Hi All,
Can anyone help me on this, my client had purchased a Swift Car, I considered the vat included in its invoice as receivable and adjusted against the VAT payable amount. But, now the CA is telling that He can't claim VAT on purchase of fixed asset, as the asset is not purchased for business purpose.
Please help me out as early as possible, as I have to finalise Balance sheet and submit it to the CA.
Please give notification or clause no. or circualr no. with date if possible.

I will be very thankful to you.
you can e-mail me at junnu_ali@rediffmail.com

Is there any way to include such vehicle as commercial vehicle to take input credit??

I applied for vat & cst under section 22 &

7(2) respectiveliy in Gujrat State. My cleint have a only
resident proof is PAN card, Election card,
Ration card,Driving Licence proof but not
a any other proof for his name & also his
mother & father name like as electric bill
,telephone bill,& Muni.tax bill But All of
above proof available name of his Aunty.

My question is that in This situation please give me a amount of security in
this position.and also tell me type of
situation like as NSC or Bond 105 with under section
and subunder section

If any person make a purchase of goods at 12.5%(VAT) and sales outside Delhi at 2% CST then how can he recovers rest 10.5% (if he don't wont to take Refund)?

dear Sir,

please solve my query

i made a central sale in 9th Jan 2010 of Rs. 10,00,000.00 including CST 2 % against Form C due but the party not entered the invoice in books of accounts and ask me the you have show the sales return in sales tax and reissue a new bill to me and issue c form form in F.Y 2010-11 instead of F.Y 2009-10 please help and suggest the problem to me how can save the balance cst 10.50 % on non-submission of form in F.Y 2009-10

thanks & regards

Rajesh
9871382201

Dear Sir,

Kindly let me know the procedure of administration relief of vat.

We have a one party of civil contractor & his last 3 years turnover is 25 lacs, 35 lacs & 50 lacs resp. And he have not taken a vat no. from the dept. He want to take TIN No.& run the business streem line after paying the all vat liabilities.

THE CIVIL CONTRACTOR IS IN THE STATE OF MAHARASHTRA (PUNE)

Thanks

Valmik

we are manufacture company generally we use to purchase some spare parts to the machines and we book them under Machinery Maintenance(Expenditure) including Tax.

Recently we have purchased some spares from other state under tax CST 2%(Against C form).

Now how i pass entry in the books of accounts as purchase or Expenditure

If it is purchase entry then how i can book expenditure else if it is expenditure entry how i can obtain C Form

Please resolve this issue

A manufacturer has purchased plant and machinery of Rs.50,00,000/-. The manufacturer has made foundation of cement, sand, grit, kapchi for installation of plant and machinery and spent Rs. 5,00,000/-. Further the manufacturer has also incurred expenditure towards electrification. The manufacturer has capitalized expenditure of installation and electrification and debited to machinery account. Whether Input Tax Credit is available on Installation and Electrification expenditure?

while issuing retail invoice to the customer can we show import duty and vat separately in the invoice

please someone guide in this regards

DEAR SIR

WE HAVE PHARMA MFG.UNIT IN HIMACHAL & OUR 40% SALE ON BRANCH TRANSFER & REST ON CST SALE. LET ME KNOW CAN WE CLAIM 100% VAT INPUT CREDIT ON PURCHASE OF RAW MATERIAL.

hi to all
my query is
Raw material purchased from forign market(including duty paid on import @20%) rs 47000

Raw material purchased from local market(including vat charged on material@1%)rs 10100

RM purchased from another state (excluding CST) rs. 20000

storage,transpotation cost & insurance rs 3000
other manuf. expenses rs 600

mr x sold good to mr y adding of profit @10% on selling price. vat rate on sale of such good 10%. reply please thanx.