what is the condition for charging 12.5 % & 5 % Vat?means how to decide when 5 % and 12.5 ?I heard that ,when goods are purchased for use then 5 % and if we purchased for resale then 12.5%.Is it correct?

Dear experts,
a delhi based company has given the contract. the contract execute in uttar pradesh. and contractor will issue the invoice from uttar pradesh to delhi. plz let me know does this contractor need to charge the vat or cst in the contract invoice...

plz reply soon.........

HI,
I am looking to start a new business of selling goods (especially apparels) on e-commerce portals like paytm, flipkart etc. I have applied for DVAT number also.

I now that i will have to sell with an inclusion of VAT.

However is it necessary that when I purchase these goods for selling i shuld purchase with pakka bill (with VAT) only.

I have been made aware by some one that i shuld purchase with pakka bill only.

However when i explored the wholesale markets almost 85% of the sellers are selling without VAT and not providing a TAX invoice. It is seemingly becoming difficult to identify dealers to purchase goods from. kind of getting disheartened.

Can someone help me get clarity on this. I just imagine that if 85% of the sellers do not provide invoice then how is the business happening in India.

Have i been given the correct information by the person whom i spoke to?.., Please help

Hi can anybody tell me how to calculate monthly vat payable in sap environment, what types of reports i have to export from sap to calculate monthly vat payable . please tell the procedure in detail with Tcodes

We are the registered dealer under Maharashtra VAT. We sold the material to a customer in Gujarat against 'C' form in the F.Y. 2014-15. At the time of Material despatch the had not provide the detail for sale against E1 form and not provide the separate detail of Buyer and Consignee. Now we are demanding the 'C' form and the customer demand for E 1 form. Can we provide the E-1 now. Please suggest.

Regards,

Anil Mathur

I had purchased interstate and I paid excise duty 12.5 + CST 2% now my question is do I need to pay local vat14.5 % in karnataka or not if yes why if not why ? pls clarify my doubt

I purchased interstate and in dat dey added excise duty and CST and again do I need to pay vat 14.5% in karnataka? pls let me know

Under VAT Composition, is it necessary to charge VAT in bill if client insists so. This is because client claims credit of VAT, he is asking for separately charging VAT in the invoice but we are registered under Composition VAT Scheme. Hence how to convince the client regarding this???? Please Suggest. URGENT!!!

ASSESSEE IS IN DEFAULT OF HAWALA PURCHASE AND LIABLE TO PAY HAWALA VAT. IT PAY HAWALA VAT RS. 108190/- ALONG WITH INTEREST AND PENALTY IS ALLOWED AS BUSINESS EXPENSES? WHAT IS ITS TREATMENT

One of my clients purchased a machinery from a dealer in Gujarat during July 2014 on the condition that C form will issued by my client. My client was not able to produce the C form till date and is also not possible in future. Now the dealer has asked me to pay the difference amount as CST. Is there any interest liability for non submission of C Form? If yes what is the rate of interest.