i want to understand whether sale of capital goods under Rajasthan vat is liable to tax or not?
eg: I have sold motor Vehicle. the said motor vehicle had been purchase in retail invoice on 30.3.2007 and taken in our balance sheet as fixed assets and we regularly claim depreciation on the said assets. I have not taken any input tax credit at the time of purchase. Today i want to sale the said vehicle. Let me know whether we have to pay vat or not? pl clear the provisions of law


Thanks and Regards
Mukhes Khandelwal
30/06/2011
9828242065

Dear All,
I would like to know whether a builder who has charged Vat @ 5%(in Maharashtra) under composition scheme since there was no option left to the builder then. Now for the same project whether a builder can charge vat @ 1% on agreement registered after 01.04.2010.Please advice.

Pls. clarify

We have our Manufacturing unit in Bangalore
& other branches all over India.

Under KVAT We buy goods(including Fuel)
@ 4%, 12.5%, 13.5% & part of the stock will be sent to other branches as stock transfer against Form-F.

1. Whether We are eligible for taking input credit on purchases fully or if not than how much input tax we have to reverse against stock transfer.
2. If so pls. give the relevant section & rule details.

Plz reply me soon.
Thanks

what is composition in vat returns please explain it.

hi all,
here this is ranjith vat on scrap is collected in the year 2005-06. for the a.y 2006-07 and 2007-08 vat is not collected on scrap auction. the value is about 80 lakhs. and for the a.y 2008-09it is collected normally.

can u suggest the corrective measures for this and guide me the proccedings.

Dear sir,
Can we claim input credit of VAT paid on purchase of capital as per Karnataka VAT,
If yes How?
What are the additional requirements for this?
Is there any separate forms for filing this?
Do we need to keep any additional register for that capital goods?

Thanks in advance

A Co whose bussiness is just aquaculture & not processing the fish. they just cultured the fish & sold to other companies so whether Vat will be applicable on that sale or not?

The above ans may be NO. then in that case what about Vat credit received on Material rece by the company like printing & Stationary & other can they claim refund of such vat credit or they have to exp out that vat amt?

Whether they have to file Vat Return or not?

Hi, One service industry, is transferring the unit and selling the assets, whether VAT need to be registered and VAT is charged for this one time sales invoice.

ple let me know about the Procedure of VAT return filling and about the Forms required to be filled.

Dear all

We had done a civil work in SEZ Unit
The contractor had deducted WCT
Is their any exemption for work done in SEZ under KVAT
Please suggest

urs
purna