Hi,

My company is a paper manufacturing company in Tamilnadu. Now they want to purchase waste paper from un registered dealers. The un registered dealers will not give proper tax invoice. In this case we have to pay purchase tax which I agree. whether I can claim the purchase tax paid by us as input tax credit.

Kindly help.

N.Nagarajan
Palani

My question related in Gujarat VAT

Output CST = 24082
Less: Input CST = 18747
Payable = 5335

Output VAT = 279054
Less: Input VAT = 171836
Payable = 107218

NET PAYABLE = 101883(107218 VAT - 5335 CST)

My above mention calculation is true? if false than give me the right calculation.

sir! my turnover of sales for the period 1st april 10 to 30th june 10 is Rs. 500001/- & for the same period turnover of purchase is Rs. 1000000/- (in which i have paid vat Rs. 80000/-) i have applied for registration on 5 jlly 2010.How i will fill the return form & get the credit of excess vat which i have paid at the time of purchase.... is it possible to get credit of excess payment of tax....pls guide....

PLEASE HELP ME IN URGENT ..REQUEST..........................WE THE CIVIL CONTRACTOR OBTAINED COMPOUNDING PERMISSION FOR EACH WORK IN 4D FROM THE DEPARTMENT. IN THAT 4D FORM BOTTOM SIDE CONDITION (2) PRINTED AS "PERMISSION -HOLDER SHALL NEITHER COLLECT TAX NOR CLAIM INPUT TAX CREDIT ON TAX PAID INPUTS.
SO INPUT TAX CLAIM IS NOT ALLOWED.-AGREED.

THEN MY DOUBT QUESTION IS WHETHER CAN WE COLLECT COMPUNDING TAX (3.03%) FROM THE AWARDER ?? AND HOW WE WILL SHOW IN 8CA INVOICE BILL?? (NOTHING SEEN IN THE ACT )iF SO PLEASE GIVE ME ADVICE & DETAILS

Y ( Maharastra) order to X(Karnataka)for some manfacturing goods & says the goods should be delivered to Z of Tamil Nadu.
X makes the CST bill to Z and in the invoice writes on behalf of Y. The amount is paid by the Y.

1.Whether the X is eligble to collect CST?
2.Whether X has to issue the E1 & to whom?
3.How to reflect the transaction in the VAT-100?
4.Who has collect & issue which Form ?

Dear all,

I am the Electrical material dealer in Chennai. I purchased goods from Chennai with Vat 4%. But I supplied the materials to Vijayawada. In this I charged CST 2%. against Form C.

So what is the proceedure to claim my Paid Vat amount.

ThankU for advance.

Sir facts relating to my query for A.Y. 2005-06 are:

Sales subject to VAT Rs.10,00,000
Consignment/Branch Transfer Rs.5,00,000
Total sales Rs.15,00,000

Total Purchases (4% + 12.5%) Rs.10,00,000
ITC on above (4% + 12.5%) Rs.1,00,000

Now i want to calculate the reversal amount (apportionment for branch transfer)??
I am little bit confused over 2 methods which are:
1st method:
Reversal amount= 1,00,000*5,00,000/15,00,000 = 33333

2nd method:
Reversal Amount= 5,00,000*10,00,000*4/15,00,000*100 = 13333

PLEASE SOLVE MY QUERY RECITING APPLICABLE RULES AND TAX LAWS.

AS OUR ORIGINAL & DUPLICATE C FORM HAS BEEN BURNED IN FIRE WE HAVE TAKEN ZEROX COPIES OF C FORM FROM OUR CUSTOMERS I LIKE TO KNOW IS THERE ANY CASE LAWS FOR ALLOWING COPY OF C FORM PLS. LET ME KNOW

Mr. X wants to sell some computers to a school. But the school authority says they will not purchase the computer from Mr. X as he does not charge VAT on the Sales. Actually Mr. X has not obtained VAT Tin No. The turnover of Mr. X is around Rs.1 Lac. What can you suggest for Mr. X? Should he register under VAT?

One of the person wants sell to goods from Head Office of one state to it own Branch office of the other state against the C Form so as to save some local state taxes it possible under the CST Act, 1956 ?