If a person raise invoice for interstate sales and levy cst 12.5% instead of 2%. now he get c-form from party. at what percentage he would liable to pay cst - either @12.5% or @2%
pls. reply

We got the MVAT Reg no dt.17.10.11. Now we have the tax liability of Rs.1250/- up to 31.03.12.while making VAT payment what period shall I put in Challan? is it 17.10.11 to 31.03.12 or 01.10.11 to 31.03.12? and can i adjust the liability against Deposit paid for registration?

Dear All,

CAn you please confirm about the following

My client got invoice from client for "Hoarding installations". Description of invoices says 679 squqre ft,and 3 numbers of items and 500sqt etc....and he VAT on whole amount i.g 50753 & 14% vat =57858.

Now my question is
1) can he charge VAT on full amount
2) if he charged like that as CA what is our advice to clinet as i have to make payment now
3) what about TDS implications whether 194C comes or not.(Clinet telling as he charged VAT we could't charge TDS)
4) If i process that invoices(for 57858) without TDS is there ant statutory compleances wrong..

...

Dear Sir,
I am a whole seller got my new TIN w.e.f 31.12.2011 so what is the due date for filing my first MVAT return.

Please prvide me the vat Notification in which Vat applicaion on the Compter or Laptop rental billing. in maharashtra state.

what amount we have to pay for registration of the composition dealer like for vat its 500,25000

how much we have to for composition scheme

I am filling the online form of VAT registration. In that form, the commodity details r not getting saved. I also mailed it on the sales tax i.d., but din't got any answer.
Kindly Help

We publish advertiesment by way of Horading display for our Products.

While getting the flex printed, the vendors charge VAT separately. Can we take Setoff of the same in VAT returns?

As well as the advt. exp. we also distribute the gifts to our dealers to promote the sales.

Wheteher we can take setoff of both?

Suppose X ltd. has sold DEPB license charging VAT to Y Ltd. and after few months X ltd. acquires the same DEPB license from Y ltd. without Charging VAT..

Query:
1> Whether Y ltd can avail credit on VAT paid on purchase under GVAT?
2> Whether VAT is to be charged on X ltd when license is sold to X ltd under GVAT?

Dear Sir,

we have purchase from gujrat (CST@2%) and sales local 12.5%.to kya hume 2% credit milta hai ki nhi.kyonki vat to hum collect karke paid kar dete hai.cst to paid hi kar dete hai pruchase ke time per.how to adjust cst & vat.?

suppose-purchase-100000
cst@2%---2000
bank-----------------102000.

same product sales to local market.
cash .......112500
sales..........100000
vat@12.5%.......12500

paid vat to govt-12500 and cst paid to supplier.how to adjust....?vat and cst