I was not charging VAT on my bill as the turnover was not exceeding 5 lacs. since now my turnover exceeds 5 lacs and i had applied for VAT registeration, shall i raise debit note on billing for collecting output vat on previous bill. Any other way to setoff VAT as my most purchase are from outside the state

We intend to clear our custom duty obligations through DEPB.

Whether DEPBs are subject to VAT or CST? If yes, what are the prescriber rates?

Can VAT paid for DEPB be used as input credit?

if "X" provide trucks on rent or hire on monthly rental basis, i want to know on this rent VAT would be applicable or not but ownership of truck will remain with "X".


i read definitation of "sale" in which it has been mention that SALE include " transfer of right to use goods for any purpose" & in "GOODS" definitation moveable property is include.

I received a Bill from Dealer its Details given blow:
Refind 360Tin @ 592.00 Rs/Tin Total 13120.00
Discount Received -1080.00
Input Vat @ 4% 481.60
---------------------------------------------
Sub Total 12521.60
Add: Insurance 1080.00
---------------------------------------------
Sub Total 13601.60
Less: Cash Discount -1080.00
---------------------------------------------
Amount Payable 12521.60
=============================================
Pls Tell me How can i do in Tally 7.2

Dear Sir, We have Brnach at diff location supposed we are purchaseing the product in Jaipur at 4% vat and transfering the same through stock transfer machanisum (issuing F Form)to the Delhi Branch. Where we can claimed input (Rajsthan or Delhi)

Hi to all my friend has vat no but he is not having CST no. but still he is selling goods to outside maharashtra and he has not filled any VAT return so how to solve this query
currently he is asking me that whether he can pay VAT instead of CST on goods sold outside maharashtra
please help me in this topic

what is the time limit for filing C form to claim input tax credit

hi frnds......
Mr XYZ is doin business and is a proprietor namely in M/s ABC1, M/s ABC2, M/s ABC3.
MY doubt is
will there will there be different VAT registrations for the above mentioned ABC1,2,3???
IT MEANS three VAT registrations
am i rite?
pl guide friends

thanks in anticipation
Regards
Sangita

Dear Sir,

We have received an H form on basic value basis as the excise part is being charged by us for availing cenvat credit and the central excise refund is also being claimed by us. Now the Sales Tax department asking for full value of H form i.e. basic value + excise part. Kindly let us know the issued H form is correct or wrong and what answer we could give to sales tax dept.

Dear All,

We are Ltd., Company. Engaged in manfacuring of Plastic Pails & Pouches.

We are having 2 units, in the one unit we are manfacturing the above said items and sale the same to our customers.

in the another unit, we manfacutring the same items on jobwork basis to others. The Raw material will be supplied by them. my queqy is can we claim input tax credit (on capital goods & Maintenace Exp.(Machinery & Plant) of the unit where we don't have the liability output tax.

can we adjust the input tax credit with output tax payable at another unit.

Please suggest us along with relevant sections.

With regards.
Rama Krishna.
Jr.Executive -Accts.