We are manufacture in Orissa and for expansion of our plant we have an agreement with Maharashtra Company.
1st Supply of plant and machinery on agreed price
2nd commissioning & Execution of Work
After competition of work we deducted WCT @ 4% on work executed by them , now they don’t agree with these.
Needs your suggestion can we deduct WCT on work executed by them as non register Orissa dealer.

Dear Sir

My Firm is a Manuf firm.I sale goods in Mah State and i Charges Vat.I Have a PO for Delhi.The Says we will gice C Form against CST.How Should the Trans Accounte in Tally Entry

Party Delhi Dr 100
Sales CST Cr 98
Ac Head for Cform or CST Cr 2.00

The party has said we will give C form against Sales Tax Pleas Give the Entry for tally and procd. for C form and its Importance.

Dear Sir

I am Accounting for A Manuf.Unit Prop Ship firm is in Tax Audit.The firm has to pay VAT Qtrly.Please Clearfy should a Journal Entry passed after each QTR adjusting Vat Purchases Tax.
April to June and July to Sep.
Entry Passed : 30/6/2009
Vat on sale Dr,
Vat on Purchases Cr,
Vat Payable Cr.

Sales vat is under Sales Ac & Purchase vat is under Purchases Ac.Vat Ac is under Duties & Taxes Ac. Is the grouping correct.and the tally entry correct OR vat paid for 6 month should by Shown in Indirect expenses Please clear the Entry.

Regards

Dear Friend

My firm is a trading firm of Turnover 70,00,000.00.I have to pay a VAt Tax.I want to pay Vat on my sales after adjust.of Purchases Vat.Please say whether I should Pass a Journal Entry for 6 month Vat payable say april to Sep or direct to Indirect expenses Ac

Sale vat Dr,(P/L Ac)
Purchase vat Cr,(P/L Ac)
Vat Payable Cr. (Liablities)

is above Entry correct. oR

Vat Paid (Indirect Expenses)

Is Vat Grouped in Duties & Taxes Or In P/L Ac Pleas give my Correct entry for Vat Ac

Plz. ask me professional tax (proprietor)is drawing or indirect exps.

hi
i hve a doubt in accounting , wat amt to be taken for VAT input credit?
one of my client has done the following error , how to recity it?
Example:
assessable value - Rs100
VAT 4 %- Rs 4 (instead of Rs.4 they have collected Rs.12 from thier customer)
the totalled billed amount(including VAT), which is accounted is Rs. 114

wat entry should we pass now & wat is the input credit to be taken?..

kindly reply soon

What procedure to be followed & requriment to be fullfilled for getting TIN NO. under the M.P. VAT Act

i want to know whether machinery repairs parts which is used in regular course of business is consumable or capital goods under rajasthan vat.

one small information i need, company was purchase computer for business purpose,that company claim the input vat or not,if claim is possible means how many days it will take

Dear Sir/Madam,

Refrance above wish to enquire that if we transfer stock from u.p. registered firm to our uttrkhand branch then what is the status of input tax credit which has already been paid by u.p. branch.
Your early response in the matter shall be highlly apprieiated

Regads
Vipin Kashyap