Dear Frnds,My client had some goods in stock.while they purchased them VAT credit availed.but after some month in same year they converted them into Assets for company use.so plz do give me what entry to be passed with what amount and also treatment of VAT credit already availed.thanx in advance

I want to know that why is VAT applicable on works contracts not service tax, though work contractors provide service not sale goods???????

Regards,
Nitin panthri
(nitinpanthri@yahoo.com)

Dear Sir,

Our Company Based at Hyderabad and selling the Stocks to Tamilnadu Distributors

VAT is exempted on the Sales in Tamilnadu

Shall we liable for CST eventhough the VAT in Tamilnadu is exempted on the Goods ?

Thanking you,

Hello sir,
I wanna know whether freight charges included in the sales bill shown seperately and no mvat charged on the f.r Charges
Is vat chargeable on Fr charges disclosed sperately in the bill?
What is the remedy one can adopt?
The disclosure of the Sales Bill is as follows:
Sales Items (Basic)
Add Vat 4%
Gross Amt
Add Freight Charges.
And Also suggest measures to avoid future liablity of Vat Tax Amt.

Thanx in Advance

Can a manufacturer and exporter purchase raw material used in the manufacture of finished goods for export against form H?

If no, what it the exporter's liability in case where he has purchased goods by issuing form H?

Thanks.

An assessee engaged in the fabrication works for that he is purchasing the steels and rods. While making the above purchase he would have paid VAT so he can claim it has input credit.
The same assessee is purchasing the things for administration purposes like notebooks, pen pencil, tools to maintain office. while making the above mentioned purchases the assessee have to pay VAT.

My question is,,
1. Whether he can claim the Input Tax credit for the purchase mentioned in second para (supra) made by the assessee?

2. If he can avail it as input tax credit, the purchase amount (purchase value of administration tools)should be included in the VAT return as Purchases of Goods?

The Basic Bill Amount is 175600. Excise duty is 25321(14.42% on 175600). In this case on which amount VAT should be Calculated Whether it is on 175600 or 200921(175600+25321) Plz clarify me In which section this topic disscus?

What is FORM-C? to whom it has to be given?

A dealer has charged vat on freight chrgs included in the bill? Does the vat permits to levy on freight amount.

If the supplier given the invoice of Rs.1000 and VAT @ 12% i.e Rs.1120.And afterword they gives 10% discount on Rs. 1000 i.e Rs.100. Whether the supplier has reverse the VAT amount also by 10%.