Dear All,

I just want to know about the introduction of Entry tax in the state of Haryana.My company is registered in Haryana and paying VAT regulary. Whether we are liable to register under haryana entry tax act. Actually i came to know taht the stay order has been taken againt it's applicabilty but not sure about the legal formalties which we are sopposed to comply with.

We have two units Delhi & hyderabad

Hyderabad units received the goods & sale also but accounting are done at delhi branch.

1.goods delivered/Received by hyderebad branch.
2.Goods sold by Hyderabad branch & stock transfer to delhi also.
3.Goods purchase from Hyderabad & deliver to hyderabad unit, Therefore supplier is charging VAT.(but invoice is made in the name of delhi branch bcz delhi is central office for all purchase & payment)


Q.1 Can we book pur/inventory at hyderabad branch
Q.2 Can we claim Vat Credit in hyderabad branch ( bcz phifically pur & sale are in HYd branch)
Q.3 If we take vat credit, Than can we produced Purchase details which is received by delhi branch for Hyderabad branch related goods.

Plz suggest me how to face this problem (one branch receive goods & another do the accounting)

Respected sir/mam,
In case of warranty of fourwheeler,when amount is recovered from manufacturer instead of customer,then while doing entry in acoounts at the time of service
would vat would be charegeble if manufacturer is situated outside state
& customer is within state

Dear Friends,

Please clarify the following

1. While reversing the ITC, is it necessary to exclude the Capital Goods ITC portion?

2.e.filing of monthly returns - who is eligible ? is it based on the volume of tax payments to the department

3. For eg Good purchased within the state for the purpose of manufacturing @12.5 % tax rate and goods will be sold to interstate @4 % against C form. Please explain me how to reverse the ITC ?

4. For the Sales of EOU /SEZ /Merchant Exporter , is it necessary to reverse the ITC and claim the refund from the department? or instead of claiming that shall we do the non reversal is it permissible.

5. If the manufacturer is an EOU can they claim the ITC for their inputs ? What is the procedure to do that?

Yours

Dear Friends,

Please clarify the following

1. While reversing the ITC, is it necessary to exclude the Captial Goods ITC portion?

2.e.filing of monthly returns - who is eligible ? is it based on the volume of tax payments to the department

3. For eg Good purchased within the state for the purpose of manufacturing @12.5 % tax rate and goods will be sold to interstate @4 % against C form. Please explain me how to reverse the ITC ?

4. For the Sales of EOU /SEZ /Merchant Exporter , is it necessary to reverse the ITC and claim the refund from the department? or instead of claiming that shall we do the non reversal is it permissale.

5. If the manufacturer is an EOU can they claim the ITC for their inputs ? What is the procedure to do that?

Yours

1) Is VAT audit mandatory in Karnataka for private companies who get their books audited under Companies Act as well as income Tax Act?

2)When is the last date for filing of Form 240 under Karnataka VAT?

3)Once an establishment is registered under Karnataka VAT should it be renewal every year like it was being done earlier under the Karnataka sales Tax Act? If yes, please let me know the Form to be used, the last date for filing such form as well as the fees to be paid for renewal and the cheque in whoes favour renewal fees is to be paid


4) Can one submit monthly KARNATAKA VAT form 100 online?


Kindly answer the questions pointwise in the order they are asked

Thank you

my friend, an NRI, wants to setup a trading business in india.goods( consumable goods) are imported and sold in india.My queries are

i)whether he is liable to pay VAT on imported items
ii) is he liable to collect VAT on subsequent sale in India, if yes, what is the percentage of VAT.

iii).whether he is eligible to get VAT input credit

Whether Hospitals are liable to Collect and Pay VAT (As per Maharashtra VAT Act) on sale / Supply of Medicine to the their Patients Only if the total sale / Supply is amounting to Rs.1 Crore during the current F.Y and this is the 1st F.Y of the Hospital.
Please reply with related section / circular.

U can also reply me at: veerbhan_tharwani2006@rediffmail.com

We are a dealer of Andhra Pradesh. We have purchased a good from a dealer in Kochi. The Kochi dealer has charged Additional SSC 1% on CST. Can any body tell me what is Addl. SSC 1%. Whether I must pay this 1%.

The reference to the circular with respect to issue of "C" forms for purchases of materials which are directly used for processing and the purchases which are not directly connected with the processing of the goods in question involved in execution of works contract shall not be entitled for issue of "C" forms.

Are consumable such as bearing, spares, accessories, hardware, paints, chemicals, diesel considered as directly used for processing?

In case of purchase of capital goods such as plant and machinery can "C" form be issued?