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?

Sir,

i am working in Construction Company as Accounts Manager. Previously i worked in Bangalore i dont have much knowledge on AP Vat.

our company is Civil construction company we are under Vat -

what is the rate of Out put tax on gross bill

For example : We received RA Bill from RWS dept

Gross bill = Rs.1,00,00,000

what is the rate of Out put tax on Gross bill

Thanks& regards,
r.maheswarareddy
rmaheswarareddy@yahoo.com
9000993255

Hi Experts,


I am registered VAT dealer in Delhi dealing in Helmets and other merchandise products.

I have a DVAT TIN number assigned to every dealer Delhi.

I have customers in and around India and I want to send some goods to my customers outside Delhi.

When we sell something out of Delhi it is considered a CST sale or Interstate sale.

Thereby from a registered dealer to registered dealer outside Delhi would require getting C Form executed in our favour.

However, we are not selling goods to registered dealers but to the consumers.

These consumers are just like you and everyone who wants to buy goods from us BUT afcourse CANNOT give us C form.

My question here is -:

If I sell goods worth Rs 900 to an individual in Punjab, I will charge a CST of 2% on the Invoice.

Do I also have to pay DVAT of 12.5% also ?

Please advice and a brief explanation would be really appreciated.

Regards,
Sudhanshu

Sirs,

It was 12.5% VAT on plastic water storage tanks in Kerala when KVAT was firstly implimeted. Later it was reduced to 4% after two or three months. But now the commercial tax department has issued a notice to us for the year 2005-06 stating that the VAT rate on plastic water storage tanks is just 4% but we have taken input @12.5% illegally. So they want to disallow the higher rate of tax. It is the fact that our supplier had issued us invoice charging 12.5% VAT on plastic water storage tanks and we also collected and paid VAT @12.5% on this. So can you please help me by sending any order issued by the commercial tax department in connection with reducing the rate of tax from 12.5% to 4%? Or the exact date when the tax was reduced to 4%? Kindly help me.

Moideen Kutty