A company selling goods to their customers recovers freight through their invoice at a specified rate.(ie Rs per quantity supplied). Whether the company is liable to pay VAT on the freight amount?? The company now pays VAT on the sales amount net of freight. Is this correct??? Is the company liable under Kerala VAT and Karnataka VAT sice the company has branches in both the states??

Dear experts

Unit is purchase and used various electrical items for expansion/modification/generating of plant.Can ITC claimed on these type of electric items?Ifyes what type of supporting documents required to prove eligibility of credit?

Thanks

Sandeep

Dear sir,

We are awareded a contract to a Party in view of suply of Granual Sub base(GSB) to our Road works.

1. The Rate inclusive VAT
2. Party had submitted invoice on 06.06.2008 with out specify VAT amount intheir Inovice.
3. Now the auditor pointout in this matter for collection of VAT from contractor for thier subsequent bills( 4%).

Can we deduct this amount from their subsequent bills on 15.07.09?

Hello Sir, Madam,

I am in the process of buying a residential flat in Bangalore. The proje ct is under construction and the posession will be in Dec 2010. My query is 'Whether kvat is applicable to the cost? if yes, what is the percentage. Further, is Service tax applicable?

Thankyou for your time.

Regards
Uma

We have raised a part bill no. XIV for Rs. 50 lakhs for works done in Kerala. Date of bill no. XIV is in Feb. 2008 and WCT is 4% then. CLient released 31 lakhs in March 2008 deducting 4% WCT at source. Balance 19 lakhs was released in April 2008, again deducting 4% WCT at source. Actual rate was revised by Govt.to 8% in April 2008. Now, in July 2009, CLient is preparing final bill, and says they are going to deduct WCT @ 8% on the entire 50 lakhs.

Are they correct in applying 8% on entire 5o lakhs? Or should it be applied only on 19 lakhs? Or should they deduct only4% for entire 50 lakhs? What is the correct date for determining applicable rate of WCT?

Suppose ‘A’ in Mumbai (Maharashtra State) received Works Contract Order for Construction of a Building from Calcutta (West Bengal). The Site is at Calcutta (West Bengal). Both A and B are registered under VAT in respective States.

Question:- Which Tax will attract for “A”. Whether Interstate Works Contract or Works Contract Tax of West Bengal.??

what are the consequences if the vat/cst returns are filed delay

WE are filling retun for month of May 09. but cst 2% not paid for the month of may09 , can we have to file revised returnor not? can explain

One of the duties of dealer opting for composition schemes under theses rules is :
they shall not collect tax on their sales.(sub rule 3 of rule 138,139 and 140)

It means dealer registered under composition scheme can not collect VAT separately on sales and also can not show it on invoice.

Please confirm.

We are deducting tax under wct from our contractor what next ?




Pankaj