Dear experts,

Please guide whether following purchase and sales would be categorized as High Sea under DVAT:

Goods purchased from a Company in Dubai. These goods are to be sold to a buyer in Singapore under a pre-existing contract. The goods will be transferred/shipped directly by Dubai Company to Singapore company. ie Goods will not cross custom frontiers of India.

Now, in the above case, in order to complete the transaction, if Dubai Company shipped the goods under discussion to Singapore company from India instead of Dubai, Will it be termed as High Sea Sales and High Sea Purchase for us?

Thanks in advance

sir,
we issue free goods (as not samples), as MRP printed medicine to wholesale dealers. is this liable to VAT, or exempt from VAT?

I think the transfer without consideration is not liable for tax??

One of my friend going to take one company biscuit agency and beverages agency. He going to do only distribution to wholesaler not sale. So he get commission only from the company. Whether he is required to get registration under VAT Act and liable to file form monthly. If yes which form is required to file? ( he want sales tax registration to get license for dealing food and beverage items). Urgent please reply

Sir

My sales tax of December due date is 21st Jan if i did not paid then how many interest i want payable.

Hi, Myself Ankur Garg and working in a limited company, my query is that if a company owned an Audi car and now the company wants to sell it out, so will the vat be applicable on sale price if yes then how? if the company has paid the vat on the time of Purchase, kindly advise

My dealer (proprietor) is registered under MVAT Act and he want to convert into partnership .what is the procedure for the same ?? what are the documents required for registration

Tommorrow i am going to purchase a jewellery of Rs.73000, and dealer asked me to pay in cash .He will issue me the retail invoice because he is not registered dealer, also he will charge 1 % vat in his invoice.

Can i ask him to not charge vat as he is not registered dealer and naturally he will not deposit the vat amount in governement account.

Urgent reply

Hello,

I have a query regarding claiming MVAT Refund in Form 501.

One of our client wants to claim MVAT Refund for y.e. 31.03.2014 but the due date for claiming the same has expired. It is quite a big amount so it is for them to claim the Refund either online or offline. We have tried to fill the form online but it does not get validated as due date has been expired.

I cannot Revise the return also and carry forward the Refund amount to next year as the Returns are already revised before and Refund has been claimed. Also there is no VAT Audit.

Please help how can I resolve this issue.

DEAR SIRS

MY CLIENT HAVE RD MEDICAL SHOP WITH COMPOSITION SCHEME ..MY PROBLEM IS WHATS THE RATE OF VAT ....
1) 8% ON SALE MINUS PURCHASE
2) 1.5% ON TOTAL SALES
PLEASE REFER ME CODE OF THAT

Hello everyone

I am engaged in interior decoration business where i supply material also. Here, when comes to the VAT return filling, I purchases material and supply (sales @ 14.5%) them to the sites and some of the sites are in SEZ (which are exempted from tax).

My question is how to show the purchases and tax credit amount in VAT return.

Its very urgent

Thanks in advance