can we take the whole input at the time of purchasing the asset instead of 1/3 method i had read the threee method of taking input of cap goods were income variant consumtion variant and gross product variant but now i havc seen the vat act there is only 1/3 concept of input.

Hi Friends,

One of our clients has imported furniture from outside country. But they have got the invoice from Bangalore branch.No VAT is charged in the invoice. But it is clearly mentioned as high sea sale.

My question is can this be taken as import. (they have received furniture from other country).if yes, then will there not be any problem regarding invoice which is raised from bangalore.

I am a trader. My client is an exporter and having export order.I got bills from suppliers with 5%vat and exporter is issuing me h form against my bill. But how do I recover that 5%.plz suggest

whether registraion in that act can be done in the back date

What is the point of taxation in case of Builders and Developers under the MVAT Act, 2002???(Receipt basis, accrual basis or date of agreement)

Also if the date of agreement is after the date of receiving the Completion certificate(OC), but advance is received before the agreement date, are the advance so received liable to MVAT?? Or the entire sale value is exempt, as it would constitute a sale of immovable property??

Please quote the relevant sections or the notifications as the case may be?

Dear experts,
Plz let me know the difference between E1 and E2 sales,

Plzzz reply....

Is it compulsory to take vat registration ? I am in maharashtra. Can I Purchase from unregistered dealers and sell to unregistered dealers ? My turnover will not exceed 10 Lacs. Any consequences from tax authorities ?

On Nov 27, 2015 9:36 PM, rahul mehta wrote:
Dear Sir

We read your article on tax audit.

Can you guide us

As per sales tax rule the vat audit is compulsory for turnover of 1 crore from 2013-14.

Now how is turnover defined is my question in VAT Audit

Sale amt + MVAT amt = Net Sales
9980000+ 1100000 = Rs. 11080000/-

Sale amt without VAT is turnover. Or Net sales is turnover.

VAT Audit to be done or not qualifying as per rule limit 1Crore.

Awaiting your reply.

Rahul
9324706211.

Lenovo P70-A

Gujarat Dealer sale goods to Maharashtra dealer and Maharashtra Dealer Sold same goods to Karnataka Dealer ...What are the tax implications & Which forms requied to take by Mahrashtra & Karnataka dealer? Maharashtra dealer is only agent between gujrat & karnataka dealer..

WHY ADDITION 1% & 2.5% VAT IS CHARGED