A DEALER PURCHASES THE GOODS FROM UNREGISTERES DEALER IN A PARTICULAR MONTH FOR Rs.10000,AND IN THE SAME MONTH HE SOLD ALL THE PURCHASES MADE FROM URD @ RS. 12000, GOODS CARRY A TAXABLE RATE OF 4%.DO LET ME KNOW HOW TO ACCOUTN IN THE MONTH RETURN AND WHAT WOULD BE THE TAX LIABILITY FOR THAT MONTH?

A DEALER PURCHASE THE GOODS FROM UNREGISTERES DEALER IN A PARTICULAR MONTH, AND IN THE SAME MONTH HE SOLD ALL THE PURCHASES MADE FROM URD, WHETHER DEALER FIRST HE HAS TO PAY VAT ON URD PURCHASES, THEN CLAIM INPUT ON OUTPUT OR WHETHER HE HAS TO PAY THE DIFFERENCE OF TAX ALONG WITH MONTHLY RETURN?

1.Why was sales tax replaced by VAT?

2.What is input tax credit?

3.Can input tax & output tax be kept separately over the financial year is it necessary to transfer to input tax credit?

A ltd. issue to invoice on account - B ltd. & consignee - C ltd. Who will issue C form & E1 to whome..

My client has made sales during April 08. CST was paid on the same. However in Dec 08, the customer has returned the material.Can the client get refund of CST or can he adjust the cst on returns against subsequent CST liability?

Hello,
If X purchase some goods from y and y not pay vat then any imact or effect on x which? and if yes how to solved it . what documents submits under vat return and which authority accept this return? urgent reply my email id rashmi_pujara@yahoo.com

In case of Retailers of Drugs & Medicines, if the tax liability on sales is less than the amount of tax paid at the time of purchases, whether the excess credit can be carried forward to next tax period? Whether we have to submit stock statements for the same? Also if for FY 2007-08 the stock statement is not submitted, can we send it now & to whom to send the same?
Please suggest....

we sold goods Inter state charging cst @2% to the customer . but if the customer fails to sent c form of aginst sale invice we raised debit note of 10.5% on it. that time we transfer the differnece amt of 10.5% to cst @ 12.5% and made intry as below party a/c dr. to sale cst@12.5% is it right ? where the diffrence amt treated in P & L?

Hi Sir

What is the last date of VAT return filing?

Regards
Anil

hello every one

Please tell me if we buy goods from other state and paid ful vat @ 12.5% or 4% whatever . Is we can get the input tax credit agst those purchase and if yes what are the formalities for that ot if Not then why


Please reply as soon as possible