An Indian company procures orders for some electrical goods from, say US, and thereafter gets these products manufactured from Indian firms (located in the same state, say West Bengal)under its brand name and exports the goods to the US.

Whether the sale made by the local dealers to the Indian company is "Penultimate sale"? If not, what are the implication of this transaction as regards CST, VAT, Excise or Customs.

Please advice.

Dear sir

I just wanted to know that under Gujarat value added tax,whether Vat is applicable for Sale of second hand Motor vehical and at which rate and Provision related to this one

We have head office @ Mysore (karnataka State) and sending goods through the stock transfer to our various branches located @ outside the karnataka against Form 'F'.

Now my question is should we issue the form 'F' to our branches having receipt of the defective or rejected material received out of the stock transfer sent to them against form 'F'?

Kindly reply.

Regards/arun.

Dear Experts,
My client has medical shop. He sells medicines at the MRP Rate(Inclusive of all taxes). His sales for last month comes to Rs.27000/-. He is registered under Tamilnadu VAT. He has not collected any tax amount separetely. The amount mentioned in the bill is MRP Price. Whether he has to pay any tax? If so, How to calculate the VAT? Thanks in Advance.

WHAT IS ENTRY TAX??
PLS GIVE EXAMPLE IF REQUIRED?

c form of short/excess amount received from vendor, the question is whether the sales invoice is required to be of the same amount? As one of debtor has issued C form of different amount (some short & other excess) than our sales invoice, invoice no. and date are o.k.Whether or not it will be a problem during ST assessment? Advice.

Kindly Inform me about Treatment-Tax of VAT if at the time of purchase Import duty is paid, then after local sale with VAT.

- Import duty refund or not
- Import duty adjust with VAT paid or not

Dear experts,

when we make inter state sale, without C form we used to charge VAT on regular rates.

Shall we adjust this output tax against Input credit availale or we have to remitt. in cash to Govt.

pl help.

Can Cash discount & trade discount both be taken to reduce the sales value?

If cash discount is shown as an indirect expense in the books, can it be taken to reduce the sales value?

If cash discount which is recorded after recording sales for the month, can it be taken to reduce the sales value?

In case of a contractee having business establishments in the state of Haryana,if & when a contractee deducts works contract tax(WCT) from the contractor, does there arise a liability on the part of the contractee to deposit the works contract tax with the State Govt.?
If yes, then what is the last date of deposit for such WCT?
What is the penalty for non-deposit of such tax?