I have consultancy bill of Rs.400,000/- (including service tax), with invoice date 1-Nov-2011, but for Oct-2011 consultancy fee. I deducted TDS on this invoice @10%. Can i Book it in 31-Oct-2011? In which month this invoice liability booked? Is it consider the liability of Oct-2011? or Nov-2011?

HI ALL,

I WANT TO APPLY FOR MANDATORY MVAT REGISTRATION.

I DONOT HAVE AN SBI ACCOUNT, IS IT MANDATORY TO HAVE SBI ACCOUNT OR THE PAYMENT CAN BE MADE THROUGH CREDIT/DEBIT CARD AS WELL?

Case: i am using some material in work contract service which is purchased from subcontractor and incorporated in work. The contract with customer is in such a way that i am not able to bill the value of above material separately. customer is paying service tax on full contract value under Erection and commissioning Service.

1.During execution of Erection and Commissioning service some material is transfer directly to customer.

Question
1.whether i have to discharge the vat tax liability on such material as transfer of property in goods directly to customer.

2.if yes then the value on which i have to discharge the vat tax liability.

3.Can i used Notional profit of my business to discharge the vat tax liability.

4.If yes, then can i take input credit of VAT paid on purchase of material and only tax liability on notional profit is to be discharge.

5.Any reference in which the Method of discharging the vat tax liability on notional profit has been mentioned

Dear Sir,

We are pvt.ltd company and delaing in trading of engineering plastics (raw material)
Now we have two branch one in Faridabad and second in Vadodara-Gujarat and we are making stock transfer from faridabad to Vaododara for some of the material.

This stock transfer material we are saling to toll compounder company for some job work on duty paid basis and taking it back by mode of purchase.
Now that finished material we are sending back to our faridabad branch. on Form "F" basis.

so from above can we make same material stock trasnfer back to our faridabad office?

please suggest on urgent basis.

Thanks
Roshan Pandya

Dear Experts,

we have issued a work order to a contractor for supply and installation of water system work for a residential project in haryana.

contractor will raise a two types of invoice one vat invoice for supply of material and second for installation work include service tax for installation work.

now question is, is there any wct liability on this contract except tds deduction liability on installation part.

Kindly advise it is urgent.

Regards
Ravinder

Case 1.some material was purchased in gujrat but due to requirement of material at other project site some material transfer from Gujarat project site to Madhya Pradesh Project Site
Question

1.Whether i am requited to pay any tax for this transaction ?

2.Whether it is covered under stock transfer/branch transfer?

3. when goods are transfer from one branch to other is it necessary that both the branch is to be registered?

4.Can i treat this transaction as branch transfer even my madhya pradesh site is not registered as branch?

5.Please give Ref of Applicable section and clause to see the detail of this case?

our firm is indulged in laser printer cartridge "Refill/Refurbished" Business, therefore we purchase all concerned spares for the same @ 5% vat.

Further,We use Tally-based billing format on which we mention job card number in reference portion of the bill and note down all the spares used in a separate register for the issued job card number.

Moreover, we mention the following in description of items
Refurbished Cartridge No : 12a with amount in front and later charged vat 5% accordingly.

Now the question is, am i charging the correct Vat 5% as spares are directly being passed to the customers in the form of job card number, Or should i charge 13.5%?

I have not registered in manufacturing, we are basically reconditioning client's cartridge irrespective of providing New with shell,hence forth the motto of the firm is to provide service to the existing one. should i also get myself register in manufacturing?

Kindly let me know, i would be grateful if assist by few experts.

Sir

I Nagesh Naik working in Ltd Company in Mumbai.

In Mumbai we are paying vat under regular scheme.

Our internal Auditors told us that we cant taken VAT set off for the material booked under Safety Material Purchase & Consumable Purchase Accounting Head.

In Fixed Assest item we are taking setoff for the material which is used at Site. But as per the Auditors that also we cant take.

Kindly help me in the matter.

can MVAT credit be claimed on fixed asset, if the VAT component is capitalised and depreciation is being claimed on the same.

sir, i want to file dvat 38 but i want to know the process and requirments to file the dvat 38. so, sir pls tell me as soon as possible
thanks