Dear Sir

Pls Advice me


NMK Textile is buying Cotton greige fabric from various Mills In India and getting it Dyed & Processed in Western India and South India. NMK is also buying processed / dyed fabric from Mills. The end use of these fabrics is Made Ups – (Bed Linen, Pillowcases, Duvet Covers etc). The dyed fabric is brought to NMK’s factory in Bhiwandi and it is cut, stitched and packed to be exported to other countries.

Now NMK wants to enter the domestic retail market and sell the following products under a Brand.

a) Mattresses
b) Pillows
c) Made Ups – Bed Linen, Duvet Cover, Quilts, Comforters etc made of Cotton and other material such as Silk, Polyster etc
d) Beds (with Electrical Motor)

NMK will either import these products from South Korea and China and / or will also manufacture these in India.

NMK is entering into a tie up with departmental store in Mumbai where these goods will be sold from that departmental store as a shop in shop concept. The address of the departmental store will be shown as additional place of business. Apart from this NMK also intends to open its own store in Mumbai.


Queries

1) Please advices under what Chapter will these products fall in VAT and what will be rate of VAT if it is not exempted?

2) If it is taxable will the company get to set off the VAT which is paid while importing? OR is there any other way to save the same?

3) Company wants to open stores in other cities also besides Mumbai - how will one plan the VAT liability if it imported in Mumbai and then send to various stores in India? Also will there be a separate registration required in each of these states?

4) What are the records/forms to be maintained?
a) When goods are sold within Maharashtra from either departmental stores or company’s own stores?
b) When goods are transferred and sold from other states?


Regards
Praveen

can anybody give me the circular / notification no through which the audit uner mvat is increased to 60 lacs.

Dear Sir,
We are a manufacturer in Gujarat having VAT TIN no & CST No also. We sell to Out of Gujarat Parties under C Form. To obtain C Forms against this sale, do we have to apply in VAT dept of Gujarat with details of our Out of Gujarat Sales ? OR our customers at out of gujarat will apply in their VAT dept to obtain C Forms for us ? If so, will that state's VAT dept will send this C Forms to Gujarat VAT Dept and then it will be given to us by Gujarat VAT dept ?? I am confused. SIMPLY, TO GET C FORMS FROM CUSTOMERS, WHAT WE HAVE TO DO ? (A)TO ASK OUR CUSTOMERS FOR THAT ? (B)TO APPROACH GUJARAT VAT DEPT FOR C FORMS ?
thanks in advance
anckoora

one of our client makes noodles from maida. he purchases maida on which vat is charged. from maida he makes noodles. he collects vat on sale of noodles.

my question : can he avail input credit of vat paid on purchase of maida?

Sir, our Form 38 loss by courier service.
i want to know that how can we inform ST department (UP Trade tax)for lost of Form38. it was loss during the sending to party that means loss before reaching the party.

Please reply soon as we already late to inform ST department.

if a company purchase any material out of the west bengal and sales the goods in west bengal then which type of purchase is it? and which form should be used?

If a company sales the goods out of west bengal then is it called CST sales and if that then is it possible to set off input credit of VAT

hi,

Pls confirm if we can take input in following case

Purchase from supplier in bangalore & invoice raised from bangalore to chennai customer. in this case can we take the input of purchase invoice if not possible any other remedy. pls suggest

Thanks & rgds
Hariharan

Under MVAT,if Turnover of purchase/sales during a F.Y. exceeds Rs. 5,00,000/- then dealer is required to get him registered % charge tax i.e. no tax till the sales are upto 5 lacs.

My Question is-
If there were no sales during 1 quarter & in 2nd quarter by virtue of 1st sales invoice only turnover gets exceeded 5,00,000/- then a dealer is required to pay tax on the amount by which the turn over has exceeded or the entire sales amount?

As per our company's nature of works,we are installing machine at customer place. Is there vat is Applicable? at what rate? If under works contract,then what is the tax structure?

At present,we are making invoice with words machinery rental charges and charging the service tax @ 10.3% on total value.

AB LTD is a construction company , its H.O. is in kolkata (W.Bengal). The company has purchased Material from Bimal pvt ltd (Address - Jharkhend). As per direction of AB ltd , Bimal pvt ltd send the material to the Orissa in which construction work is runing.

Tax Invoice of the Bimal pvt ltd :-
Buyer - AB ltd , kolkata , west bengal.
Consignee - AB ltd , Orissa.

Please tell me the in which State C FORM to be issue to the Bimal pvt ltd.