in case a CST sale is made to an unregistered dealer, the tax rate to be applicable is vat rate. is this correct
if Yes Please Provide me the source of info. i need a soft copy.
THanks in Advance

Friends i present you the situation herein below and hope to get some of your answers:

We have company situated(Regd Office) in Bangalore, Karnataka. We deal in Corporate Interiors (Works Contract). Recently we are about to get a contract in chennai,Tamilnadu.
Now i want to know how to deal with this.

1.Should i show the Chennai Work as Interstate works contract? If yes, then what is the VAT(Percent) i can claim from my client? whether C Form can be issued by my client for Works Contract?

2.Should i register for VAT in chennai and treat the contract as Local (for Chennai)

Please put some light on this

Regards
Ajith

i have taken a shop space for rent and have the rental agreement.submitted all papers for vat registration. on inspection of premises, vat authorities inform me that the earlier tenant of the premises has not closed his firm as per the records and has arrears. hence my vat application will not be entertained at any cost. Kindly clarify whether i should be penalised for default by the earlier tenant?

ALMOST ALL OUR SALES ARE INTERSTATE AND THE PURCHASES-NEARLY 60% ARE MADE LOCALLY.
SINCE OUR INPUTS ATTRACT 4%/12.50% VAT WE ARE INVARIABLY APPLYING FOR A REFUND. THE CST IS TO BE PHASED OUT IN ANOTHER TWO YEARS. AND IN SUCH A SCENERIO THE ENTIRE AMOUNT OF VAT PAID BY US IS ELIGIBLE FOR REFUND AS CENTRAL SALES WILL BE ZERO RATED. IS MY ASSUMPTION CORRECT?

One of our subsidiaries is located in Andhra Pradesh. It Purchases inputs locally but all its sales come under the purview of central Sales tax. Can Somebody tell me as to hoe much vat input credit can be availed under the Andhra Pradesh Vat ACT ?

as per maharashtra sales tax for a businessman how long (upto which year) one should keep books of accounts say as on 31/3/09
1) Purchase bills
2) sales invoice
3) pur.,sale register and ledger
4) expense ledger, bills, vouchers
5) cheq,slip books, bank statements

sir, my company is registered in gujarat & we are having our work done at haryana by a contractor also registered in gujarat. Now, i want to know the provisions of vat, cst and service tax applicable to this works contract.
Plz reply ASAP.
Thanks.

Hi Experts,


In addittion to my other queries here is new one.

I am buying Goods from outside Delhi @ 2% CST paid by me till now and selling the goods in New Delhi @ 12.5% VAT

My margin in the product after Delhi VAT is not more than 5%

How is the ways I can save on Tax specially knowing when 12.5% is reserved for the Govt of Delhi.

Is there any way out except selling goods outside Delhi ?

Sir,

pls guide me in how many days "C" forms must be issued against purchase against "c" form

WHETHER SET-OFF AVAILABLE ON GOODS PURCHASED AFTER PAYING MVAT @4% & SOLD TO SEZ WITHOUT TAX ??
e.g. AB & cO. PURCHASES GOODS WHICH R SUBJECTED TO 4% mvat & SUCH GOODS ARE SOLD TO SEZ unit .Whether AB & Co. will get set-off or claim refund of VAT paid on purchases?