Suggestion is required on the following matter:-

Facts:
There are 4 person, the status of the these four is as follows:-
1. A Ltd Co.,
2. Mr.X, an individual
3. Mr.Y, an individual
4. B Pvt. Ltd. Co.
Each four are having one mine at Udaipur. Beacause as per udaipur royalty rules a person can not have more than one mine, so A ltd decide to hold the mine in the name of the other person as mentioned above. each of four will be liable to file royalty return individually.
Mr X & Mr Y, Both are the promoter & Director in A Ltd. & B. Pvt. Ltd.
B Pvt Ltd is to be merged w.e.f. 01.04.08 in A Ltd. & matter is pending with the honr. high court.

Now the query is-----

If there is a MOU between these four person i.e MR.X, Mr.Y,A Ltd. & B Pvt. ltd. that All assets to be used in mining process will be hled by A Ltd & all revenue generated through mining business will be of A Ltd.
Mr. X, Mr .Y & B.Pvt. Ltd will get Rs 5000/- p.m from A Ltd. against use of their name/right in mining.

What will be the sales tax, service tax, & royalty provision in this regard.

Thanks.

Hi,
we have to send materials from chenani to Gurgaon to a customer who is in SEZ and he had submitted the form to us.
Actually we are sending the materials thro our Supplier to the customer directly.
In form 38 whether we have to fill our name or the supplier name who is sending the materials on behalf of us.
Also confirm whether the materials can be sent thro Delivery challan or invoice is compulsory.
Pl advise.

I have retail shop at tamilnadu. I have applied for TIN and got alloted also. Since the volume of business was less than Rs.10 Lakh. as per local salestax authoriities i kept quiet. This yearmy business has gone up and i am doing more than Rs. 10L. But I found that my TIN no is inactivated. Local authorities suggested me to go for fresh application. But my concern is i am supposed to pay tax for the existing TIN No., since i made the business quting with the existing TIN No. Now what should i do?

THE MATERIALS SENT FROM ONE STATE TO ANOTHER CAN TAKE UP TO 15 TO 20 DAYS.

FOR INSTANCE WHEN WE SEND THE MATERIALS TO ANOTHER ON THE LAST DATE OF THE QUARTER AND THE MATERIALS IS RECEIVED BY THE DEALER IN THE RECEIVING STATE IN THE NEXT QUARTER, HIS CONTENTION IS THAT THE DATE OF RECEIPT WILL BE REKONED FOR ISSUING THE C FORM. IN OTHER WORDS THE C FORM ISSUED AGAINST OUR INVOICE SAY RAISED ON 30.06.2008 IS ISSUED BY THE RECEIVING DEALER IN THE SECOND QUARTER (ie JULY-SEPT INSTEAD OF APR-JUNE) WILL ANY BODY CLARIFY THE CORRECT POSITION?

Company 'A' is engaged in exports.So it has availed the input VAT (GVAT) and calaimed the same as refund for F.Y. 2007-08. Now the Sales tax dept said no for granting the said refund.Can the company claim the vat of F.Y. 2007-08 as expenses in the current year 2008-09.

In MVAT, under CST

Can we collect one single declaration under Form H for entire year.

In the circular or notification it is nowhere mentioned that Declaration under Form H has to be quarterly.

If there is any such circular or notification please give me.

CAN ANYONE GIVE ME VAT TREATEMENT FOR GOODS RETURNED TO SUPPLIER AND GOODS RETURNED FROM CUSTOMER.

DEAR SIR,

I AM HOLDING A PROPRIETORY FIRM BY NATURE OF BUSINESS AS TRADING AND / CUM CONTRACT BUSINESS OF BMC / MAHADA.

HEREIN KINDLY GUIDE ME :

1. WHICH RETURN SHOULD I FILE FOR ACCOUNTING YEAR 2007-2008.
2. AT WHAT RATE SHOULD I PAY M.V.A.T. PAYABLE ON MY GROSS RECEIPTS.
3. AT WHAT RATE COULD I GET INPUT TAX CREDIT ON MY PURCHASES.

KINDLY GUIDE ME AT EARLIEST, AS TODAY IS LAST DATE OF MY RETURN FILING.

REGARDS,
KALPESH TANNA
9223209202

My Company has a client who intends to purchase Office furniture from us against C form. The client states that he intends to rent out the furniture for a MNC who is a lessee of its sister concern for a monthly rental or hire charges.

Can we accept the order against C form?

Dear Sir,
Whether VAT is applicable on Booking Advance received for Flats under construction.