Under maharashtra vat act section 30(4) and in addition to circular 22T dated 06.08.09

my queston is 1)if party fails to pay vat on due date i.e. on 21april and it pays tax on 22 april does party is liable to pay 25% interest on vat tax amount

2) if party files return nill before due date and pay the tax at the finalization of income tax, does party liable to pay interest @25% on vat amount

MAY I KNOW WHAT IS THE DUE DATE OF DEPOSIT OF VAT FOR EACH MONTH IF VAT PAYABLE IS MORE THAN 2000/-P.M

what will be CST rate for 2010-2011 on Readymade Garments in Delhi ?

Dear/ Resp. Sir
My friend is engaged in selling a snacks on his own handcart from last 2 years in Pune, Maharashtra.( e.g. Misal, Pav Sample etc.)he is a proprietor. His annual turnover as snacks receipts are 4.97 lac in last year, now in F.Y.2009-10 he crossed 5 lac, apprx. 6.72 lac.So my question is will he have to registered compulsory under MVAT Act.for obtaining VAT CST TIN.? Pl. guide, help me in this regards. pl.provide some reference from MVAT Act (sec or case etc)or if not then can we go ahed with the same turnover for I.T. return?

Regards
Vinay Kulkarni

Hello friends

plz explain me following
When should a person deduct TDS(MVAT)

and secondly

A works contractor sub lets a contract with material to another contractor. Should he deduct MVAT TDS from payment.

Thank You

Do we can take credit of VAT if We Purchase Goods with Excise registered dealer who gives including exicse in bill not VAT ?

So how we can take credit or pls guide me what to do under VAT act ?


thanks in advance

My query is that if VAT payable is more than 2000/- per month then it should be paid monthly & instead of monthly payment if it is paid quaterly than what should be the interest penalty on such delayed payment of VAT?
Waiting for Answer.........
thanx for ur reply but can u further clarify that-
suppose for quarter ending 2nd vat payable is 22592/- and vat deposited on 27-10-2009
than wht should be the interest penalty on such delayed payment????????

Dear Sir,

Our company has 100% EOU. We have purchased material on 4% & 12.5% Vat billing. My question is –Can we claim to government for VAT Refund of financial year 2009-10. (becoz our statutory audit not final till date) If we can’t claim for full year, so can i do claim for Quarter basis?


Thanks & Regards,

Raju.

A sole proprietorship concern running a showroom wants to sell all capital assets and stocks to a partnership concern at the book values as on 31 mar 2010 as a going concern.. The sole proprietor is also an existing partner in the partnership business.Is Vat to be collected on such transfer. If so at what rate?

it may be noted that the building on which the show room existed belong to the sole proprietor. Now the building is proposed to be let out to the partnership on rent and business continue to operate in the same premises as a partnership concern in the name of the partnership firm.

we are in chhattisgarh our client in mumbai & supplier is also in mumbai. we placed an order to supplier to supply the consignment to our client of mumbai under 6(2) transection or sale in transit basis (E-1/E-2) basis. he is charging VAT for it. is it currect porcess. we are insisting him to dispatch the consignment against c form & but they are saying this is wrong process please explain it throurh proper notification & circular reference.