one of my clients they are into the business of rental business.

and they have given one machinery on rent. but they are charging VAT on it.

my question is, whether the VAT will be applicable for rental goods also, if yes i want to know the concept of VAT....

Hi,

We have lot of pending C forms receivables from our Dealers (Buyers), so we have decided to raise Debit notes to all of them who have pending C forms for the F.Y.2008-09 & 2009-10.

So, the Debit Note amount would be the difference of CST amount.

Is there any additional Interest or penalty should i need to claim from them???? If Yes, please show me the calculations......

Is Road permit required to send packing material to Faridabad from Delhi,and wat the minimum amout for wihich Road permit required ?

Hi friends this is Siva pursuing cwa nwely registered in ca alub as a member.I am working as an Accountant in OmSai Thermax Engineers which carries works contracts in mes recently got an order from DRDL worth Rs 41,00,000/- now what my question is for this contract whether i have to opt Composite Scheme Or Non composition scheme for VAT payment.The contract is installation, testing and commissioning of AC's and for this contract the input vat on purchases will be approximately 3,50,000/- and also we recive Form 501 from the contractors. Please advise me with the suitable answer it's very urgent

I have started contract works of Building Elevations for Government buildings, They are deducting vat @ 4% on contract amount. I want to know do I need to any additional amount as I am already paying the vat on purchases as well.What is the procedure for composition scheme.

Thanks

my first question is whether VAT is levied on octroi?

and my other qustion is if octroi no shown on invoice but octroi paid at post, and debit note is raised for octroi recoveries from customer, will this recovery be vatable??

Dear Sir/s

I am a painting contractor in Bangalore. My Vat is under composite Scheme i.e. @ 4% Rate. Do I have to include labour charges with the materials used for painting? The Govt. Department insists that I have to charge the tax only for the materials used to painting but not labour. Kindly clarify weather I have to charge the vat for for labour and materials together or only for the materials.

Thanks,
Muklhtar Ahmed.

Dear Sir/Madam,
I wish to know some basic things about CST.i.e. Actually who will get the Tax amount of CST? whether the concerned State Govt or Central Govt.?
Why the CST only Lower rate when compared to the Vat Rate?
Why should we issue the C form ? Whether one state Govt can reimburse the loss of revenue by the CST by C Form?

Regards,
S.Jegadeesan.

Hi,

Kindly let me know:
1) Any type of tax prevailing for the buying of plastic/tyre scrap materials for using renewable energy plant.
2) Any type of tax prevailing for the selling of plastic/tyre scrap materials
3)To start a energy renewable fuel oil generation plant from scrap, any tax exmption from the govt.
4) What is the tax for the renewable engery products.

We have two separate Units but in the same Sales Tax Registeration.

Whether WB VAT shall be applicable on the Captive Consumption.