Dear All,

We are purchasing Industrial Materials from Local Market by paying VAT and directly selling to our Overseas Buyers without Charging them VAT separately. We are considering the Input VAT as our total purchase cost. In this case Can we get VAT exemption for export orders?

Dear expert,

Kindly suggest me whether in invoice i can charge vat on freight charges.

Its urgent

Please help me

Sir,

We are manufacturer in Punjab. One of our client from chennai has asked us to raise invoice in their name and deliver the goods to punjab based other client . Whether CST or VAT is applicable. State with relevant section.

Thanks in advance

how to treate resale of returned goods after 3 months. please explain with example

A machine was purchased on 01-01-1998 of Rs 3588911 against C form (2% CST) which was used in business for business purpose and depreciation is duly charged on it.
On 25-05-2005 this machine was damaged and a claim amount of rs 2200000 was received from Insurance Co.
Is the company liable to pay CST/VAT on received of Insurance Claim Received.

Separate c form is required to be issued of normal interstate transaction & E 1C transaction for the same party relating to same quarter?

dear collegues

how to compute input tax reversal on account of stock transfer to own units situated outside the karnataka.

example: Total vat purchase 10000+ credit 1400
Total CST purchase Rs. 10000+cst 2000

Vat sales Rs. 8000+ output tax 1120
cst sales Rs. 5000+ cst 100
stock transfer to interstate units Rs. 5000+ cst not charged agaist form F.

please guide me how to compute input reversal under sec 14 for the value of goods transfered to interstate units.


thanks in advance

rk

Dear sir

When we made Entry Tax

Hi. I am a dealer of chemicals. I have a query on VAT.

Item – 1(Chemical) cost Rs. 1000; Input tax CST at 2%, out put VAT at 14.5% - Output VAT = Rs. 145.00 (Bought from a manufacturer and sold to a manufacturer)

Item – 2 (Cooling agent) cost Rs. 100; input VAT 14.5% - Input VAT = Rs. 14.50 (Bought for own consumption to be used as a cooling agent for item 1)

Now, can VAT payable to government be calculated as Out put VAT minus Input VAT? In this case, Rs. 145 – Rs. 14.50 = Rs. 130.50???

Is this correct? Can I adjust VAT for an item that I used for own consumption against the item that I bought and sold?

Please tell me, what is the last date of submission of VAT Return