Hi,

Can someone please update me regarding the interest rate for late payment of tax under DVAT?

A normal dealer of Karnataka State who is using the truck for his business for carrying goods sold after three years of purchase and at the time of purchase he is not taken any input credit whether he is liable for VAT on used truck sale.

Dear Sir,
I am working as an accountant in a manufacturing concern. We had bought a machinery in against C form. My question is that we can purchase fixed assets against C' form or not. If yes, how to make entry in tally software, that fixed assets purchase against c form. Please suggest me at the earliest.
Thanks & Regards,
Ramesh Kumar

Sir if I buy goods interstate and make a sale within my state by courier or over the counter , what tax so I charge my customer ? VAT or CST , What about the input and output differences in the tax if any

suppose a dealer in mumbai sells and issues invoice to another dealer in Mumbai.. but the delivery is made to the buyers godown in goa.. what will be the implication??

what are the merits of vat

Dear Sir,
We are the dealer registered under U.P. VAT ACT. Whether we can sign our computer generated tax invoices via digital signature.
. Or doing so can cause us problem, as there is provision for signing vat returns via digital signature in the VAT Rules however there is no provision is found in the act/rules, regarding the signing of tax invoices via digital signature?

Please advise me.

Which Method is Correct for vat(Say 12.5%)

1)Goods amount 90
Vat@12.5% 11.25
Round Off -0.25

Net Payable 101

OR

2)Which Method is Correct for vat(Say 12.5%)

Goods amount 90
Vat@12.5% 11 (actual 11.25 but round off to 11)


Net Payable 101

Dear Sir please tell us Trunover declaration in Vat Returns for expample I Have received Rs 50,00,000/- bill amount + 5% Total Receipt = 52,50,000/- then the turn over is before vat or with vat shall I declared in vat returns

I applied for the TIN in June 2015, but till now neither Inspector came (because of wrong ward) nor I have got RC... So now I want to get my DVAT registration cancelled... what should I do??