Hi All

I am little bit confuse about the Vat and CST like when Vat is applicable and when Vat is applicable.

For Example I have purchased a goods from Out Side of Noida like Gujrat My vender Charge me a tax for 5% and he said that this is the CST or Vat, If I am not providing him C form For Central purchase else the rate is 3%.

Kindly clear my doubts

Reg
Mint

A dealer registered under VAT Act in W Bengal and having its office at Delhi. He purchased the goods in W Bengal and send it to its branch at Delhi.
A)Can the dealer adjust the input of such goods material with the output of other goods or
B) can it be carry forwards for subsequent adjustment with Output in next quarter(s)
C) Can it be claimed as refund?
Please clarify.

Sir...Shall i take capital goods VAT as CENVAT credit. Can i adjust the same against the sales tax payable.

We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.

Please advise the applicability of the VAT on the said transactions across India.


Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar

While preparing the P&L a/c under Sales turn-over I have taken sales amount + VAT i.e. total invoice amount. While preparing the return my auditor has set off the VAT component against VAT paid (expenses) and take only the bare sales. To my knowledge Sales turnover has been defined in the IT Act. Will some CA clarify supported by sec. no. and contents of the relevant sec. Thanks in advance.

Hi! Club Friends,

In issuing C-Forms for CST purchases, particularly from Andhra Pradesh, is it mandate to issue separate Form-C for each quarter? and under which rule / notification it was added to CST Act?

And for amounts less than 2/3 lakhs of annual turnover of the CST purchase customer, also to be issued for each quarter? Suggest.

Dear Experts,

i have recd. from our stationery supplier and he has charged vat @4% on some items and @12.5% on items, can you pls. tell me what are the items eligible for 4%, 8% & 12.5%?

i have a querry regarding VAT, can a person claim a set-off on the bill of the earlier quarter(i.e. the quarter for which the VAT return has already been submitted) on which he has not taken a set-off due to error in any subsequent quarters?

This being a software company in Gujarat purchasing computers which are capitalised and alos purchasing computer related parts whcih are debited to repairs & main. exps .

Query 1: Can we take input credit of vat charged on computers, which are capitalised under gujarat Vat Act?

Query 2 : Can we take input credit of vat charged on spares and parts of computers which are debited to repairs & main. exps, under Gujarat Vat Act?

Dearsir,

We are registered dealer with Delhi VAt and purchased as new Car During the F.Y. 2002-2003 and sold during the F.Y. Year 2005-06. We wrongly paid the vat on Sale of above cited Car.

Please advice us whether we can claim the refund of said Vat paid of sale of Car by filing DVat-21 or how to apply the above cited refund


Ram niwas Gaur,M. no.9312318083