I filed my original vat return before the due date. However, i want to revise my return since there is some clerical mistake. Pls advise me that is there any penalty or fee for delay in revised VAT return? also, is there any dependency of penalty on timing of filling of revised return?
Presume in above question if there is any false or deceptive mistake instead of clerical mistake, what would be the consequences ?

Pls reply me as soon as possible.

Dear Sir

Suppose, we purchase a quantity of 100 Kgs of goods from the local dealer @ 5% vat (Tax Invoice), instead of selling, we transfer the entire quantity or partial to our branch at Haridwar as stock transfer (without tax). In this situation what is the real process for Input vat? Can we claim input vat @ 5% or not?

Awaiting your valuable reply.

Regards

Vijay Mishra

I WANT TO KNOW LUMPSUM SCHEME FOR WORKS CONTRACT IS FOR INDIVIDUAL CONTRACT OR WHOLE SALE FOR THE YEAR ?

PLEASE TELL ME ABOUT THE LUMPSUM SCHEME FOR WORKS CONTRACT IN VAT.

Sir,
one has raised the invoice for Rs.100000/- but paid the vat on Rs.60000/- only and filed the return. corresponding month to that transaction exceeded 6 monts.
what is the procedure to pay and revise the return, wether any penal provisions apply?

I WANT TO KNOW WHETHER NEWLY REGISTERED DEALER IS LIABLE TO FILE QUARTERLY RETURN OR SIX MONTHLY RETURN

1)What is the diffrance between Vat & GSt (sales Tax)?
2)why vat is applicable although it is opposed by the Trader or manufacturer?
3)whats the benifits of Vat for government and others ?

We have done some Electrical & Construction work at our own Godown which is capital expenditure in nature. The Electrical & Construction (i.e. construction material) in VAT Proportion of 5% & 12.5%.

My Question is An Registered Dealer, Can we claim full VAT Set-off under Maharashtra Value Added Tax 2002.

Pls guide me

X Ltd exceute works contract , it issued it invoice on 01/01/2010 Contract value 1000 and Vat 100 total bill amt 1100/- , And awarder gave payment on 24/05/2010, when liability to pay arises, whether it is accurel basis or payment basis?

can CSt excess payment made in march 09 be adjusted in the year april 09-march 10 pymt/liability
is there any special notificationissued in that year for adjustment of such excess payment

if yes then give the notification no.

As i am the dealer and Interior decorator applicant. i am doing the business of providng interior decoratos services included purchase of material, planning, designing & labour work.

i am following the rule of Works Contract Service Tax @ 4.12% & Sales Tax @ 4%.

My procedure is correct or not.

for your information i was registered under interior decorator service.