DEAR FRIENDS,
PL. GUIDE ME IN THIS MATTER
VAT SET-OFF OF MARCH-08 CARRIED FORWARD TO NEXT YEAR IS NOT ALLOWED? UNDER WHICH TRADE CIRCULAR IT HAS BEEN NOTIFIED ?

PLEASE REPLY, ITS URGENT
pritu_chandiwal@rediffmail.com

We sells items @12.5% vat. we have made sale on 29.09.09.We filed return of that quarter also on 25.10.09.On 1.11.09 party returned that quantity, which we had sold them.Now what should I do? Shall I enter a cr. note in books with reversal of vat also? If yes, shall I revise the sale tax return of that quarter or there is any other treatment for that?Please breifly explain the concept of sale return?

Is the new tax (VAT)@5% are applicable while the billing from delhi to other state (CST Billing). Please confirm?

Dear Fellows,

Suppose a Comapny A has purchased inputs as follows

-Inter state- Rs 1000
-Within State-Rs 1200 ( Vat Rate-4%)

So total input credit is Rs 48

Its sale is as follows

-Intra state sale-Rs 800
-Stock Transfer to other state against F Form- Rs 700

Vat Act say that a prop. reversal of credit is to be made.

can u plz tell me how much credit would be disallowed in this particular case


Reagrds
Nitin Garg

CAN ANY ONE SOLVE BELOW QUERY :

IF A COMAPNY SITUATED IN ANDHRA PRADESH MAKING SALES UNDER WCT TO AN SEZ UNIT SITUATED IN ANDDHRA PRADESH. IN THIS CASE WHETHER WCT IS EXEMPT OR COMPANY LIABLE FOR WCT-VAT .

REGARDS

MANISH PANDEY

what value should be considered for issue of form C? (Including CST or Excluding CST value)

Hi,

Can anyone help me out for VAT rates of following Commodities

nstant drink powder (sugar based – 500gm pouch )
Flavored sugar syrup – 700ml pet bottle
Custard powder – 100gm
Baking powder – 100gm
Cocoa powder – 100gm
Flavoring essence – 28ml bottle
Food color powder – 100gm
Drinking chocolate – 100gm
Corn starch – 100gm

Its urgent

ONE OF MY CLIENT HE IS A TRADER OF MACHINES.

IN CASE OF REPLACEMENT OF ANY SPARE PARTS WHICH IS AGASINT A PARTICULAR SALE WHICH IS UNDER WARRANTY.

REPLACEMENT OF SPARE PARTS IS TAXABLE OR NOT.

WHAT ABOUT THE OLD PARTS IT IS RETURNED TO THE DEALER BY THE CUSTOMER.

THANKS/REGARDS

SUBHASH SHARMA
ADVOCATE
M-9891338895

RESPECTED SIR/MADAM,

HAVE A CONTRAVERSORY OPINION BETWEEN MY FRIENDS ON DUE DATES OF FILLING OF REVISED RERURNS AS PER MVAT ACT.

I REQUEST U TO SOLVE THAT


MONIK JATANIYA

9930438663

A Trader imports the goods from other state as well as purchases the same from the local market.following are his transactions :

purchase from outside the state(Excluding Tax)=Rs.100000
Purchase From Local Market(including VAT)=225000
Profit and Other Exp=Rs.87500
I wants to know that what will be his Invoice Amount when he sold the above purchased goods.
Reply me as early as possible.
its very urgent.plz
thankyou Manish