Please guide me in following situation
Mvat ITC to be C/f as per returns for 2014-15 comes to Rs 150000
Mvat ITC to be C/f as per books / audit for 2014-15 comes to Rs 50000
What to be done for above after filling of vat audit Report
Also suggest what to be done for Returns of 2015-16 as this returns have already been filed taking B/f of ITC of Rs 150000 and not Rs 50000.

Dear All,

We have received a RMC Invoice of Rs. 5,32,350 and on this invoice We have to Pay service tax and Rajasthan Vat both.
In service tax it covers under work contract and being a company we have to pay service tax on 70 % of invoice value i.e. 70 %-- 3,72,645 Service tax and SBC @ 14 and .5 % Rs. 52,170.3 & 1,863.23.
My question is whether we have to pay vat on balance 30 % amount i.e.1,59,705 and Vat @ 14.5% 23,157.23 OR as per Rajasthan Vat act, Vat need to be paid on 75 % of invoice value i.e. 3,99,262.5 and vat @ 14.5% 57,893.06

Please suggest whether vat need to be paid on 75 % value of invoice or 30 % value of invoice as soon as possible.

I have purchased an electronic meter with panel in capital goods for my business of induction furnace and rolling mill. Can i avail input tax credit on this purchase?

hello,

one of my client, who engaged in manufacturing of Oilfield equipment and heavy machine in Uttarakhand.
during the A.Y.09-10 A.Y.10-11 and A.Y.13-14 sales tax demand was imposed by sales tax department.
and now it come decision of the department in current year.15-16.
company is set off this demand from VAT receivable a/c in current year 15-16.
whether company do the same???
if no then please suggest me what have i do??

We have made interstate purchase (OGS Purchse) from party against Form C. but some circumstances at that month of return we have not shown invoice details in Appendix-II. Due to this reason we have not received Form - C. How we can apply for Additional C Form interstate purchase on month of july 2013. Give me advice for need do this.

Urgent...!!! Please Clarify


In an arrangement between a company (Say A Ltd.) and a subcontractor (Say B Ltd), (Assuming whole contract value is Rs. 1,00,000).B Ltd raises a single invoice bifurcating 30% as service portion and 70% as material portion. on 30%, B Ltd charges Service Tax and on the balance 70% it charges VAT.

Is it mandatory for A Ltd to deduct WCT apart from this? If yes, on what amount?

my client is having a restaurant in mumbai so he is entering in to the interstate transactions for buying furniture like tables chairs etc from madhya pradesh. The furniture would be used to make the guest sit and have food.
so query is whether i would get c form from the above transactions from the dept and charged 2 % or i have to pay cst @ 12.5 %
please reply asap.

if my friend turnover is around 40 lakh is it required to take sales tax no.

Dear Experts,

How to charge service tax and VAT under Civil Contract work service. And is there any composition VAT rate for this?

Thanks

One of my friend wish to change his address in VAT Registeration. Kindly let me know the procedure?