Hello i am Shanu Singhal we are registered under Delhi sales tax & we are not resisted under WCT tax we raised invoices to Delhi International Airport Pvt. Ltd Delhi for Installation & material Supply. They deducted 1% tds and 2 % WCT on full invoice value. Please tell How we can claim wct amount which is deducted by DIAL.

Hello!

My company is sending some machines to a customer in Punjab. We are located in bangalore. My transporter is asking for a road permit from customer. The customer says that for Punjab State road permit is not required.

Is this correct?

Can I just send the truck with invoice and packing list?

Please HELP!

Thanks.

K. Sharma

Dear Expert

Please provide me Composition rate of vat on work contract other than development of building.Actually we execute full interior work of big companies.

Please reply soon
Thanking in Advance

My deptt. being a central govt. deptt. get their feild activities like construction of drifts, drilling etc. and other engg. works. Is work contract tax is deductible from the contractor's bill besides tds under section 194-c ? If yes, what are the rates for f.y. 2010-11 ? what are the other requirements like TAN etc for deposit of wct in govt. account?
Please suggest.

we have importd material and kept in custom bounded gowdown
we want to sell the material to other party before clearing from customs
while invoicing to customer vat /cst will be applicable or not
there are differnt opinions
pl let me know what is to be done and if some one is doing without vat/cst and is cleared bu maharashra sales tax

Our Company’s Current Position
Our Company is currently performing two Work contracts with Railways for laying of Washing Lines at Anand Vihar Terminal(ANVR), DELHI and for construction of Bridge at Sarita Vihar(SV), DELHI by sub-contracting the entire work to “JSM Engineers & Contractors(JSM)”. We are registered as “work contractor” with DVAT office and submit monthly DVAT return. Our Company make purchases of two materials :
1. “Ready Mix Concrete(RMC)” and
2. “CEMENT” to be used for producing RMC.
RMC: Our RMC Supplier “Techno Concrete” has set up its factory for production of RMC at the project site i.e. ANVR site since the material is of daily use nature. Techno Concrete currently supplies RMC under Tax Invoice charging Price of RMC and Taxes(Excise & DVAT) thereon excluding price of CEMENT as it is supplied by our company to them. We claim DVAT input on purchase of RMC.
CEMENT: Our Company(CSSPL) purchase cement from “Ultratech cement Ltd. & other like parties(DELHI)” and cement bags are delivered directly to the factory of “Techno Concrete” running at both sites(DELHI) thus making Sales in Transit to “Techno Concrete”. We claim DVAT input on purchase of CEMENT as bills/invoices and delivery note are issued in our company name.
Proposed Situation
From now onwards, Techno Concrete invoices issued to us will include price of RMC & CEMENT and Taxes (Excise & DVAT) thereon thus avoiding short payment of duties on account of CEMENT not included in invoices as raised earlier. They are suggesting us to raise debit note equivalent to cement cost or to issue material Transfer note
Queries:
We seek your kind opinion in case of following queries:
1. Does Production of RMC supplied by Techno Concrete using cement provided by us is covered under “JOB WORK”. If Yes, whether Excise duty or DVAT is exempt on this job work? Should Techno concrete charge Taxes on Cement Part supplied by us?
2. Can our company claim DVAT input on CEMENT & RMC both on basis of invoices raised on our company’s name? Whether goods delivery note or invoices from Ultratech to us should contain name of Techno concrete for supply of cement.
3. How the entries in books to be routed through without violating any legal provisions?? Should we raise Sale invoices for Sale in Transit to Techno Concrete? Whether we should issue Debit Note or Material Transfer Note to Techno Concrete for the payment made for cement? Kindly suggest in respect of sale within Delhi only.
4. What are other legal & statutory obligations/procedures to be followed or any suggestions in respect of above keeping in mind the risk of any financial loss to the company.

Dear Friends,
My company is situated in Haryana (Manesar) and recd invoice from civil contractors towards civil work done in factory premises. The invoice consists labour & materials. I want to know that should we deduct TDS (as per income tax ) or WCT (as per state VAT act) or Both on invoices.

Please advice.

Regards,
Sunil Das

I WISH TO KNOW THE PERIODICITY OF SUBISSION OF H FORM.
LIKE FOR C FORMS ITS QUARTERLY
FOR F FORMS ITS MONTHLY

SIMILARLY FOR H FORM IS TO BE FILED ON A QUARTERLY BASIS OR ON A MONTHLY BASIS

KINDLY GIVE THE SECTION RULE UNDER WHICH I CAN GET THE DETAILS

I am conducting a statutory Audit of an IT company wherein the sales is subject to Service Tax as well as VAT together. The bill amount cannot be bifurcated between goods and service. There is a single basic value on which VAT as well as Service Tax is applicable.

My Query is that whether VAT should be chargeable only on the (Basic Value)
or
Should it be chargeable on
(Basic Value+Service Tax)?

Dear All,

I have few doubts in billing process. One of my senior officer says, We have to give discount on the amount after charging VAT. But If we give give discount after charging vat then it will be like we have given discount on vat also.

And if it is the correct process then, in vat returns we have to show the vat amount on which bill has been raised.

Can anyone help me out in solving this?

Thanks in advance.