Mr. Ramu is a dealer. He is purchasing goods from interstate and the same he sold as Local sales and local purchase also made during the month.

Que 1 : Is this possible to adjust Local Purchase Tax amount against Local Sales Tax Amount(Which is purchased from Outside the state)?

Que 2 : If it possible. I need the provision given by ACT.

Can we take input vat if we purchase using "C" form or "H"Form???

Hi Expert, Whether Commission should be included in sale turonver for the purpose of registartion of dealer (5,00,000-Sale turover)under MVAT ACT? Brief Background:Assesse a distributor (Say B) is purchasing goods from registered dealer (Say A).Assesse (B) is having another distributor under him (Say C). Now as per agreement between B and A, A will pay commission amount (differential profit margin of B and C) to B for any purchase made by C from A.

As per my notion Commission should not be included nor turnover of C in B's turonver? To clarify more C is also a distributor of A now but with lesser profit margin. Please advise

Please reply urgently..thanks in advance!!

What is the rate of Vat on Software products and software equipment .
what are the changes? And when from it has been changed? Is it effects from 15.01.2010 means we have change the Printed Invoices?

Hi,

A person in delhi imports an Article A and sells it in delhi. As per D-VAT rule, sale of article A is exempt if per item cost is less than Rs. 400/-. Now, he sells 5000 pcs of item A @ 250/- each i.e for total of Rs. 1250000/-. So, Now, will he be required to get himself Registered under Delhi VAT or its not compulsory as his sale is all exempted from VAT?

I AM PRODUCING WOODEN MATCH SPLINTS IN KERALA AND SELL THEM OUTSIDE KERALA . TOTAL SALES ARE IN CST ONLY NO SALES WITHIN KERALA. I HAVE OBTAINTED "C" FORM FROM MY BUYER'S AND PRODUCED BEFORE CONCERN OFFICER IN TIME. MY DESPATCHES ARE DONE BY LOCAL LORRY NOT A REPUTED TRANSPORTER, HENCE WE HAVE ONLY LORRY NUMBER NOT THE LORRY RECIPT. OUR OFFICER SAYS WITH OUT PRINTED LORRY RECIPT HE WILL NOT ACCEPT THE "C" FORM . I HAVE TO REMIT FULL TAX. MY TURN OVERFOR FOR A YEAR IS MORE THAN ONE CRORE. KINDLY HELP ME TO SOLVE THIS PROBLEM

HI

I AM NARENDER

PURSUING IPCC

IS THERE IS ANY CHANGES IN VAT IN JANUARY 2010

IF YES PLS SEND ME THE WHOLE ARTICAL

OR TELL ME SOMTHING ABOUT THAT


AS I HEARD THAT SOME GOODS ARE NOE CHARGABLE TO VAT @ 5 %

Hi,

In case Assesses paid VAT tax under composition scheme, Is he eligible to claim deduction under income tax act for computation of taxable income?

A U.S. based company giving order for one product to manufactured in India (indian Business house) Indian Company is taking order also demand for Dies & tools. U.S. Based company told Indian company to make dies & tools at your end ( it means in india ) & do the supply of the product.
Indian Company developed the dies & Tools & start supplying the product.

In above case wheather Vat implecation will came while making the Dies Bills to U.S. Based Company?

How the transaction will be completed of Dies & Tools ?


Regards

Ketan

Hello,



The client is engaged in wholesale trade of steel for which he purchase pick up,on which he paid MVAT @ 12.5%.



Can he is eligible for getting set off ?




In Rule 53 & 54 where it's given ?




Email ID:- pdenish54@rediffmail.com....