Sir,
We have purchased goods from a registered dealer in 2009-10.Subsequently they have closed down and have not paid their dues to sales tax department(Maharashtra). However we had checked in the sales tax site of Gov Of Maharashtra that this Party was an active dealer in 2009-10. We have paid all the bills of this selling dealer.Now that he has closed down and his dues are not paid can the authorities ask us to pay the sales tax input that we have claimed while filing our return for 2009-10.
Kindly help out in this issue.
Regards,

We have imported machineries from china and made contract wih the company that they will send their highly skilled professionals for the term of 1year for producion of finished goods ready to despatch from their machinery installed. MY Query is what are the taxes applicable on such contract? They will raise their bill with 17%vat in Dollars on us, Is this vat can be taken as credit or not? Please solve my query as it is urgent.Thanks & Regards.

We have imported machineries from china and made contract wih the company that they will send their highly skilled professionals for the term of 1year for producion of finished goods ready to despatch from their machinery installed. MY Query is what are the taxes applicable on such contract? They will raise their bill with 17%vat in Dollars on us, Is this vat can be taken as credit or not as we are manufacturing unit? please solve my query as it is urgent.Thanks & Regards.

To,

All Experts

If Buyer is within Maharashtra state and consignee is out side Maharastra state.

But buyer is asking to levy 2% CST instead of 12.50% VAT.

Kindly explain me in detail which sales tax will be applicable.

Matter is most urgent

Thanks

Dear Sir,
We are manufacturer in gujarat, registered under VAT & CST.
We have sold goods to a party who will export those goods. We raised our invoice to that party mentioning Sale under Form-H and charged NIL tax. Is it O.K.? Or we have to charge VAT applicable to that goods ?
regards
anckoora.

PLEASE ANY ONE TELL ME THAT MY QUERY IS

I AM ISSUED THE BILL IN THIRD QUATER RS 18
LAKS AND I M ALSO RETURNED FILE IN MY THIRED QUATER AFTER THE QUATER PARTY DEDUCTED THE AMOUNT AGAINST THE RATE DIFFRENCE THEY ISSUED DEBIT NOTE IN 7 LAKS SO.PLEASE TELL ME WHAT SHOULD I DO WHAT IS THE ENTRY PASS IN MY ACCOUNT PLZ HELP ME

We are charging Railway 5% cst for supplies made to their consignee shed.

Their sheds are all over India .This rate of tax is as per 3rd schedule of vat effective Jan this year , tax was raised from 4% to 5% refer item no. 56 in the schedule delhi vat act.

Even for material going to Delhi we are charging CST5%.

Since material is going to Delhi and bill is also raised from Delhi , is 5% cst head correct or this sale ?
Are we charging the correct tax (cst 5%) or we need to change it to local 12.5% /local 5%

Will appreciate your input on the subject.

hi,

Pls confirm if we can take vat input in following case

we have Purchased from supplier in karnataka & we raised invoice from karnataka to customer in tamilnadu & this sale will booked as CST sales so in this case can we take the input tax of purchase invoice made by us if not possible any other remedy. pls suggest

Thanks & rgds
Hariharan

i have filled vat return on 20.02.2011 made a payment of5.89 lakhs but, cheque has bounced, whether i have to pay penalty along with interest? how much i need to pay penalty and interest please advise me

i have filed evat return on 21-3-2011 for the month of February 2011.But i have not paid the payable amount in any way.

i am planning to pay the payable amount by 31-3-2011. Shall i pay interest on payable amount. If i further delay upto 30-4-2011 what are the consequences.

kumar