Company A have given contract to Company B for civil, interior and other work for Rs.90,00,000/- lakhs. Company B has given subcontract of civil work of Rs.45,00,000/- lakhs to Company C.Company C is a new Company.

1.What is the procedure for Company C to take Works Contract No under MVAT ACt and under service tax
2.Company C want to bill subcontract under composie Scheme What is rate of tax and what form it should issue to main contractor Company B
3.Whether main contractor will deduct TDS
4.Whether Company C can avail all set off on its purchases.
5.How much service tax Company C should charge to contractor Company B

In one of the case total turnover of the dealer is Rs 1 cr. Out of which Rs 70 lacs is oms sale.So gross sales within maharashtra is less than threshold limit under MVAT act 2002.
So whether the vat audit under MVAT act is applicable to said dealer?

Please send me details of Sales tax ragistraion processior .

A proprietory firm having sale & Purchase business of readymade garments in Uttaranchal. Now the Propreitor of business wants to Purchases readymade garments from Delhi & sale in Uttaranchal.
the Propreitory Firm neither register in uttarachal nor in delhi.
advise whether dealer has to register itself in uttaranchal under Dvat.

Hi..

For my company sales tax assessment for 07-08 is going. The officer is saying that we have to pay 12.5 % tax on administrative expenses, if we have not done the purchase thru registered dealers.

In fact all expenses in adminstartive head are petty expenses. 90% of the expenses are in cash. Please revert with the proper clause and section for such implication of Tax on administrative expenses.

I need the details urgently as the hearing date is on 5th March. Please revert as soon as possible.

Thanks in advance

A Co. didn't received Form H and during Gujarat VAT assessment, authorities demanded differential VAT + Interest and penalty thereon.

B Co. received Form H but enclosed Bills of Lading showing export after 6 months of Sale-Purchase Transaction. During Gujarat VAT assessment, the authorities rejected all such forms stating export not done within 6 months from sale-purchase transaction hence demanded differential VAT + Interest and penalty thereon.

Please give opinion about validity of assesssing authority's demand within light of CST and Guj VAT laws.

can a civil works contractor claim the following expenses as deduction under rule 58 of Mvat
1] Office exps.
2] Employees PF
3] Travelling exps.
4] Material Testing Exps.
5] Transportation
6] Machinery Maintainance exps.
7] Royalty for sand etc.
8] Tender copy Exps.
9] Sub-Contract exps. (where No TDS has been made)
10] Insurance exps.

Please help.

Sir,
Kindly inform if WCT is to be allocated over a contract term, or should it be recorded at one point, after contractor raises invoice.
If spread over the contract period, what is the basis.

Yours sincerely,
Amit

Hi Friends,
Is a dealer registered under MVAT Act whose turnover of sales or purchase does not exceed Rs.40 lakhs is liable to vat audit.

How is the Tax calculated on Goods purchased under MVAT by issuing C Form

For Example -
Purchase Price of article is Rs. 102
(Inclusive of Rs 2 CST)
Selling Price of the article is Rs. 104
(Inclusive of MVAT)

Whether the dealer is liable for MVAT on RS. 104 or on the difference i.e on profit of Rs. 2 as the dealer has purchased the goods from other state by issuing C Form