This is rajesh working in sugar industry in Andhrapradesh.

i have some doubts relating to input tax credit eligible on purchase of machinery spares and lubricants and other purchases made by the company.

we are selling sugar, molasess, bagasse and waste iron scrap.

sugar exempted product
Bagasse 4% Tax
iron scrap 12.5% Tax

we are purchasing goods at 4% and 12.5% tax rates

Example:

Sugar Sales 1,00,00,000
Bagasse sales 5,00,000
Scrap sales 2,25,000

input tax paid

Tax paid on 4% purchases 34,225
Tax paid on 12.5% purchases 45,789

How much input tax credit can be availed (elibigle for me)

Hi Sir / Madam

I have querry regarding VAT & Service Tax.

I saw in many bills with VAT & service Tax both are mentioned, but I want to know that when it is applicable that we have to mention both the taxes in invoice.

As per my knowledge VAT will be applicable when we are selling any article or goods & service tax will applicable when we are providing any service to our client or customer.

Can anybody please tell me that VAT is also applicable on labour charges or not?

Regards
Anil

Hi Sir / Madam

I have querry regarding VAT & Service Tax.

I saw in many bills with VAT & service Tax both are mentioned, but I want to know that when it is applicable that we have to mention both the taxes in invoice.

As per my knowledge VAT will be applicable when we are selling any article or goods & service tax will applicable when we are providing any service to our client or customer.

Can anybody please tell me that VAT is also applicable on labour charges or not?

Regards
Anil

We have done more number of purchase transaction via stock transfer. For theses purchases we have to issue Form F under VAT.But we are having only two numbers of Form F. Can we issue one form F mentioning all purchase details or we we have to issue separate forms for each transaction.

VALUE ADDED TAX



1) While Production of Finished goods we take the Input Vat Credit on Raw Materials purchased for the production of finished goods in the factory.

After production we transfer those goods to different states through form ¡§F¡¨


„« How we will set off the Vat Input Credit if the finished goods are not sold in same state or some of the goods say 20% sold in same state.

„« Whether we can transfer the Vat Input Credit to other State in which we transfer the finished goods

„« Whether the Vat paid for administration work in sales office same can be taken as input vat credit.

„« If the Vat Input Credit is Excess than Vat Output Tax than the remaining Input should be carried forward or refund can be claimed.

„« Vat Paid on Capital Goods in factory as well as in Sales office whether the same can be taken as Vat Input Credit.

„« Whether Vat Input Credit taken on Capital Goods will be eligible for deprecation.

„« Vat Input Claimed & Payment of VAT by Work Contractors.

„« What is the set off procedures of CST with VAT.

A person has sales of Rs.39,50,000/- and vat 4% on the same at Rs. 1,58,000/-, aggregating to Rs.41,08,000/-
Would he be liable to get his accounts audited under Maharashtra VAT ? The doubt is because the definition of "saleprice" under MVAT excludes sales tax.

We have lost some Original Purchase Bills against which we have claimed input vat under apvat act. Can i submit photo copy to claim the input vat? please help me..

Our canteen contractor is supplying us the food. How much MVAT & Service Tax is to be charged by him on food bill ?

Can we take the credit of MVAT ?

Thanks

Company is a service provider
Providing AMCservice in relation to certain technical equipment
Some components are consumed in repair service which is not chargeable seprately.
Is the Company liable to pay vat on component consumption?

respected sir/ madam

Plase tell me what is E1 transation

with warm regards

Kailash thakur