Dear sir,

i want to know about VAT composition scheme. when it is applicable or after accept this scheme ,,,are there any benifit for accepter of this scheme,,,,what is the demerits of this scheme,,,,

plz solve my this problem ...

An educational trust running educational activities, constructing buildings for educational purpose. The contract of construction is given to labour contractor whose payment is more than 15 lacs for the year. is any sales tax deduction required? At what rate? what will be organisation's liability for sales tax?

Dear Sir,

we were doing job work on steel structures we were taking input credit in central excise and paying excise on despatch of material, now is there any VAT applicable on excise invoice? we were writing invoice only excise and edcess, hsecess in VAT column we were showing blank, after all of the work is complete we were doing fabrication bill for the sent material. For Ex: we had received a order for 100mt material. Job work charges for the above is Rs.10000/- we were paying excise landing price + Job work charges. After completing the work were issuing fabrication bill for 100mt x 10,000 = 10,00,000/- this amount was shown in VAT return as exempted sales. We were not charging any VAT in job work. Is this process is correct or not? Kindly give me your suggestion.

DEAR SIR,

A IS A CIVIL CONTRACTOR IN MUMBAI..

A ORDERED GOODS TO B (SUPPLER IN PUNE) TO DELIVER GOODS DIRECTLY IN RAJKOT TO C (CUSTOMER IN RAJKOT) FOR A CIVIL CONTRACT IN RAJKOT

QUERRY:
1)WHAT TAX B SHOULD CHARG MVAT OR CST?

2) AT WHAT TAX A SHOULD CHARGE C IN HIS BILL?I BELIEVE IT WILL BE INTER STATE WCT & CAN CHARGE CST ON MATERIAL VALUE

REGARDS
C.A.PARESH ZATAKIA
9833855518

1) We transferd finished goods stock from our Manufacturing unit- Mumbai to our branch/depot at Indore (MP)then Indore will issue form 'F' infavour of Mumbai -First transaction.

Out of supplied stock some 25% stock indore sent to our Jallandhar branch and 10% returned to our Mumbai unit. There is no manufacturing unit at Indore & Jallandhar.

In this case Mumabi needs to issue form 'F' to Indore?

Jallandhar Needs to issue form 'F' to Indore?

Please guide how this type of transaction will be complite.

rgds,

Sudhakar Yeradkar.

can anybody tell me how to account a bill of pharmaceutical company in tALLY 9.also they have 5%,12.5%,0% vat in the same bill.we are facing this problem while booking the bill. please help

Dear All
if we stock transfer our raw material (interstate purchased) to our other branch situated in other state ,will it restrict ITC 4% ? Please suggest .

Thanks
Regards
Jiwan singh

One of our client is a Trust and registered under this act by mistake as it has no transaction or activity covered by MVAT. It buys Stationary , Printing Material, Books, Notebooks etc. and distributes it to various schools or even poor children.

My queries are
1) Can we cancel the registration ?
and
2) Take the exemption certificate regarding the vat charged to them by their dealers from whom the trust purchase2 such material.
or
3) Can we claim the VAT on purchases (if cancellation is not possible), as refund as there is no sale in this case.
we are planning to file an application U/s 56 to commissioner about these queries but surely would like to know whether any other alternative is there....

compliance for getting the duplicate C form.


Customer had issued their "C" Form No. against supplies made by us during the year
2004-05. While the customer confirms that the form was issued by him and
handed over to our representative (service provider for collecting the
forms on our behalf), as per our records, we had not received the C Form.
Hence, it appears that the form was lost in transit. Since the value of
the form is quite huge, we cannot afford to pay the differential tax, which
will be quite substantial. We, therefore, need to collect the duplicate C
Form from the customer. request to all please check and advise the formialities to be
complied with for getting the duplicate C Form.
early response shall be appreciated.

Registered dealer at Tamilnadu. Goods purchased from Andhra which includes CST in the invoice.But goods are not taken by the TN dealer himself but asked to deliver at some other site (Client of the TN dealer)within TN. Whether VAT is payable by the TN dealer or Exemption Under E1 is claimable. If so what is the procedure? The Invoice raised by Andhra Trader is in the name of TN dealer and not in the name of Client of the TN Dealer.