I want to know how to calculate set off against rule 53 of mvat.

kindly also give me the formules for the same as soon as possible

What is the WORK CONTRACT under VAT act ?

if tds deducted on work contract under VAT act. is it nessory to deduct TDS under INCOME TAX act.

Can anyone please guide me how to make Vat entry during purchase and sales. ?How to make service tax entry during sellin of service and taking input service.? Our client is Hotel so luxury tax would be leviable so what will be its %.? Morever the vat and service tax would be levieable on gross amount after luxury tax? Please guide. Thanku for ur cooperation.

What is the time limit for filing of half yearly DVAT/CST online return and what is the time limit for submission of hard copy with challan.Please clarify what documents should be filed with hard copy of return.

Kindly advice me on High Sea Sales

What is High Sea Sales
How it is accounted
VAT on High Seas Sales
and other related matter

Dear Sirs,

We are planning to get registered as dealer under Karnataka VAT Act.We will open a depot in Bangalore.We will purchase goods from outside Karnataka ,stock it in the depot at Bangalore and sells the same to outside the state .There will be no local purchase or sale.Our products are Diesel Generating Sets and Earthmoving Equipments.
Kindly clarify :
1) Whether Entry Tax is payable by us.
2) What forms are required for entry into and exit from the state towards inter-state purchase and inter-state sale of our goods.

Thanks

tapas kumar

If One Co. Sales his manufactured product "X" giving offer "Y" free on it showing in invoice (which is not manufactured by Co.
Is their any liability to charge Tax on "Y"
If No Is Co. Take Vat Input on purchase of Y Items?

Dear All,

We are the manufacturers ready mix concrete in karnataka.
We have purchased the Transit Mixers (10 wheeler) which are used in transport of concrete to the cleints.

Can you suggest whether the transit Mixers bill vat amount take it as a input tax.
Whther it is restrictabel capital goods to avail input tax?

Kindly suggest according to the Kar govt vat and tell if there is any notifications in this regard?

Sir,
I am working with construction company where initially VAT was opted in normal scheme as there was no existense of WCT.For the financial year 2006 - 07 and 2007-08 , we had filled return in the normal scheme (means taking the input credit) but now we had calcullated that if we switch over to WCT Composition scme then there is lot of savings.

Please guide us can we switch over to composition scheme in the mid of contract??

IF A CLIENT/ DEALER HE IS DEALING IN THE MANUFACTURING OF SIGN BOARDS AND IS A REGISTERED DEALER. I JUST WANTED TO KNOW WHAT PERCENTAGE OF VAT HE SHOULD APPLY (4 % OR 12.5 %) WHEN HE MANUFACTURERS & SELLS THIS GOODS.
NATURE OF BUSINESS ON THE CERTIFICATE OF REGISTRATION ARE AS FOLLOWS:- RESELLER, MANUFACTURER, RETAILER, WORKS CONTRACTOR.

OUT OF WHICH HE ONLY TAKES ORDERS OF MANUFACTURING & SELLS IT TO THAT PARTICULAR CLIENT.

PLEASE ANSWER ASAP.

THANKS & REGARDS