IN A PRIVATE LTD COMPANY
LOCAL PURCHASE @5% VAT INPUT

SALES
A} LOCAL SALE @ 5% OUTPUT

B) OTHER STATE SALE @ 2% CST SALE

IF VAT INPUT 5% IS MORE THAN 5% VAT OUT PUT SALE + 2% CST SALE

IS THERE LIABILTY OF CST 2% PAYBLE OR ADUSTABLE FROM VAT INPUT CREDIT.

KINDLY CLEAR IT.

Dear Sir,

We are developing one commercial complex, purchasing materials and issuing to subcontractors vide tax invoices. We are taking input credit whatever out put tax is their(Material issued to subcontractor)


Now VAT dept. people said it is not correct.

What is the procedure, please help me on this.

DEAR SIR,

PLEASE INTIMATE THE WHAT IS THE RATE OF VAT & SERVICE TAX AGAINST CIVIL WORK DONE IN COMPOSITION SCHEME at MAHARASHTRA STATE

THANKS & REGARDS,

GANESH DHUMAL

will someone sent form 26 of up vat in excel format

If we want to sale goods to a un-registered dealer in the same state, what are provision of kvat act.

a. shall we sale to same?
b. if we sale, what is the vat rule.
c. If that goods are exempted under first schedule.
d. whether 100% eou units does not require vat registration with sales tax authority?

reddy

A dealer is in the business of Construction of residential/ commercial properties. He undertakes contracts for construction of building on labour as well as with material. 80% of his turnover is through labour contract without material and 20% is with material.
For the construction work; shuttering material, scaffolding equipments, cranes etc. are purchased specifically for the projects which are used for contract on labour and as well as on contract with labour & material.

Query: Since the revenue as well as capital equipments are purchased by paying VAT, is the dealer eligible to claim set-off/ refund against labour contract sale as well as with material sale. If yes, please specify the rule under which the set-off can be claimed. If no, please specify how much percentage of the set-off ca be claimed against with material sale, which is 20% of the total turnover.

Dear Sir,
We have made Local purchase in Gujarat but respective total Purchase Transfered as Branch Transfer outside Gujrat as a Sale. Then on said Total Purchase Set off allowed or Not, if yes, then can I adjust that against CST Liability ?

Pls reply its urgent

Dear Experts,
regarding MVAT registration procedure,is it necessary to have profession tax registration number in case of a proprietor?Secondly,if the proprietor is yet to open a current account for his business,can he provide his personal bank account details for the registration procedure?

Regards,

Sukanya

Dear Experts,

Mr.X is started business in the month of October 2010 but he has not registered with VAT. he is applied for registration in this month. My Query is, if he get registration certificate by this month end,how to file VAT monthly returns for the month of Oct & Nov 2010. is i need to consider the Credit sale/purchases of Oct & Nov month?

Thanks in Advance

AS PER MAHARASHTRA VAT ACT GOODS RETURN WITH IN SIX MONTH THEN ONLY VAT IS TO BE REFUNDED BUT ONE PARTY SAYS ME INSTED OF SHOWING GOODS RETURN I AM SENDING SALES BILL AND YOU SHOW AS PURCHASES SO QUESTION OF TIME LIMIT DOES NOT ARIES IS THIS OK?