit sale agsinst E form?

Please guide me for the same?

Thanks in advance......

Binay Chaudhary

DEAR SIR,

I PURCHASED MATERIAL INVOICE DATED 29/06/2011 & MATERIAL RECEIVED DATED 05/07/2011 SO I SHOW IT IN SALE TAX RETURN 2ND QTR.,

BUT PARTY DEMANDING THAT GIVE US THIS BILL AMOUNT IN 1ST QUARTER..

WHAT IS THE RIGHT WAY FOR THIS.

THANKS

I'm wotking as an Accoutat in a manufacturing co.I made a Sales Bill of 50 pcs Shirts in the month of May 2012, I've paid VAT Quarterly, but now the customer has send us 3 pcs return, I've issued a credit note to the customer including Vat. Will i get set off in the next quarter of VAT Payment.

I AM AIRON & STEEL SUPPLIER REGISTERED UNDER VAT ACT IN WEST BENGAL. I PURCHASED RS FIFTY LAKHS GOODS FROM A DEALER WHOSE VAT REGISTRATION WAS CANCELLED ON 20/2/2008.I MADE PURCHASES FROM THE DEALER ON 23/2/2008,18/3/2008,25/3/2008 after cancelled date of his registration. The sales tax department have sent me a demand notice of RS 200000/on 13/9/2012.I was assessed by officer on 13/8/2010 previously. What should I do. Shall I HAVE TO PAY RS200000/ to sales tax department.

Dear Experts,
An non auditee assessee need to file J1 & J2 under MAHA VAT with last return to filed.
What about an assessee who has cancelled his VAT TIN No. before his last return . Is he liable to file Ann J1 & J2, if yes then when was the last date ??

Dear sir,

we are operating manufacturing industries we using packing material but it is not using as raw material after finishing of the product we using packing material so can we claim input tax credit on packing material

please tell me

Regards
Ramesha.m