Sir,

We are issuing invoice for Vat Tax and Service Tax items and also calculating the Vat Tax for both items. But should we pay service tax separately for the same item? Should we pay even though we paid vat Tax?

I want to ask one thing that if we sale to someone then in which conditions that party deduct our TDS on Payment and which rate. Please Reply me soon its too urgent.


Waiting for your valuable reply.

i have studies that gold bullion are charged at 1% and those gold found in bulk
and there was a notification SBT u/s kerala commercial saying that gold of 5gm 10 gm gold bar are to be charged at 4%
so what is it suppose to mean
i have filed a return for sale of 1 kg gold
purchased from MMTC who charged me 1% so i charged the same but assessing officer has given me a notice of best judegement with based on the notification of SBT so what is it

can a purchaser take VAT credit on the purchase of machinery items booked under the head repairs & maintenance?

The vat paid on purchases of fixed assets during the pre-operation period can be claimed as refund(since there is no sale during the preoperation period).

Can this refund be adjusted for the payment of sales tax after the operation starts or one has to specifically apply for refund(by submitting the required application Form)

Please reply... It's urgent.

This is query related to TIN registration.

If one person having 3 propritory concern do he need to register for 3 concernd seperatly, ( all 3 propertitory concern within Maharashtra.) or do he only need to declearation.

Dear Sir,

I am working in company as an accountant and return filling on quartely basis and when i filled my VAT & CST return i got some defect, wrongly i mis calculte VAT & CST both. 3 bills are pending to be enter
now so i want revise my vat & cst return and i want pay balance VAT & CST amount with intrest.

WHAT IS THE RATE OF INTREST OF VAT AND CST TO BE PAYABLE ON PENDING AMOUNT.

THANKING YOU
HARISH
09313022338

Sir

One of our Client is having two business
1] Sale of Tax free Goods
2] sale of Poultry feeds

In first case turnover is not exceeding 40 lac
In second case turnover exceed 40lac but there is no Vat on sale or purchase.

As there is sale of tax free goods only.....
so is Vat Audit Apllicable under M Vat Act?

Sir,
Iam a trader who buys in tamilnadu and sell in other states. Now, if i buy outright, i suffer 4% VAT but on sales i collect only 2%CST. This way i stand to loose 2% where as often the margin i get is only 3%. What i intended to do is to act as commssion agent buy goods on consingment purchase and do a CST sale. Tax so collected will paid by me every month ans i shall give sale Pattial and Tax paid certificate to my principal.This way i will save not suffer 4% VAT and save 2% on tax.
The problem is many auditors are saying that this mode (Consignment Purchase)of business is not allowed after introduction of VAT. Kindly clarify if the auditors are correct.

The local authroties are denying Input Credit to registered dealer(Trader) on purchases made from local manufacuring units(Registered Dealers)and sold in the course of Inter State Trade or Commerce against Form "C" by referring to section 21(4)(c)read with first proviso of Jammu & Kashmir VAT, 2005. For the sake of clarity the relevant section and proviso are reproduced hereunder:
21.Input tax credit.- (1). Subject to the provisions of the Act, for the
purpose of calculating the net tax payable by a registered dealer for any tax
period after being registered, an input tax credit as determined under this section
shall be allowed to such registered dealer for the tax paid or payable in respect
of all taxable sales other than the sales as may be prescribed, or purchases under
section 14 during that period.
(2) The input tax credit to which the registered dealer is entitled to shall
be the amount of tax paid by the registered dealer to the seller, on his turnover of
purchases made during the tax period, intended to be used for the purposes and
subject to the conditions as specified in sub- section (3), sub- section (4) and
sub-section (5) and calculated in such manner as may be prescribed.
(3) Subject to such conditions and restrictions as may be prescribed,
partial input tax credit may be allowed in such cases as may be notified by the
Government.
(4) Input Tax credit shall be allowed for purchase of goods made within
the State from a registered dealer holding a valid certificate of registration and
which are intended for the purpose of -
18
(a) sale or resale by him in the State ;
(b) use as raw material or as capital goods in the manufacturing
and processing of goods other than those exempt from tax under
the Act intended for sale in the State ;
(c) sale in the course of inter-state trade and commerce;
( d) sale in the course of export out of the territory of India; or
(e) for use as containers for packing of goods other than those
exempt from tax under the Act for sale or resale in the State:
Provided that in respect of transactions falling under clause (c) input tax
credit may be allowed on the tax paid in excess of 4% on the raw materials
used directly in the manufacture of the finished products:

Kindly advice