My Vat liability for the month of April is RS 460500/- I paid vat amount on 25/5/2011 , Please calculate the exact amount of interest which I have to pay? because I am confused Int.@1.25% p.m should be devided by 365 x 5 or divided by 12

Dear Experts,
We had purchased AC's from voltas Mumbai unit in Feb 2011 but we received the invoice in May 2011 now my doubt is 'c' form has to be issued on what date i.e invoice date (or) received date please advise me and can i enter the bill in the month of May in my books of A/C's

thanks in advance

We are a trading firm at Delhi and have received a confirmed order from the unit situated in SEZ. The SEZ unit is exempted from paying CST on purchases from us. Now whether can we claim exepmtion under CST or DVAT on the supplies that will ultimately be sold to the SEZ unit as exempted sales. Meaning thereby that whether we can make exempted earmarked (for the SEZ unit only) purchases and then sell those earmarked exempted purchased goods to SEZ unit without charging any CST? The purpose sought to be achieved is not to pay CST/DVAT on the purchases and then not to charge CST on the sales to the SEZ Unit. Thanx in advance.

Hi any one can help me.
I am working in a engineering design company, so there is only service revenue. no purchase and no resale. So i am confused what is the entries for sales and VAT journal entry. Give an example.
Many thanks in advance

We are a trading firm and have received a confirmed order from the unit situated in SEZ. The SEZ unit is exempted from paying CST on purchases from us. Now whether can we claim exepmtion under CST or DVAT on the supplies that will ultimately be sold to the SEZ unit as exempted sales. Meaning thereby that whether we can make exempted earmarked (for the SEZ unit only) purchases and then sell those earmarked exempted purchased goods to SEZ unit without charging any CST?

plz explain the process of e-filling of vat return and vat e-payment.

Dear Sir,

We are a regd dealer of Gujarat. On our product, Gujarat VAT is 1 %. And similarly CST is also 1 % agst C Form.

One of our Out of Gujarat Party says that we can bill them with 1 % CST agst C Form. But cannot demand C Form as on this item, rate of Tax, i.e. VAT & CST is similar-1 %.

Is it true ? If so, pl. provide noti. no. etc
thanks
anckoora

Hi,
I just wanted to know what is the limit of Turnover for VAT Audit in Maharashtra for F.Y 2010-11.
Since, the limit for Tax audit has been increased, whether the same is applicable for VAT Audit also, because you have to provide details of Tax Audit while submitting form 704.

Regards,
CA. Sumeet Tated

One of Our Client is "A" engaged in the Hotel Industries.

He has abtained the GST no from Department in the Category of Lumpsum Payment of VAT. Now in this Category they are not eligible to buy the Products from Out of Gujarat and if they do, they loss the benifi of "FORM C" as they are already enjoying benifit under Lumpsum scheme.

Now they want to buy some Fix Assets from Out of Gujarat & they need to get the CST registration.

Now my question is If "A" applies for the CST, can they enjoy the Benifit of Lumpsum Scheme ?

If yes on what base ? And if "No" , so what is the other Option ?

SIR I WORKS IN GARMENT COMPANY SELLING CLOTHE WE PURCHASE A CAR FOR SELLING & TRANSFER GOODS FROM BRANCH TO BRANCH ,CAN WE SET OFF INPUT VAT OF CAR PURCHASE AGAINST OUT PUT VAT SELLING CLOTHE ,IF YES THEN HOW