Dear Friends,
I want to know the rate of WCT prevailing for the year 2009 under MVAT Act. Please suggest a good author for Sales Tax Book also.

Thank You Friends,

i am ru own proprietorship firm giving consultancy & selling softwares.i have a PAN number. what else registration numbers do i need? a vat , sales tax tin/din? how & where to apply for these?

Hi, As per sec 18 of KVAT a dealer has to deducted TDS @ 4% on gross bill value of cateres. As per Rule 44(1), deductor has to provide the Prescribed Form to the deductee in Form VAT 158 giving details of deduction. My question whether this Form is self printed or need to obtain from Dept? If it is self printed, it has to be authenticated by Department before issing? Regards Suresh

Hi All..
Can any body through some light on this issue please. Whether STP Unit /100% EOU is required to get registration under APVAT Act?? If so what is the requirement. How much is the turnover limit? In the same way, whether Service Tax registration is applicable?? what is the limit?? pls confirm at the earliest.. thanks and regards

Dear Experts


A Sale of a Company Rs. 110000(including Rs. 10000 of Output vat)

Please tell me in above case how much amount show in Sale a/c

A Purchases of Company Rs. 100000(including Rs. 10000 of Input vat)

Please tell me in above case how much amount show in Purchase a/c and Profit and Loss a/c

and How much amount will debit in Indirect Expense as a expenses


Regards
Mahesh Gurjar

Now i am on the audit of a garment company.Can I take input vat credit on purchase of printing & stationary according to Maharastra vat?If there is a any provision regarding that then send me a link...

ABC CO. LTD. TRANSFERS HIS GOODS FROM DELHI TO TAMIL NADU AGAINST FORM - F AND SELLS ALL ITS SALE TO GOVERNMENT AGAINST ITS PRE-EXISTING PURCHASE ORDER. IS THIS TRANSACTION CORRECT.

CAN DVATO LEVIED CST AS CONSIDERING STOCK TRANSFER TO PREDETERMINED SALE.

Dear Sir,

Could you please guide me whether Builder (Contruction & developement) should pay VAT and Service Tax. If yes please tell me Rate of Tax with section number?


Regards,
Dipak

I am heading accounts in an engineering company at kolkata, WB which mainly deals with turnkey projects of steel companies. We are registered vendor for CST & VAT in WB only. I am facing a problem in VAT-CST issue in my company which has described below:-

Suppose, the company name is ABC LTD which took a contract from TATA, Jamshedpur for Rs 100 Cr (including CST) to built a furnace. We got a billing schedule detailing lots of items totaling Rs 100 Cr. We do purchase by exempted 6(2) sales (Sale-in-transit under CST Act).
Our purchase methodology: (1) Issue PO's to vendor, (2) Give instruction to supply the material to TATA (client) by putting "A/C ABC LTD" on his invoice. (3) Vendor directly sent material to TATA with original excise - transporter's copy with LR. (4) Vendor send me invoice with original excise - buyer copy & LR photocopy. (5) We pay to the vendor.
Our billing methodology: (1) We bill to TATA (client) with vendor's buyer copy and photocopy of LR as per our billing schedule item.

** If we purchase material from outside of WB & Jharkhand then it will be OK. I will give C form to vendor and Vendor will issue E1 form to me.

** If we purchase material from WB then vendor will charge VAT to me (intra state transaction) which will be my cost because I can’t bill to TATA at Jharkhand by putting VAT (inter state transaction). So it is also OK to me.

** My question:- If we purchase material from Jharkhand and vendor send the material to TATA at Jharkhand as per my delivery instruction then what will be the implication of VAT? Do I need to charge VAT on my sales bill to TATA as the material is going from Jharkhand to Jharkhand (intra state)?

^^ My logic: I agree that the vendor will charge VAT at Jharkhand in his invoice as it is local purchase to me at Jharkhand. But I am sending my sales invoice to TATA from WB to Jharkhand so it is not VAT transaction but CST transaction. Hence I can’t charge VAT on my sales bill to TATA.
Further reading, there is an item "X" in my billing schedule which comprising 5 different material. Here if I purchase 3 materials from outside of WB & Jharkhand and 2 materials from Jharkhand then it is not possible for me to bill TATA giving segregated value of "X" item. Moreover, I am not a CST / VAT registered dealer in Jharkhand then how I can adjust VAT input & output in Jharkhand.

Please help me to resolve the issue.

Thanks in advance.

Surajit Kashyapi

Dear Sir,

We have been procuring material and claim the Input Vat credit. and the same material has been supplied to Various subcontractors with free of cost and raise the invoice with out tax.
1. for supply of material to Sub contractor is attract the VAT or not?
2. If such material has been supplied to sub contractor with concessional rate, is attract the VAT on materil?

Kindly clarify and specity provision of
APVAT.