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

A company deals in computer and related parts. It also provides AMC and services to its clients. On AMC bills they charge 12.36 service tax on basic AMC amount. Thereafter should they levy VAT on basic and service tax amount. The company is not under composition scheme. What difference it will make if it was under that scheme

A company deals in computer and related parts. It also provides AMC and services to its clients. On AMC bills they charge 12.36 service tax on basic AMC amount. Thereafter should they levy VAT on basic and service tax amount. No the company is not under composition scheme. What difference it will make if it was under that scheme

Dear All,

Please clarify the changes in commercial Taxes with effect from 1st Aug2008,in Karanataka state, one of Point(12th Point)
"Contractors Purchasing iron & Steel, Hardware,timber,plywood & Similar goods are liable to deduct tax at source",

Please clarify the Point & what is the process how to follow the point

Thanks & Regards
Durga Prasad Garaga

My Mail ID durgaprasad@asterinfratek.com

Dear All,

Please suggest,

Sir, we are in manufacturing and selling Business. Now the problem is we are sending goods for Jobwork purpose local and out station parties also (Inter State)
One of our party is in Bangalore and we are purchasing goods from local party and sending directly to our bangalore party.
Our creditor is charging 3% CST against form-C. (after completion of jobwork they are return goods to our Hyd plant) In this regard can we issue form-C or Not? If yes, can we collect any proofs from them? One more point is our people also raising purchase order against form-c, 3% CST.

Please suggest me!

Thanks & regards

srinivasuluc

our company(new company) deals with hardware of computers.
recently we purchase a new 20 pcs (pondichary). including exise duty.same pc i was seal here with 4% vat.how can i file the vat
*How can i file VAT
*that is VAT or CST,how much i payable tax i.e 4% r 2%
* some one said that i have to fill the C form
* What is link of C Form AND VAT

Kindly please help me.