Dear Experts,

My friend planning to start trading business in Bangalore.He plans to get TIN No.in the name A is the mother company he wants to introduce some more brands like B, C, and D in the name of A. He wants to rise bills in the name of A, B, C and D is it possible to do the business. Because he got registration in A only. How is possible to raise the bills in the name of B, C & D Please Clarify me.

Thanking you Experst,

Our co.files monthly return if sale is made in april and return has been filed and sales returns in the month of may.....then what is the remedy....to revise April return or adjust in the month of May?

If I have my head office in delhi and I tranfer the goods (Wchich has been purchased in delhi) to lucknow, Can I claim input credit which has been paid in delhi, In the return which would be filed at lucknow.

If no what is the way to get input credit

Dear Sirs

Kindly assist in below query for one of our clients.

Facts of the Case

1. Some time in the year 2010 ABC Ltd. Brazil had imported in its own name, a machinery of the declared value of Rs. 51 lakhs to India for the purposes of an exhibition in Ahmedabad. At the time of import of machinery a declaration was filed with the customs authorities that the said machine would be re-exported after completion of the fair and accordingly no import duties were paid.

2. However, the said re-export did not happen for various reasons and owing to the efflux of time the said machinery was then moved from Ahmedabad to ABC Ltd. Brazils Customer in Haryana through an invoice showing the consignee as a customer in Haryana. The value of the machinery was shown as INR 51 Lacs. Thereafter, import duties including interest and storage charges have also been paid by a clearing and forwarding agent on behalf of ABC Ltd. Brazil to the custom authorities sometime in the month of July, 2011.

3. ABC Ltd. Brazil now desires to sell these goods (which are physically lying with its customer in Haryana), to a prospective customer in Maharashtra for an approximate value of Rs. 31 lakhs i.e. at a substantial loss.

4. ABC Ltd. Brazil has no place of business or operations in India and is a foreign company registered under local laws of Brazil. They have no registrations whatsoever under the customs or VAT authorities in any state of India.

5. ABC Ltd. Brazil also has a subsidiary namely ‘ABC Ltd. India’ which is a private limited company recently established in India and also having registered office in New Delhi.

Queries:

1. ABC Ltd. Brazil desires to sell this imported machinery to its customer in Maharashtra at a price of approx. of Rs. 31 lakhs. Since ABC Ltd. Brazil does not have any VAT or Customs registrations, how would the sale and physical movement of goods be effected from Haryana to Maharashtra?

2. Assuming that the sale is effected what is the mechanism through which payment will be made by Maharashtra to Brazil/ ABC Ltd. India (can foreign remittance be made against this sale or otherwise how will the funds ultimately be remitted to Brazil)?

3. Can ABC Ltd. India show ownership of these goods on account of purchase from ABC Ltd. Brazil or any other mechanism so as to sell this machinery to Maharashtra and therefore seek VAT/CST registrations under the respective state laws.

4. Any other FEMA or Custom Duty implications on the above transactions need to be examined.

sir,
i have filed annual return in form 4 for asst.year 2005-06 and form VAT 115 for the asst year 2006-07 and 2007-08, in form 4 and 115 we have declared entry tax details for all the details and I have not filed entry tax annual return in form 5.wether filing of formm 4 or 115 can be considered as annual return filed under entry tax act.
kindly answer urgently.

I want to register a society / association with central registrar. Please let me know that who is the central authority and what is his address and what is the prescribed procedure for registration.

Respected sir/Madam
Queries are
1)I have OMS Purchase during the year F y 2011-2012. at the time of filling annexure in which annexure i have to mention the oms purchase.

We registered under Haryana sales tax and our buyer is also in a Haryana but Consignee is in Mumbai, what is a Applicable tax rate (Cst 2% or Vat 5 ,12.5 %).

Dear Sir Please Confirm
When 8% vat is Applicable?

if goods is given for assembleling to a vendor. Vnedor charge to company "labour charges for assembleling' and 8% VAT thereon. shall we deduct TDS on above transcation. It is wiring work for big electricity panels whereas material is used.

sir,

We have vat credit in f.y.2011-2012,

we have to filed our april'2012, we want to know that can we carried forward vat credit in the month of april'2012