sir i m doing audit of a firm where there is interstate purchases,,, of which they do entry : puchase a/c dr
cst a/c dr
to party
which is perfectly OK
i want to know what will be the treatment of purchase return,,within 6 months and beyond both... what vl b the journal entry of that with example if possible


plz rply soon its urgent

Goods are exported and store in the bounded godown of custom and directly sell to the purchaser, in this type of transaction vat is applicable or not????

Dear Experts,

We have a shoe wholesale & retail business started recently in Bangalore. We purchase from other state and sell for govt office & pvt factories.
1. Local tax @ ?
2. Against C formCST @ ? .
3. Without C Form CST @
4. E-Sugama is mandotory

Thanks in advance

Dear Sir
We are working in Uttar Pradesh as a contractor of civil work. Suppose 3 parties are involve in this project.

Party no. - (A)(contractee) has award the contract to (B) and deduct the TDS(UPVAT)@4% on payment and

Party no. - (B) has sublet the contract to C (Rate fix)

Now my question is whether B will deduct TDS on payment made to C or not ? If yes then what will be the rate of TDS(UPVAT)? (Both B and C are in compounding scheme)

Please clarify.

sir,
one of our client have licence for sale of Indian made foreign liquor in permit room, but late to take registration under Mvat.
My question is that,
1) can we take entire set off on purchases of liquor during the unregistered period?

also as per act such kind of assessee compulsorily take registration for vat without applying rs. 5 lacs turnover critaria under MVAT Act,
question: now we apply for VAT registration lately ,
is it necessary to produce sales and purchase details before sales tax officer while applying for registration?

SELL OF GOODS DIRECTLY TO PURCHASER WITHOUT PAYING CUSTOMS DUTY ON EXPORT GOODS, IN THIS TYPE OF TRANSACTION VAT IS APPLICABLE OR NOT????

it is understood that depb is included in the definition of goods in TNVAT ACT,2006.Now, it is clarified vide Lr.No.VAT CELL 33859/2007(VCC NO.833)Dt.28.06.2007 that if the petitioner resold depb license, they have to pay 4% tax and avail input tax credit since they are not using the scrip for their own purpose.
i want to clarify here that why the term resold has been mentioned here and what is the significance of this term here.
it is understood that exporter is entitled to depb scrip as incentive given by govt.to him.
if the exporter has sold the depb to another party instead of using that scrip in his own business to another pary,it is the first sale by him.whether this first sale attracts vat 4% Since in the circular the term resold has been used and this is only first sale.

suppose we have purchased depb scrip at erode,tamil nadu from a broker in west bengal, and he has got an office at chennai also. the party has sent the scrip through a courier from chennai office and he is raising a debit note from west bengal and he is not claiming either vat or cst since he is of the opinion that vat is exempted in west bengal vat act,2003 as the depb scrip has been specifically exempted in the schedule(entry 11A).Now whether the opinion of the party is correct.i just want to clarify that movement of the scrip has taken place within tamil nadu,then why he is not claiming vat 4% since depb scrip is not exempted in tamil nadu vat act. secondly, in case if the party has sent the courier from west bengal office itself, then whether cst 2% is applicable for depb scrip or cst is also exempted if it is sold from west bengal itself.

Dear Sir,

what is VAT Computation? How it can be done?
is there any limit for carry forward amount?
amended rates of vat,ST,TDS,CST for the assesment year 2011-12 or please provide any link for it

pease help

Dear Expert(s)

I am selling goods from West Bengal to Jharkhand charging CST @2% or CST @4%

Whether the purchaser is liable to pay any purchase Tax. if yes, at what rate? Please mention relevant section.

Thanks