DEAR EXPERT,

my employer has under go with contractor for works contract who is unregisterd dealer.
should i need to deduct TDS @ 4% Under vat act and also 2% under Income tax Act u/s 194C.

pl. clarify me.

Regrds,

Monik Dedhia.

A service sector company has sold used fixed assets (Furniure and Fixtures - not scrap) of Rs. 1.2 Cr.in maharastra. Whethe VAT is applicable on such transaction or not. Such company is not registered dealer of VAT, not havin TIN no.

freight charges after vat or before vat

Hi,

I want to know that when form38 of haryana is to be submitted to department.

2 out of 10 has been utilised.
I should submit these 2 form or after utilisation of all form should be submitted.

purchase 25000 + VAT paid 5000

Please confirm that whether STDS is required to be deducted on every works contract as per WB Vat Act and if Vat is already charged on the invoice or the limit for registration under VAT has not been exceeded, then whether the Provision of STDS is applicable on such works contract.

STDS : Sales Tax Deducted at Source

Dear Sir,
My company located at Chennai Invoices to the Customer at Chennai, but the delivery must have to take place to the supplier of the Chennai customer which is located at Karnataka state. The invoice contains both the buyer and delivery address and details.
Now what should i have to charge in the invoice, whether CST or VAT? If at all i charge CST, then whether C Form will be issued by the customer located at karnataka.

Kindly clarify. If any one who have come across these type issue can be shared.

Is there any case law, supporing / against this issue?

In the month of March 2008 we had receive refund of Rs 150000 and was shown as refund. Up to August 2008 we could get the refunds as they were below Rs. 1 lacs they were refund as per monthly. In month of November we wer liable to pay tax what we did was we have adjusted the blance of March 2008 in the return and went forward. The department now has taken the case for Audit and issued the notice for tax along with interest and penalty and still earlier Rs. 150000 is with the department. Ealier when the returns were file the department has not questioned nor issued any notice for payment

Its a general question about the concept of TDS under VAT in case of WCT sales. If my customer deducts TDS under VAT as per Vat Act of the respective state and as general he will deduct tds under 194C. As per IT, I can take the credit of 194C against my IT liability.So Is there any provision in states vat act, which can allow me to take credit for TDS under VAT.If there is no provision then does that mean, it will wipe off some part of my margin.

If case of Voluntary registered dealers, while calculating the Turnover of Purchase & Sale for determining whether VAT Audit will be applicable or not, What period should be selected ? i.e from the date of Voluntary registration to Year end or full financial year?