This Query has 3 replies
Dear Sir,
We are manufacturing company. Tamil nadu commercial Tax officials conduct the Surprise Inspection to our company.
At the time of Surprise Inspection the official taken the stock diff value in following format.
Verification of Stock of goods held at the time of inspection compared with books of accounts it is found the stock difference value of Rs.71,15,133/- for which sales suppression arrived at Rs.7,7,202/- by adding G.P@8.26%. the details are as follows.
1) Stock that should be as per A/c. ----- Rs.4,52,62,627/-
2) Actual Stock Found ----- Rs.4,45,47,494/-
3) Stock Diff found ----- Rs.7,15,133/-
4) Add G.P. 8.26%. ----- Rs.59,070/-
5) Sales Suppression Involved ----- Rs.7,74,202/-
6) Tax involved @14.5% ----- Rs.1,12,259/-
in this situation the Stock diff value 1.58% (7,15,133 / 4,52,62,627 ) only.
what is the % applicable for the Manufacturing industry stock Diff acceptable by the TN VAT Act & also please send the details of the notifications.
Thanking You,
R.Iyappan
Cell: 9894818701.
This Query has 1 replies
HOW TO APPLY VAT NUMBER AND CST IN WEST BANGAL .PLEASE TELL ME THE PROCEDURE FOR APPLYING VAT NO.IN WB.
This Query has 3 replies
Dear Sir,
Please Help Me
A is Dealer of Delhi
B is Dealer of UP
C is Dealer of UP
B Order to A for Any Good against Form-38 and C,
But Goods consigned to C,
and A raised Bill to B with CST,
and B raised Bill to C against form -C Separately with some moraine without any tax
if i B then how to show this sale in Vat Return
This Query has 1 replies
Dear Expert,
I wanted to know that when is a registered dealer required to file monthly returns under Gujarat VAT act? And if the said dealer is required to file monthly returns, then which forms shall be filed.
Waiting for your reply.
Thanks.
PS: I have already referred to VAT rules pertaining to return uploading. But being unable to interpret the language, I thought it would be better to ask for an opinion on this forum.
This Query has 5 replies
Dear Friend X has sales tax registration in Delhi but he has a godown in Haryana. Now X sells goods to Y in Delhi. Goods are sent from Haryana godown to Y. Will this be interstate sale or vat sale? Does X has to take separte sales tax registration in Haryana because he has a godown there?
This Query has 2 replies
Dear Sir i have purchase(Import) a machine for my business use for manufacturing a product from america . can this machinery shown in my sales Tax Return of that Quater...
This Query has 1 replies
Hello Experts I want to star selling product online on amazon and flipkart. I have no physical store or office. Now i want to apply for VAT CST in maha. So what are the process, documeant and fees to get VAT?
Thank you
This Query has 1 replies
I am Trader in Delhi and i am purchasing goods from Rajkot in 2% Cst, and from Rajkot directly suppling to customer through Transport and making Invoice in 2% CST, so i have to pay the Vat to Delhi Goverment, or there is any solution for us in better way
This Query has 2 replies
Please let me know whether mentioned of Customer Name and other details like address etc is mandatory in the tax invoice if the invoice value is less than Rs-2 lacs( for jewellery industry) or just mention cash instead of customer details. If mentioned of name and other details is mandatory then please ref the sec where it is mentioned.
Regards
Amit Nandy
This Query has 2 replies
Dear Sir,
we are a mvat registered dealer in maharashtra in navi Mumbai. We were registered ourself for online on mvat site by ex employee, now we dont have the Login Detail as well as secret question to revoke the password.
Please guide us to revoke the password.
Thanks in Advance
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Surprise inspection -stock value diff - reg.,