Sir,
Our's is a Customised Software Development Company, Till date we are paying Gujarat VAT @4% plus 1%. Now Central Govt Charged 12.36% Service Tax on Customised Software Development Company (Ref : Notification no. 18/2008 - Service Tax w.e.f. 16th May, 2008

Now what we do Either we pay VAT or Service Tax?

And if both are applicable then how can our customer take reimbursement of Tax and on which?

It is unsolved question and no body is clear in this matter. Hope you will guide us correctly.

Thanks

Pradeep P.

Once a trader gets himself registered then what are the implications, i mean what are the rules which one has to comply with in its trade practice.

kindly clarify

Now in most of the states VAT is applicable.What are the provisions ragarding filing of returns.Whether only VAT returns are sufficient or sales tax returns are also to be submitted.

Section 8(b) of Central sales Tax Act states that (b) in the case of goods other than declared goods, shall be calculated at the rate of ten per cent or at the rate applicable to the sale or purchase of goods inside the appropriate State, whichever is higher

Now appropriate rate of which state,whether selling or buying state would be taken?

VAT @4% is applicable on Sale of Technical
Know how being slae of goods of incorporeal nature.

Please let us know if CST is applicable
on the sale of technical know to a customer located out side Maharashtra.

If yes, at what rate.

In west bengal paintings are exempt from Tax.Will the same is liable for CST for interstate sales

Dear Experts,

My senior is said, if tax rate is below 3% then no 'C' form is required against OMS sales w.e.f. 01/04/2007.So please let me know whether this is confirm news,if yes then send me circular in my emil id.

prakashjasani_56@rediffmail.com


Regards,
Prakash Jasani

if there is no trading of goods. but purchased of capital assets like furniture n machinery of above RS.40Lacks

in that case shall mvat audit is mandatory under sec 61 of MVAT ACT.

Hai to all,

My client adjusted the cst payable against VAT input credit. Can they adjust the cst against vat?

If a Dealer is registered under DVAT and he send material to Ghaziabad (U.P.)for Job Work on Form 31 then after job work materil will not return to delhi, direct sold in Ghaziabad (UP) to another party as Central sale against "C" Form from Delhi to UP what is the involvement of Form 31 of purchasing party.

The purchasing party booked this purchase as central purchase but his form 31 was not involved in it for import of material from other state

what is the liability of sales tax on purchasing dea