Dear Sir,

As per my Last month VAT return - i have a Input Tax credit (ie credit available) is Rs.1,72,000/= .

Now in this month we have not made any local sales but we have done only one Inter state sale against C form. The CST value comes around Rs.28,000/=.

Is it possible to adjust the CST amount along with the Input Tax availability? or have to make payment? Need your advice.

I would like to know what is that provision for Freight charges on sales for Gujarat VAT???

i.e. Ass. Value + Excise Duty + Gujarat VAT + Freight Outward

OR

Ass. Value + Excise Duty + Freight Outward + Gujarat VAT

Pls guide.

Regards

Pranav

DEAR SIR,
PLEASE SEND ME FORMAT OF VAT AUDIT for the Gujarat state.

Hi Friends
Is there any Crash course or any other source from where i can learn about Vat & Sale tax in depth from beginning. I never got chance to learn about it in my Article ship & now it has become a major problem for me.

Pls help

Hi,

1. we manufaturing goods sold to Interstate customer. Viz.
a} Bill to Interstate.
b} Materials despatch to Local parties.

What is the rate of Tax applicable ( VAT or CST)

Hi,

1. we manufaturing goods sold to Interstate customer.
a} Bill to Interstate

author : SHAIKH AIJAZ ABU MIYAN
Posted On : 8/22/2008 6:34:01 PM
An assessee has paid Vat relating to F.Y.2006-07 in April-2007, but respective provision as 'Vat payable' has not been made as on 31.03.2007. Whether such payment is allowed as per the provisions of sec.43B?



Expert : Chezhiyan.K
Posted On : 8/22/2008 7:05:35 PM
Vat Payable is Not an Expense..

What ll You Disallow?


Answer - Fisrt Of All, I Would Again This Expert Not to give answers if not sure and just for sake of points.

VAT Is Certainly an expenditure and subject to sec.43B

and secondly how come u tallied the balance sheet if all liabilities are not shown. this would tantamount to window dressing of accounts.

Dear Friends,

My Client is a Software Seller, they buy and sell softwares to colleges and institutions, now their suppliers started charging service tax as well as vat?
how should we charge our customers,

Method 1

Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$

or Method 2

Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$

or Method 3

Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%on(XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ) = $$$


Please Help Me in This Case Many Suppliers Charges in Different Methods Method is been observed in many suppliers Invoices Which is Correct Method For Calculation


Either Vat has to be charged or service tax
vat has to be charged when the software is an off the shelf software

service tax is to be charged when the software is a customized software.
.

SIR


I WANT TO KNOW THAT "WHETHER THE VAT APPLICABLE ON SALE OF OLD VEHICLE" IN SERVICES SECTOR COMPANY.

MY CA HAS SAID THAT VAT WILL BE APPLICABLE ON SALE OF OLD VEHICLE. HOWEVER THE COMPANY DID NOT CHARGE THE VAT ON SALE OF OLD VEHICLES AS YET.


Answer Is Yes

Vat Is To be Charged.

If The Co. Has Sold The Vehicle Without Charging VAT Then The Selling Price Would Be Considered As Inclusive Of VAT.

Please suggest whether the VAT input can be adjusted against the CST liability.
Please provide the relevant provisions if possible

Thanks