if we are software developmenrt company. And we purchase air conditioner VAt is charged on the bill.And we capitalised it to the Airconditioenr -Fixed Asser . Whether will we get set off for it?

I AM RUNNING A COUNTRY LIQUOR SHOP SINCE DEC 2007.

IN CURRENT FINANCIAL YEAR I CROSSED RS. 500000 LIMIT SO I TAKE REGISTRATION IN CURRENT YEAR.

BUT IN LAST YEAR I DID NOT TAKE REG. AS I AM BELOW LIMIT.

SO NOW QUESTION IS WHETHER I HAVE TO AUDIT UNDER MVAT FOR THE LAST YEAR ALSO EVEN THOUGH I AM NOT DEALER.

Our's is a software company registered in Karnataka under VAT act. We intend to buy the fixed assets (FURNITURE & FIXTUES)from another software company who is also a dealer under VAT in karnataka.

These assets were purchased way back in 2001 during sales tax regime. Since this is becoming a second sales, the dealer has right to charge VAT? If yes, at what rate they should collect VAT and why?

please explain in detail about Form 'F'

and what is the tax liability

which documents to produce for getting Form 'C'

thanking you
Balu

Hallo Frnds,
I wanted to know which 704 form should be used for vat audit report for F.Y.2007-08 (New 704 or Old 704)

hello freinds i have company doing local sale in dvat-16,17 i want to know that can a agent signe with his common seal in place of propriter for return purpose

please give me advise

thanks

Pls. tell me whether vat is applicable on rent on machinery & if yes what is the percentage? Whether we can take input credit or set-off on that. Pls tell me why vat is charged on rent on machinery. u/s which section or rule of vat it comes.

Also, service tax is applicable for the same under Section 65, Clause 105, Sub Clause zzzzj.[Ref.:Services for use of tangible goods (Section 65 clause (zzzzj)): Services provided to any person, by any other person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of possession and effective control of such machinery, equipment and appliances]

Clarify whether both taxes are applicable on same product. If yes, what shall be the invoice format?

Is the new 704 form applicable for f.y.2007-08.

one of our client is in business of doing job work of textile(making of clothes)as they dont charge vat on sale of job work .So whatever purchase they are making which is charged with vat .will they get refund for that? The company situated in Borivali maharashtra state

Facts :

X, who is a direct exporter purchased 250 sewing machines and leased to a job work contractor,say Y, who inturn, does job work only to that exporter and for none.

Is it possible to claim exemption as per subsection of Sec.4, since there is levy of tax on transfer of right to use any good, but if the same is used "in the course of export of goods out of territory of India", the lease shall be exempted from tax.