gud morning experts,
i would like to know that we are manufecturing unit than can any 1 told me than can we sold our raw material . any rule in sale tax .plz clear

Sir,
What neccesary enteries should be done for up vat.(input, output & capital purchase)

A fixed asset is bought for 100000 & vat is 12%.
State law says 50% cenvat is available for CY and balance over the next two years.

Entry passed is:
Fixed asset 100000
vat 12000
To Bank/Vendor 112000

What accounting entries are to be passed for
1. recording vat in CY for cenvat credit and
2. C/f balance vat for following 2 years.

(Q. is not state specific - for general understanding only).

hi plz confirm me anybody of below problem

we are the manufacturing firm. we take 100w connection of electricity & one electricity transformer also.
on the electricrty transformer,we received vat input @ 5%, so can we take of that vat input , vat input around 20000 rs.
but i doubt that transformer will go in electricity item & not goes on machinery item . so what we will do of that vat inpu amount???

plz be clear ASAP

Dear Sir

I want To take MVAT Registration for private limited company which document, i have to submit for the MVAT Registration of Pvt. ltd. Company?

Respected sir,


Please Clarify Uttar Pradesh Vat Section 54(1)22. We Received the notice from sales tax department against delay in submission of form 38. Please Explain, what is the maximum penality of form 38 delay in submission

Thanking you,

R.S.Sharma

Dear Sir,

We have ordered one DG Set from Bangalore & the same will be installed in Pune.

There is two different bills from Supplier one for DG Set & one for Installation.

DG Set bill from Bangalore Address & Installation bill from Pune Address.

For Example - DG Set Bill -Rs.1000 + CST
Installation – Rs.1000
We are in process to pay 50% Advance for Both i.e. DG Set & for installation.

Please let me know the TDS & WCT TDS implication.

DEAR SIR,
I WANT TO KNOW WHETHER THE ENTERY TAX IN UTTAR PARDESH IS ADJUSTABLE OR NOT IN VAT.
"MY COMPANY IS MANUFACTURING STEEL TUBE IN HARYANA WE WANT TO SALE IN UTTAR PARESD, THAN HOW WE CAN ADJUST THE ENTRY TAX."

My client is an architect and have a proprietorship concern.

The Income involves receipt on Consultancy and receipts on works contract. Can anyone clarify that :
1. Whether MVAT is applicable on receipt from consultancy.
2. What is the turnover applicable for MVAT registration.
3. If the works contract is 4akh and consultancy income is 2 Lakh, whether VAT registration is required.

Thanks

BY MISTAKE IN APRIL 2011 A DEALER BY OVER SIGHT FORGOT TO ENTER INTERSTATE PURCHASES IN VAT 100. AND ONLINE C-FORM REQUEST ACKNOWLEDGEMENT HAS BEEN SUBMITTED TO CONCERNED CTO. AND HE DENIES TO AUTHORISE THE C FORM. CAN HE ENTER THE INTERESTATE PURCHASES IN SEPTEEMBER 2011