my assessee is engaged in poha industries in bombay having no vat on purchases & sales.On some exps vat is to paid by client say Rs.25000
can i take the refund & how it to be shown in the audit report 704

Dear All
My Client has claimed Refund for the period 05-06 in the VAT Returns and also in M VAT Audit Report, but not applied for Refund in Form 501. Now he wants the refund as the amount is more and he requires that amount in his business. Now what is the solution as department is saying the time period for claiming is over.

can cotractor deduct vat on that bill for which contractee also deduct wct on that payment.i want to know the method of wct deduction and use that tax credit in which manner?

1) Is interest U/s 30(4) to be levied only if there is a departmental verification or business Audit or issue of notice or intimation in this respect and a revised return has been filed thereafter by the dealer in response to findings in the inspection or audit with additional liability.

or Whether the Audit mentioned in the section includes audit under section 61 and that if the dealer has revised the returns before the vat auditor takes up the vat audit and pays the additional liability where both the tax auditor and the vat auditor are the same person.

in the above case if there is additional liability which is paid and the dealer has revised the returns and the vat auditor has verified such revised returns filed for the purpose of audit whether interest u;s 30(4) is applicable and should the auditor advice the dealer to pay the same.

can we avail full vat credit on car purchased in case of a hotel industry

and if we have availed that can we use the whole in the same financial year.

and same query is in respect of computers purchased .

My Client is a Proprietor of 2 Proprietorship Firms. In Firm 1 his Turnover is Rs. 25 Lac and in Firm 2 his Turnover is Rs. 23 Lac. So together we see he is liable for Audit. But as per Sales Tax he is having 2 different VAT TIN No. So is he laible to get his accounts audited under MVAT ???? pls. reply soon.. u can mail me at : manishparmar555@yahoo.com

SIR ,
WE ARE SELLING MEDICATED SOAP MANUFACTURED UNDER DRUG APPROVAL & WE HAVE APPROVAL UNDER DRUG ACT.GENERALLY VAT TAX ON SOAP IS 12.5 % .HOWEVER VAT TAX RATE FOR MEDICINE IS 4% .WHAT TAX RATE WILL CHARGED FOR THE MEDICATED SOAP.
THANX & REGARD

A dealer has started his business in January 09. He has Not registered himself under the MVAT Act. But has Collected tax from the first bill onwards. (i.e. Without TIN No.)
He is ready to pay the tax collected wrongly..
I want to know whether any Penalty is attacted to him by the department...?

Thanks in advance...

Dear Sirs & Friends,
Our company had incurred expenses in a 5 star hotel in mumbai, the bill generated by this hotel (Taj) includes Luxury Tax (10.30%) alongwith VAT (12.50%)on the food component. These taxes are not shown seperately but are shown as Total Tax in the bill. My question is can i take vat settoff in my books on the basis of such bill. The bill contains Vat tin no. & Luxury tax no. seperately but both these taxes are included in Total Tax Column what should i do, can i claim 12.5% tax seperately in my books ins such a case. Please help me it's urgent

We are selling Cut Fresh Fruits (Packed in container). We are adding Sugar Syrup to the same,

My query is whether the same would attract VAT under Schedule C Entry No. 107 under F&V Sold in Frozen State or in a sealed container @4%

By sealing container i mean a air tight plastic container with our company label on the top, still would it attract VAT under above referred schedule