Actually the Section 60 of Gujarat VAT Act requires Tax invoice to be raised for sale to VAT dealers. For Inter State sale we need to raise a separate series of invoice. For unregistered dealers we need to raise retail invoice. Unfortunately the section 60 of the Gujarat VAT prescribes heavy penalty for non compliance.
I personally feel these provisions do not any way plug the loop hole of any revenue loss to the department.

I want to know that what can be intenstion of the department behind imposing huge penalty ?

The client has a factory at Gandhidham (Gujrat), from where he first transfers his goods to Mumbai warehouse, and then sells his goods to Mumbai customers charging VAT. In this way he avoids CST. Is it correct?

Hello,

Is is possible to availe and utilise credit on CST . Please provide me the details of section and and example(CaseLaw)


Thanks in advance

CA Tejashwini

on 31st march 08, my VAT a/c shows a credit(refund due)of around Rs. 4 lakhs. Should i claim for refund or should i carry it forward in the next year to set it off against next years liability?.

SOME VENDORS DOING ELECTRICAL WORK FOR OUR CO. THIS INVOLVED N=BOTH MATERIAL & SERVICE.THEY ARE CHARGING 4%WCT ON THEIR BILL.

FOR EXAMPLE

Invoice gross amt 100

wct (4% on 100) 4

service tax (12.36%*33%)4.12

total 108.12


Now tell me whether we've to deduct the wct amt or not?if yes what should be the wct deduction amt.what is the procedure in payment?what forms are available .

If no tell me who paid the wct amt to govt?

Hi,

What is the procedure for obtaining form C under the Sales Tax Act, for a company in Delhi.

regards

Sonika

Hi,

What is the procedure for obtaining form C under the Sales Tax Act, for a company in Delhi.

regards

Sonika

Dear All,


Please tell me, What is the Entry Tax?

& i bought one imported Machine to AP, But karanaka state collect entry tax is it correct please clearfy me.


Durga Prasad Garaga

NEARLY 60%OF OUR PURCHASES ARE MADE LOCALLY AND ALMOST ALL OUR SALES ARE INTERSTATE SALES. AS A RESULT,WE ARE NOT ABLE TO ADSORB THE IN PUT VAT CREDIT AGAINST OUR CST LIABILITY.(IN PUT VAT MOSTLY 12.5% WHILE CST IS 2%) SINCE OBTAINING REFUND FROM THE DEPARTMENT IS A CUMBERSOME PROCEDURE,CAN WE WRITE OFF IN PUT VAT AS PURCHASE?

what is the CST rate for the F.Y.2008-09

is there any change of rate if sales are made on c form.