i have purchased capital assets at the rate of 12.5% vat.

can i get input credit on 12.5% @ 50% for the 1st year and balance 50% in the next year.

i have got notice from commercial dept as i am eligible for only 4% eventhough i have paid the vat 12.5%.

is it correct

what is the remedy for the above matter.

Dear Sir,

Please let me know, is any notification issued by the sales Tax Authority about the facility of filing Sales Tax Return manually for the month of Sept, 2009 where e-filing is not possible due to technical problems at the end of Department. Kindly furnish the notification number, if any.

Regards
Amritesh

I AM TRANSPORTER AND HAVE 60 TRUCKS. I ALSO HAVE PETROL PUMP ON CONSUMPTION BASIS.
I AM NOT SELL THE DISEL TO OUTSIDE PARTY. USE THE DIESEL IN MY OWN VEHICLES.

IS VAT APPLICABLE ON THE CONSUMPTION OF DIESEL OR NOT.

IF A PARTY COMES UNDER WCT CONTRACTS NOT CLAIMED WCT & NEITHER THE PRINCIPAL EMPLOYER DEDUCT WCT & PAID TO GOVT.

IN SUCH CASES WHAT IS THE SOLUTION ???

PLEASE EXPLAIN

As we all know that VAT Regn is compulsory if ur Sales Turnover exceeds Rs.5lacs. MVAT Registration can be done vuluntsrily or on turnover basis when the turnover exceed Rs.5lacs.
My querry is that suppose a dealer has started a new business and his first sale bill is of apx Rs.7lacs so what will be his liability on sales exceeding Rs.5lacs

what is the method of calculating the purchae tax and thier itc .
can itc of purchase tax setoff with out put tax

what are c Forms & why they are require?
what are they meant for? do they have to b filed with some officers

we are a distributor firm.There is difference in our sales & purchase according to balance sheet & vat-20 form. sales are shown one lakh and purchase 250000 extra in balance sheet. what can we do now as we have already submitted vat -20 form. our properitor has applied for assesment and refund of income tax.

Is it possible to charge cst and vat in a single invoice. what will be accounting and taxation treatment thereon??
tk cr:)

Please tel the vat & Cst laibility in following case,

Vat4% purchases:50,000/-
Vat 12.5% Purchase:30000/-

Vat 4% Sales 70000/-
CST 2% sale 30000/-
Excempet sales 10000/-
branch to branch transfer 10000/-

wht is the laibilities