As per law Declarations in Form C is required to be applied quarterly, however in which quarter it should be applied with department. Whether in the month in whcih seller raises invoice or in the month in which purchaser books the purchases if the above transaction occures over a two months period.

Please give me urgent reply.

I have to know if i have registered under GVAT..ok and also in VAT Credit System not in Lumpsum system... ok

I have to know in Lumpsum System only Retail invoice will be issued in every sales....ok and paid the S.T of 0.5% of sales...ok
but in VATCredit Method Purchase from TAX invoice but sales from only Retail Invoice in my case
My que is in VAT when we calculated in the VATCredit System we Purchase from TAX invoice and Sales from Retail Invoice only. let me clear.... when we take Calculation of VATcredit Purchase VAT - sales VAT [which we have to calculate on Sales] (Rate whichever applicable for Particular Items..ok)
If we do the Calculation of Sales (Collection of)VAT on Sales Can we add this VAT in Retail invoice too? or we just have to flash on VatCredit calculation only..
simple :-
Do I collect VAT from Retail Invoice in VATCredit System........?

Do I Explain well ? pls Advice me
thanks in advance

Sir,

Our clients are manufacturers of cement having a factory in Andhra Pradesh. They have a warehouse in Bangalore. They sell cement bags on MRP to dealers who in turn sell them to their customers on the same MRP. A margin is given to the dealers on each bag for which a credit note is raised.

Can VAT be reversed in the credit note? If not, are they not paying excess VAT to the extent of VAT on the margin money? The invoice cannot be raised allowing for the margin since it is MRP sales. Neither can this be shown as a discount. How then can we reverse the VAT on the margin given to dealers?

Sir,

My query is with respect to VAT laws in Karnataka. I would like to know should VAT be paid on Freight (inwards or outwards) mentioned in the invoice. If we raise a debit note seperately for freight charges, no VAT is payable. But if the same is included in the invoice itself (to save documentation) why should VAT be paid on total invoice amount?

Rule 3 of Karnataka VAT Rules deals with determination of turnover. No where in these rules is it mentioned that freight should be included in taxable turnover. Are we right in excluding freight from VAT?

PLEASE LET ME KNOW WHETHER THE CONTRACTORS IN DELHI AND MAHARASHTRA REGIN UNDER REGULAR SHEME (INPUT TAX CREDIT)CAN TAKE CREDIT OF VAT PAID ON PURCHASE ON CAPITAL GOODS USED FOR CONSTRUCTION??

PLEASE LET ME KNOW WHETHER THE CONTRACTORS UNDER REGULAR SHEME (INPUT TAX CREDIT)CAN TAKE CREDIT OF VAT PAID ON PURCHASE ON CAPITAL GOODS USED FOR CONSTRUCTION??

If we transfers the stock from our U.P. factory to our C&F agents who is in the same state , can we take the Vat credit on this transaction .

nisha agarwal

sir, i am working in logistics company i would like to know how to post an entry in tally please have a look n tell me that i am correct .

j.e purchse a/c---dr.
vat a/c ------dr,
to party a/c------cr

Can anyone let me know if Registration is possible under both VAT as well as Composition tax under the KVAT Act?

Dear All,
I want to know which type of sales is the folllowing:

Party "A" sell to Party "B". Both are in Andhra Pradesh State. Invoice is also raised on Party "B" local address.

Delivery of this goods is given to Party "C" in Maharashtra State.

Can any one please suggest which sales is these? Local sales where we need to pay VAT or interstate sales where we need to pay CST? The Maharashtra party will not give C form.

Thanking You,

Alpa Doshi.