I need some clarification regarding VAT for the following.
Hi Experst pl help me
We have purchased the spares and accessories paid VAT @ 5% / 14.5% and
our sale commodity rate of VAT is 5%. Whether treat it capital goods
or input, if treat capital goods what % is eligible for us to take
credit.

In this connection, Commissioner of Commercial Taxes, Chennai give the
clarification as spares and accessories are treating as an input and
avail the credit in the same month.

Kindly give the correct solution in this regard.

What are the advantage of E1 form to manufacturer.

would it be correct to say that there are two kinds of sales tax in india-cst and local sales tax (now vat )...also please define cst (central sales tax )

Dear All,

I Had a Soft drink agency business but
8 months ago I shifted my business to Cigar-ate agency. I submitted the photocopy of old vat registration along with formal letter to authority for changing the nature of item. But still now I have not getting no response from authority, but I continued my new business from last 8 months & submitted my vat return usually.

Am I getting any penalty in near future??

Hi

We are company engaged in the business of installing grid connected system operating in Karnataka

Under Grid connected system we would supplying various material to our vendor

Please let us know whether we can raise invoice with description as grid connected system as we have received single po from vendor with applicable vat rate or we need to give details of material supplied with vat rate.

Kindly suggest

Dear Sir,

Under Works Contract, Instead of issuing Single FORM 406 & 409 for financial Year, Can we issue FORM No. 406 & 409 against each Purchase Order to one contractor in one Financial Year as per the requirement of Contractor in Pune, Maharashtra.

Please guide.

hi

we are into landscaping contractors register at Bangalore[Karnataka], we under take works in other state where we don't have VAT registration.

Under CST we can take up contracts out of the state if yes. provide the details.

Dear Sir,

I have one more query regarding AMC & VAT, Please reply

We have placed an order for Computer/server/other edp material & given an AMC for its maintenace

Party has provide us a bill for

Basic value of all above material 700000/-

Service Tax 10.3% 72100/-

Vat 5% 38605/-


I have a querry whether Vat is applicable in this bill.

It leads to double taxation. Plz suggest me with any circular. It will greatly helps me.

Please advice

i am a civil supplier i have purchase a plumbing material from unregistered dealer and he didn't given me invoice of that transaction but i have already sale that material to my client so that i have query about my vat. how much vat i should be payable to govt the generated bill will be approx 300000/-

If a banquet hall is registered under Mandap Keeper Service, it can charge the Service Tax on 60% amount of Total Bill Value (as 40% abatement is given in this regard).

I want to know that on what amount the VAT is to be charged ? On 100% of the total bill amount or 40% of the total bill amount ?