Sir,
An assessee is dealing in one commodity which is Non taxable say by Tariff / Schedule under GVAT Act. What will be effect of VAT paid on goods?

Would it have any other impact , if ouput is non taxable by Notification?

Pls. guide on these issues.

What is vat , service tax & income tax.
and what are law on following :
1.EMPLOYEE
2.SELF EMPLOYEE
3.COMPANYS
4.INVESTER

kindly , provide these information pleaseeee..

hoping for ur kind help ?
thanks

Hi Everyone

A Pvt. Ltd. Company is a used Car dealer. Most of the Purchases are from individuals and re-sold to individuals.Most of the transactions takes place within TamilNadu. By Notification No. II (1) / CTR / 30(a-5) / 2007 -G.O. Ms.No.79 dated 23.3.07) -w.e.f - 1.1.07 the rate of tax for Used cars on value addition without input tax credit is 4% at present. What does the term 'Value addition" denotes? Does it connote the difference between the purchase price and sales price (or) actual cost incurred in making good the car for running condition?

VEHICLE service STATION EXIST .For providing vehicle service they bought plant & Machinery .On that can they take credit? . Iam asking for TNVAT. While providing service they are making spare sales.With that VAT liability can VAT credit be setoff ?

Pls can anyone tell whether builder has require to obtain registeration under gujarat vat act?

A firm engaged in construction business; registered under VAT act of Gujarat in LUMSUM. Firm does not claim any credit. The questions are which invoice will take on material purchase RETAIL INVOICE or TAX INVOICE? And what is the impact on VAT liabilities when firm will take RETAIL INVOICE and will take TAX INVOICE?

1. I have pruchased a equipment from Vadodara to Mumbai under from c transaction. Now, i am selling the equipment to a customer within maharashtra, under works contract agreement. So, will the CST 2% paid will be reimbursed / can be considered as rebate will paying the MVAT.

2. what rate of MVAT is applicable for works contract for a work to be carried out for recognised sceintific research institute by goverenment.

What is the liability of the auditor in case Turnover and Purchase as per Sales Tax Return and Audited Accounts differ?
Does any qualification is required in these regard in Audit Report and in Tax Audit.
Thanking you in anticipation

PLZ TELL ME, WHAT IS THE VAT RATE OF PAVING BLOCK IN MAHARASHTRA I

i hv purch. capital goods in chennai and supplied in mumbai initially they charged 2%cst aginst c form but later on cancelled and charged @12.5%vat saying that against capital goods there is a condition that cform is not to accept for capital goods. is it true? pls clarify.