What is treatment for input tax credit on capital goods for a manufacturing company.... Can it be adjusted against VAT liability.. Plz explain...

please advise whether we could transfer the spare part to other company books through journal entry and wheter vat is applicable on such transfer or not

1)
whether CST which, paid on purchase of goods, can be claimed against VAT output..

2)whether input CST is eligible against output CST


pl. explain in detail...

Dear sir,

What is the last date of filing of vat return and if i regularly file the vat return but for some reason i missed the return for more that two quarter what should i do is there any penalty for that pls explain

thanks and regards

Can the CST payable for a period be adjusted against the Excess Input Credit available after adjustment of output VAT? If yes, plz let me know the relevant section under CST Act.

This is urgent plz.

What is Vat?

What is the current rate?

Dear Sir, I am in maharastra in public ltd.co, we had purchased one trailler cabin and triple axle running gear for tank mountaning from maharastra, this tanker we use for our raw-material transportation for inter branch stock transfer and material supplied to parties, can we get benefit of VAT for the purchase this vehicle.

a dealer has charged VAT on cost of material and on Transportation loading and unloading charges. As per AP VAT Rules is the VAT applicable on Transportaion and Loading & unloading charges. please clarify

Dear sir,

i want to know that i regularly file a vat return quarterly but because of no sale purchase the vat is nil and i missed the vat return for two quarter.

Sir i want to know that is there any penalty for the above missing or what should i do for further vat return.

pls clarify me

thanks and regards.

Dear members.

due to some financial crunch my business had suffer loss.

so from now i have decided to close my office & close the business.

i just wanted to know how can i clsoe the VAT registration & what is the procees.

also do i have to keep previous accounts , if yes for how many years.

please reply to my query soon.

Regards.