My client has his own IT Industrial unit. His main products are Soft-wares ( as per customers requirement). Thus his machinery and equipment are Computers and peripherals only.

My query is whether VAT on computer purchases and its repairs is eligible for 100% set-off. If not then on what ground ? Is there any specific notification available stating the dis-allowance fully or partially ?

This is regarding VAT in Maharashtra State.

A company is in business of Consulting Engineers all employed peoples are civil engineers and architects. They are doing CAD designs but some time they get contract and while completing contract they takes purchase bills from suppliers which is RD and taxed under VAT hence they have to deduct their TDS under WCT and issue in Form 402 for this whether they have to register under MVAT ACT and if yes under VRS Scheme or any other special scheme is there for such cases please suggest

Dear all,
I m going to start a business for Distribution of Drugs in whole U.P.state. We purchase the drugs from uttarakhand & himachal as a consignment.we created a pvt company for C & F to manage the distribution.Further i have taken a business premise in Delhi as a distribution center for the stock.
Now what i want to know what is the formalities to be done in respect of purchase & sale of the drugs.Such as TIN No., CST No. & any other to be required.
so kindly suggest me in details.

Hoping for a fast & sound reply.

Regards
Pankaj Kumar
Mob-9716972838
E-mail-pankaj120@yahoo.co.in

From 01.02.2011 onwards I understand that E-Sugam form to be sent along with the invoice copy of the material while transporting.The 10 digit unique number to be generated by the buyer or the seller.Now our suppliers are asking us to enter the details in the system and send the scanned copy of it.Clarify who should do this activity.

Dear Sir,
I have electronicaly uploaded an audit report on say 18-01-2011 still can i submit the physical copy of audit report & acknowledgement on or before 25/02/2011 or it should be filed up to 10 days from the date of e-filing.

Regards
Suneet

dear sir/madam,

kindly tell the andra pradesh interstate sales tax rate of packing material without exemption of c form.........,

kindly help me how to get above information...,

An Assessee pur Capital assets Exclude (Passenger Vechile)In rs. 1,00,000 and Vat @12.5% is rs. 12,500.let me tell us what would be treatment of capital assets in books of a/c. whether vat should be seprately claim by assessee in vat return.
Because as per AS 10 (Valuation of fixed Assets) says that any exp incurred for aquring of assets would be capitalised.
reply fast

Sir,

We have filed vat returns for the F.y.09-10 & also from April 10 to Dec.10. But due to misguidance the setoff was not claimed.

Now we have to file the revised returns for the F.Y. 09-10 & also From April 10 to Dec 10.

Can anyone guide me as per Tamilnadu vat act/rule can the revised return will be filed and what is the time limit for the same.

if i make local purchase of raw material & send finished goods to our branch in other state . can i use vat credit in our sale tax return

Sir,
Plz. reply.
One works contractor got work in three states at a time, Will they register in three states along with their state and where they will pay tax for all the three states?