PLEASE TELL ME WHETHER THERE IS ANY PROCEDURE BY WHICH THERE CAN BE TDS ON VAT AT AN LOWER RATE THAN THE RATE AT WHICH COMMODITY IS TAXABLE? IF YES KINDLY PROVIDE ME REQUISITE FORM & DETAILED PROCEDURE. CLIENTS BUSINESS IS OF GOVERNMENT SUPPLY IN M.P.

In a co.'s books, one purchase bill of 31.3.2010 was wrongly entered twice. It has came to our notice now as the concerned party has been called for by the ETO. We have given him a certificate mentioning that we will make it correct in Form 20B. Now I want to know How I should pass the entry???
Should the bill entered twice be deleted from he books or cancellation entry be passed now or any other treatment of the same should be there???
Ina the same way, a bill is not entered upto 31.3.2010, what is the treatment of the same???
Please ans as it is very urgent.
Thanx

Dear Sir,
My Client has received the Penalty notice from ETO for non-filing of return in form VAT-R1 for the period 01-04-2010 to 30-06-2010.
Sir actually he has no transaction either of sale nor of purchase during this period and thus he has not filed the return.
Pls guide will he be liable for the penalty for that OR can he still be filled the return for NIL without any penalty or interest.

Pls explain

Dear Professional Colleaques,

We are transferreing the goods from our Haryana Factory to Delhi Depots. and make sales from there. We have a scheme that one quantity wil be given free of cost on purchase of 10 quanitiy.

Query: Is VAT will be applicable on Goods given free of cost on sale of specific quantity?
Can Delhi can issue F-Forms to Haryana against stock transfer of 11 quanity. as there is sale if 10 quantity only from Delhi and 1 is given free of cost.

Regards,

Piyush Jain

Hi,
We have taken Professional services from one company from other state. Now they are charging the Both VAT and Service tax on the same amount. He is given one link which i am not able to understand. can any one help me in this regard. I want to know VAT & ST will be applicable on Professional services taken from interstates.

Kindly reply..

Thanks in advance

Dear friends,
We have a xerox contract, for which the contractor is charging,both VAT and ST on the full bill amount. For example
Bill amount = 10000
Add VAT @ 8%= 800
ST @ 10.3% = 1030
(10.3% on 10000)
Total bill amounted to Rs. 11830.

Whether contractor is charging correct to us. I think there should be a bifurcation, for charging VAT and ST. Please help me in this matter.

Dear Sir,

Pl. suggest on following.

We have purchased some licence server, Webmail user, messaging users.
The party has charged Labour charges seperataly but they had charged Service tax on total amount including service tax. Party has charged 4% vat on 86% on the bill amount including service tax.
for eg.
Enterprise server 1000
webmail user support 1000
messaging user 1000
labour chgs. 500
------------------------------------
Total 3500
Service tax @10.3% 361
Vat @4% 133
(which is 86% on 3861)
Now tell me, weather the transaction is liable for WCT. Why party charged service tax?
Pl. advice on the same.

What is vat ? and how much vat are their in india ?

hoping for your contribution.. ? :)

*My english is not very good so please friends answer me in simple english....

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