Suppose we are X situated in UP, we receive the order from Z situated in Delhi, we require to dispatch the goods Out-N-Out basis (Sales in Transit) from Y situated in Delhi to Z in Delhi (Interstate Transaction). In this case Y supposed to bill X releasing with E1 form with charging 2% CST and on the same X suppose to bill Z charging Nil CST against form C. Can this transaction complete for the E1 base?

As first party and third party both is situated in the same state.

Please suggest me………

As per the provisions of vat laws which invoice(tax or retail) should be issued for replacing goods under warranty and what value should be shown in the invoice.

I am importer of Lead Acid accumulators (battery) which are being imported from different countries. The material is unloads as Chennai port and we get cleared all the material from the customs. Now my query is this, after clearance of material our goods starts from Chennai port for Punjab state and on transit if the same material is sold out to a person in other State then what will be the CST implication on the purchaser or seller.

what is composition in vat returns can you please explain

Hello Experts,

We have received sales tax recovery notice for Rs.2,50,000 for the period of FY 20001-02.

As we were not having any domestic sale during the said period we have not attended the hearing & overlooked the same.

Now sales tax dept has attached our Bank accounts for the said amount. after this we have made an appeal & got the Interim stay order against this notice.This stay order has also been expired few days before & now sales tax is not giving any further extension to stay order. We are very much worried that Bank will issue a DD to sales tax for the said amount & we will loose this amount.

Please note that actually we are not liable to pay any sales tax as no sales where there during 2001-02.

Please advise if bank issue a DD to Sales tax dept, can we still get refund of the same ? Can we adjust against our future VAT / CST liability ??

Please advise at earliest.

Thanks a lot in anticipation.

Unit manufacturing and sourcing most of the inputs from the state on payment of VAT. The Sales are mostly CST and Export and very small portion within State. In almost all the months, there is refund of VAT due and the same is carried over till year end and refund is claimed at the year end. In this type of Sales, is a comprehensive return covering all the above transactions - VAT Purchases, Interstate Purchases, Imports, purchases without payment of taxes, - Sales mentioning VAT Sales, CST Sales and Export Sales and mentioning the refund due is okay? Dept. mention about submission of Form 21J for refunds - In the present case, for what amount of purchase should the unit submit 21 J - Is it only for the amount of refund it claims or for the full VAT Purchase?

The VAT/CST Assessments of earlier years ( 2001 -2005) are taken up now and demands are issued for certain lapses like Forms not submitted, rates of taxes are different etc. Can the Department demand interest also with this demand? When we can take up the issue of Limitation Act? If the Assessments were taken up in the respective years, the assessee would have paid the dues that year itself. It is not the fault of assessee? Can we fight on this ground?

Similarly, the Department is not taking up the assessments for VAT. Will the assessee be entitled to refund of interest also from the due date and if so what is the due date?

Dear Experts,

We have a 100% Export Oriented Unit in Maharashtra. Can We Purchase Capital Goods, Ram Material against "H-Form" (Vat Nil Against H-Form) from Indigenous Suppliers.

Plz Tell me.

Thanks & Regards
Sushant Todkar
sushanttodkar@ymail.com

Dear Experts
Please let me know the time limit for issue of 'C' form

Please let us know the VAT or CST applicability on finished goods kept in factory which was destroyed in a major fire accident. While making the Insurance claim, only the cost of goods were made and insurance company reimbursed the cost of goods lost in fire. Please let us know the tax implications, if any on this.