DEAR SIR I WANT TO KNOW THAT
1.WHAT IS THE INTERSTATE PURCHASE,INTERSTATE PURCHASE@ 4%,INTERSTATE PURCHASE @2%AGAINST FORM C AND PURCHASE EX-UP,
2.WHO ISSUE FORM C AND FORM 38
3. CAN I ADJUST CST TAX FROM INPUT VAT OR CST TO BE PAID

Sir my client is started a small business under Vat act last year. His purchases and sales are local only. He is adjusting the input credit on purchases at vat payable. At the ending of the year his turnover does not exceed 10 Lakhs. The Assessing officer disallow the adjusted input tax and he ask to pay the entire collected tax along with penalty of 150% and give the notice that you are not eligible to adjust the input tax credit because your total turnover is less than 10 Lakhs. What is the remidy to solve this issue. They are not covered under compound rate. The tax rate for the similar product is 4%

Is there any time limit for claiming the input vat?

Here is an exmaple........

A company has purchased some goods in the month of Oct 2008 and the entity has not claimed in that month and they have claimed in the month of Nov 2011.....Is this an eligible input vat claim??

Please help

Supposed we are X situated in Mumbai mahaharashtra , we recd order from Z situated in Nagpur Maharashtra, we require to desptch the goods Out-N-Out basis (Sales in Transit) from Y situated in Chennai to Z in Nagpur (Interstate Transaction).

In this case i understand that Y supposed to bill X releasing with E1 form with charging 2% CST and on the same X suppose to bill Z charging Nil CST against form C

Can this transaction shall complete for the E1 base ?

Pls Advice.

I have purchase goods from other state and party demand C form now Which No.(VAT or CST) I have to write in their C form ?

I want to know if i purchased on c form then which no. vat or cst should be written in c form ?



thanks....experts...pls help me

can any one tell me

what is difference between GST & CST

and MVAT & DVAT

with example

Dear Sir,
Our company situated in Maharashtra state & our work going on all over India. My query is if our staff recruitment in Maharashtra head office and they are working in other state which state we have to pay profession tax. And we recruit some staff for only projects then we have deducted profession tax.

Dear Sir,

We are manufacturer and we are selling the fabricated tanks to our customers in bangalore on transist we are issuing Excise Invoice and Delivery challan during transport of materials. Now the VAT offical is insisting us E sugam is must alongwith Excise Invoice and Delivery challan is it correct. Pl give your opinion.

Regards

Hi friends

As per Sr No 2 of Sch B of MVAT Act 2002, specifying list of goods for which rate of tax is 1%, rate of tax on silver is 1%.

Now, i want ur opinion on whether any article made of silver, say a statue, will be taxed @ 1%?
Similarly, if a trophy (for awarding as a prize) is made of silver, then will the sale of trophy be taxed @ 1%?

Pls reply