Dear All on Purchase of Capital Assets under Maharashtra VAT. What is the ratio or Rate for which we can take set off in VAT and What is the Ratio or Rate which we have to Capitalized for All types of Assets like Plant and Machinery, Computer, Software Etc. Can We Take Hall VAT Amount as Set off on Purchase of Capital Assets Pls Help Me, Thanks in Advance

Is a workscontractor having EPC contract for the construction of PowerPlant a manufacturer?
Do a workscontractor purchase goods as industrial input at concellational rate?

Our company purchased some Fire safety equipments which to be installed in factory.

Can we take VAT credit of the same?

Can any body tell me about Form E-1 with regard to VAT? Purpose of the from and who is liable to pay VAT against E-Form. Thnaks in advance

if we have done WCT with hospitals like their interior or etc do we have to apply WCT tax on that, if yes then what %

what is URD Purchases? If we do purchases for wavier, then how to account it as "purchases" as they don't provide us purchase bill? How can we generate self purchase bill? Pls answer this query according to "karnataka value added tax act"

whether car is eligible capital goods to claim input tax credit if no what is the accounting treatment for input tax & output tax on Purchase & sale of car

hello sir/mam,

i m purchasing some material inclusive of vat and thereon an amount of subsidy is also given by the suplier.

i want to know that whather should i take the whole input VAT credit or propotionate VAT on material cost after subtracting the subsidy theron?

e.g.
material cost 1200
VAT theron 48 (@ 4%)

total price 1248

let subsidy 624

net amount payble to suplier 624

now i have two opinion.
1:-

Input VAT credit will be 24 {i.e.(1248-624)*0.04/1.04}

and the second one:-
Input VAT credit will be 48 {i.e.(1248*0.04/1.04} means the whole Input VAT.

what should i do???

Sir,

We are producing Refined oil & purchased goods from exempted unit(PSI-1993).

Exempted unit raised invoice upon us, without charging VAT, in that case whether we can claim a VAT SET OFF.

If yes, what is the procedure.

Kindly furnish me the rate of VAT on spare parts of Diesel Generator sets (i.e spare parts of engine & alternator)in Gujarat state. Also, provide me the Schedule & Sr.No. defining the rate of tax. Thks & Rgds.