HI
THERE IS A QUERY ABOUT OUTPUT TAX SALE OF CAPITAL GOODS WHICH IS EXCLUSIVELY USED FOR B'NESS.
MY CLIENT HAS NOT COLLECTED OUTPUT VAT ON SALE OF CG -MOTOR CAR FOR rS 350000.
NOW QUES. RAISE THAT HOW WE CAL. OUTPUT VAT ON CG
ALT 1-350000*13.5%
=47250RS
ALT.2- 350000*13.5/113.5
=41630

WHICH ALT. IS RIGHT.

PLS REPLY FAST.
ITS URGENT AS TODAY IS THE LAST DAY FOR VAT AUDIT.

My uncle has a business named " Jaiswal Sales Agency" and he is filing a return timely. Also, i have seen in the website of Sales Tax i.e, www.wbcomtax.gov.in..that My shop name " Jaiswal Sales Agency " is on the list of Deemed Assessment.
I wants to know what i have to do, to remove the name from the list of Deemed Assessment. Also, What is deemed Asseement.

Is any ITC available on the inputs to be used in generation of electricity...

ESPECIALLY REFRACTORY MATERIAL AND BED MATERIALS....

Is it possible to file an RTI for non-receipt of C form?
I had applied for C form for one of my clients in October 2010 at Mumbai Mazgaon office and after several reminders and follow up, they have still not issued C form on one pretext or the other. The client is regular in terms of payment and filing of returns and has never defaulted on this. There is neither any other faulty technical ground for their refusal to issue.
It is frustrating now and my client's suppliers have already sent debit notes for differential VAT for no fault of theirs.!!!

Can any one please tell me, what are the documents required for Vat registration of a company in WEST BENGAL

Is vat applicable on hiring of tentage items like furniture, shamiana, waterproof pandal lighting arrangements etc.

Thanks

One of my client has a business of installation, repairs of cooling towers. VAT & Service tax both are applicable to them. Please any one tell me whether VAT Audit is applicable to him??? His turnover is exceeding 60 lacs but i m confused whether VAT Audit is applicable to Works contractor for installation of cooling towers.please provide any supporting or proof with your answer....plz its urgent....
Thanks in advance

Dear Sir,

I am a PVC Bag Manufacturer. My factory is in Maharashtra. I am selling these material to one of the exporter whose registered address is Ahmedabad and raising invoices on its registered address. But its one of the manufacturing unit is in Maharashtra and hence i am providing these matrial to maharashtra unit. In this case my sales is treated as a "Interstate Sales" or Treaded as a "Local sales". Please advise.

Please note that i am not providing theses PVC bags to ahmedabad

Regards,
Shrishail.

Can anybody pls tell me the eligibilty period for claiming refund of Input Tax credit on capital goods remaining unadjusted at the end of the Financial year

hi,

can someone tell me whether vat is levied on service charge also? i went to Pizza Hut and its billing structure was such that it took service charge @ 10% on the value of goods we consumed and then charged 12.5% vat on the entire amount, i.e. on value of goods consumed and the service charge. Was the billing structure right? and if yes, won't it amount to double levy? because on service charge they have taken vat, and they will pay service tax also on the same.

Again they charged 2.5% extra vat on the whole amount giving reason that the vat rate applicable for international food chain is 15%. is that so? i mean if it is operating in Gujrat, (My residence) are the vat rates applicable in the state are not applicable to them?

in and around they charged about 24% extra.

please clarify.