X Ltd is an entertainment company dealing in purchase and sale of Trade rights of Television serials and Films. These rights are sold and purchased by other entertainment companies who do not have Vat No.

What is the rate applicable to such rights under VAT?

If these rights are sold on contract basis and after the time period of contract is over it comes back to the selling company, then will it be taxable under VAT?

One major Raw materail supplier Co.is raising invoices as under:
Materail cost xxxx
Add: Entry tax @5% xxxx
----
xxxx
Add: Transportation xxxx
Service Tax 12 .36%on
Transportation xxx
----- xxxx
-----
Sub Total xxxx
Add: VAT @4% on sub total xxx

My query is that, is VAT payment arises on Service Tax element under UP VAT Act.

Dear sir,

would you please tell me the effective date on which 3% cst reduced to 2%.

Dear sir,

would you please tell me the effective date on which 3% cst reduced to 2%.

Sir,
I know that the vat is the value added tax in the commodity.
I want to khow that whether the selling of minerals water by the hotel industries should collected the vat ?
if yes what percent of vat should collect?
Whether vat should collected from selling of cold drink by retailers?

We are preparing accounts and return for the branch of a trading company, trading in beauty products.

Its monthly TO is 8-10 lacs (Appx.).

We are filing monthly requrns.

Cant we file it quarterly?

And how late filing charges should be calculated?

Thank you

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) = $$$

or Method 3

Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%
on(XXX+YYY) = 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

A COMPANY HAS HEAD OFFICE IN DELHI AND BRANCH AT NOIDA. IT PURCHASES SOME VIDEO CONFERENCING ITEMS FROM DELHI AND STOCK TRANSFER AGAINST FORM F TO NOIDA BRANCH. AGAIN THE SAME MATERIALS WERE RETURN BACK TO DELHI FROM NOIDA. WHAT ARE THE ACCOUNTING TREATMENT? CAN IT REVERSED THE SALE AGAINST F FORM VIA CREDIT NOTE.
OR
AGAIN THE SALE AGAINST F FORM FROM NOIDA TO DELHI CAN BE DONE?
SECONDLY
CAN WE DO THE STOCK TRANSFER WITH CHARGING FULL TAX ( WITHOUT F FORM)OR AGAINST C FORM?

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AS SALE AGAINST F FORM AT DELHI AND FOR REVERSAL AGAIN WE BOOKED THE SALE AGAINST F FORM AT NOIDA BOOK IT WILL HIT THE TURNOVER.

PLEASE ANSWER THE QUERY.

My client is a distributor of xerox machines. He enters into full service maintenance agreement with his customers for service and also for supply of toner, catridge & drums. He collects 4% works contract tax for this agreement. Whether he has to reverse the input credit for the free supply of toner catridge etc..

pls help to resolve this issue

If my current sales are @2% and i have sales return of last period which were @3%
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?