IF WE ISSUE TAX INVOICE TO A END USER THEN IS THERE A PROVISION OF PENATLY UNDER DELHI VAT ?

What are the taxes that are leviable on Operational Lease of Medical Equipment? Give the nature and the percentages applicable?

Soft ware developed in banglore registered office and sold to govt department delhi, shall we put vat or cst in the taxation column, now cst is also reduced from 3% to 2% but vat is same for sale of software @ 4%.

A private ltd company has changed its name under approval of the ROC. Shall they cancell their existing VAT registration and to take registration afresh in new name under Kerala Value Added Tax Act,2003.

We are purchase a scrap from export industries and selling to the engineering companies in that we are not paying or collecting VAT please clarify this. either in this scrap is under VAT or any exempted goods.

The details are as follows:-

1. We are in manufacturing of rubber products which are used by various auto industries. For making this Rubber Products we have to develop & make tool/mould. We are giving this job of making the tools/moulds to other party who in return charges us VAT in the bill.

2. The sale of moulds/tools is not included in our main business.

3. We are also exporting the Rubber Products. The export party wants the two separate bills i,e. tool cost and regular sale.

4. The export party gives us tool cost amount in advance separate from regular export sale.

5. We are taking the Input VAT credit on the making of the moulds/tools.

6. The moulds/tool physically remains with us as a property of the export party. They are not physically exported outside the country.

7. The export party after the completion of said order (say after 5-10 years) demands the scarp value of the above moulds and tool.


Our queries are as follows:-

1. Whether we have to consider the sales of mould as export sale or treat the whole receipt as indirect income.

2. Are we liable to pay “VAT” OR “Service tax” on the above sale of Moulds/tools? If yes, please give a detail idea as how ?

3. Whether we can show the above tools as our asset and claim the depreciation on the above moulds/tools?

Hi!

i want to know about the sale against E-I, E-II. Plz tell me in detail.

thanks

Hi! All of U

i want to know that what is time limit to file the revise return under VAT-Delhi.Can i file the revise return for F.Y. 2006-2007 in the m/o Oct,08.Assessment for A.Y. 2006-07 is pending.

thanks

1)What is different between consignment Sale And Branch transfer.


2)Can I take set-off on printing and stationery by What %

please let me know

sir, our claint was a contruction produts supplied,he was a billed to chennai and supplied to ongole . then he sent under cst or vat tas plz suggest imdtly