1) Is VAT audit mandatory in Karnataka for private companies who get their books audited under Companies Act as well as income Tax Act?

2)When is the last date for filing of Form 240 under Karnataka VAT?

3)Once an establishment is registered under Karnataka VAT should it be renewal every year like it was being done earlier under the Karnataka sales Tax Act? If yes, please let me know the Form to be used, the last date for filing such form as well as the fees to be paid for renewal and the cheque in whoes favour renewal fees is to be paid


4) Can one submit monthly KARNATAKA VAT form 100 online?


Kindly answer the questions pointwise in the order they are asked

Thank you

my friend, an NRI, wants to setup a trading business in india.goods( consumable goods) are imported and sold in india.My queries are

i)whether he is liable to pay VAT on imported items
ii) is he liable to collect VAT on subsequent sale in India, if yes, what is the percentage of VAT.

iii).whether he is eligible to get VAT input credit

Whether Hospitals are liable to Collect and Pay VAT (As per Maharashtra VAT Act) on sale / Supply of Medicine to the their Patients Only if the total sale / Supply is amounting to Rs.1 Crore during the current F.Y and this is the 1st F.Y of the Hospital.
Please reply with related section / circular.

U can also reply me at: veerbhan_tharwani2006@rediffmail.com

We are a dealer of Andhra Pradesh. We have purchased a good from a dealer in Kochi. The Kochi dealer has charged Additional SSC 1% on CST. Can any body tell me what is Addl. SSC 1%. Whether I must pay this 1%.

The reference to the circular with respect to issue of "C" forms for purchases of materials which are directly used for processing and the purchases which are not directly connected with the processing of the goods in question involved in execution of works contract shall not be entitled for issue of "C" forms.

Are consumable such as bearing, spares, accessories, hardware, paints, chemicals, diesel considered as directly used for processing?

In case of purchase of capital goods such as plant and machinery can "C" form be issued?

i want to know if a hospital can take credit of vat on items (medicines) purchased assuming it is registered and what is the case with regard to machinery purchased for performing operations

what is Funda of C Forms under CST?
when are they required under purchase & Sale of Goods?

Can anybody give me the new notification dated 30.05.2008 for change of CST rate from 3 % to 2 %.
Thanking you in advance.

Hi Nilesh Damji,

can be set off VAT paid on centralised purchasing with VAT payable on sales by various sales depot in various state?

We have a head office at DELHI and all purchase i.e. raw material and packing material through head office and transfer to manufacturing unit in other state and thereafter finished good t/fd to sales depot in other states.

Vat paid on such purchases can be set off against vat payable on sales by such sales depot in various states.

pl clarify on the following -
hotel tariff goes like this :
Service charges 3 % on Room Sales ;
5 % on F & B sales
VAT : 12.5 % on F & B

Restaurant bill goes like this -

Food sales : 1,000
Service charges -5% : 50
total : 1,050
K - VAT - 12.5 % : 131
Total : 1,181

Is this correct ? does service charges attract K VAT ?

please clarify