my client has received a big order from sez delhi for manufaturing the machinary my client will mfg the machinary and will sell to delhi cient in sez unit against CST Nil against form I. i want to inquire whether he will be fully eligible for setoff of vat for local purchase made if not how much reduction in setoff to be made for such vat leveid on local purchase in maharashtra.

Dear Friend

A company has deducted TDS on Vat for a Civil contractor Bills Rased but the Civil Contractor has not Charges or Rased bill with Vat.Where Should I Account TDS on Vat In Current Asset OR as a Direct Expense.

Please Say

Regards

mr.A,a dealer with annual gross turnover of Rs.2,00,000.He has not opted for composition scheme.he is not a registered dealer too.
mr.A deals in purchase & sale of goods.
will he be allowed to set off his input tax against output tax?
can he further transfer input tax credit to any further registered dealer,who purchases good from him?

Dear Sirs,

Can Cement,steel & Febrication Business Owner will take Lumpsum VAT System or they must have to take Regular VAT System ?

Pls give me any GOVT File or Link


Thanks in Advance

Will C.A.'s mandatory Certified Annual Return on FORM VAT 20 amount to having fulfilled the requirements of mandatory VAT audit for dealer having T.O. +50Lacs p.a. and to be treated as subsitute to presribed VAT AUDIT REPORT on Form 22A or 22B.

DEAR SIR/ MADAM

AN ASSESSEE PURCHASED FROM VAT DEALER AND SAME STOCK SOLD OUT OF STATE IN THIS CASE

1. ASSESSEE IS BROUGHT FORWARD OF VAT INPUT IN BALANCE SHEET (OR)

2. VAT INPUT SHOWN IN P&L A/C.

3. CST 2% AND CST 4% IS SET OF WITH VAT INPUT A/C

PLEASE TELL

THANKS IN ADVANCE

DEAR SIR/ MADAM

AN ASSESSEE PURCHASES FORM VAT DEALER AND THIS PURCHASES SOLD OUT OF STATE AND HE WAS COLLECTING 2% CST AT THE TIME OF SALES

AT THIS SITUATION HE IS BROUGHT FOR WARD VAT INPUT IN BALANCE SHEET AND CST PAYABLE TO GOVT SHOWN IN B.S.
OR
VAT DEBITED TO P&L AND CST PAYABLE TO GOVT SHOWN IN B.S.
OR
CST IS DEDUCTED IN VAT INPUT A/C
WHAT IS THE CORRECT METHOD. PLEASE TELL ITS VERY URGENT

THANKS IN ADVANCE

We are Delhi based interior designers Registered with Delhi govt. for DVAT. We have no presence in Maharashtra.
Our Client located in Mumbai wanted to Open an office in Delhi.
We were awarded the contract for renovation work to be carried out in Delhi.
On assessment of final payments we find that a deduction of 2% is made towards MVAT from our payment and certificates have been sent to us.
Is it right to deduct MVAT at source when work was done in Delhi for a branch office to be opened in Delhi?
And in case of wrong deductions how can we get the refund?

Hi All,

One of my client in Karnataka is planning to import a elevator directly from china (without using any intermediate). Whether Entry tax is payable in Karnataka on such imports...? If yes, at what rate...? If no, kindly provide the exemption notification number, if any.

Thanks in advance

THE ASSESSEE IS A REGISTERED DELAR UNDER VAT AND CST . THE FINAL PRODUCT IS TAX FREE I.E. THERE IS NO VAT AND CST ON SALE OF PRODUCT /SERVICES BY THE ASSESSE
1) CAN ASSESSEE BY GOODS AGAINST C FORMS AND ISSUE THE THE SAME IN FAVOUR OF SUPPLIERS
2) WILL IT MAKE ANY DIFFRENCE IF THE PURCHASES ARE FOR FIXED ASSETS FOR SET UP A FACILITY BY THE ASSESSEE
3) WHAT ARE THE REMIDIES IN CASE PURCHASES HAVE BEEN DONE AGAINST C FORMS