lohithakshan u k
This Query has 2 replies

This Query has 2 replies

22 August 2007 at 16:50

WORK CONTRACT TAX

WE HAVE ENGAGED A CONTRACTOR FOR CONSTRUCTIION OF BUILDING. HE HAS DRAWN SOME ADVANCE FOR THIS WORK. IN ADDITION HE HAS SUBMITTED PART BILL ALONG WITH M BOOK AND GOT PAYMENT .I WOULD LIKE TO KNOW WHETHER WE ARE LIABLE TO COLLECT TAX (VAT) ON THE PAYMENTS MADE TO THEM JUST LIKE TDS OF INCOME TAX. I AM OF THE OPINION THAT CONTRACTOR IS TO CHARGE VAT /WC TAX ON FINAL BILL AND TO REMIT THE TAX. PL CLARIFY THE POSITION
AND THE FORMALITIES TO BE FOLLOWED WITH FORM DEETAILS.


apurva
This Query has 1 replies

This Query has 1 replies

21 August 2007 at 02:55

Purchase from Unregistered dealer

I have purchased stock as an individual capacity from bank as disposal of stock which are seized by them.Presently,I am working in firm as an employee which are engaged in trading of imported goods. Turnover of firm is below 1 Crocre.

I am not registered dealer under cst/vat. Now I want to know, can I sale these goods to my firm? Weather firm is liable to pay purchase tax(VAT), excise duty on these goods?

If yes, then firm is eligible to claim input tax credit of excise & purchase tax?

What are the tax implication for sale of these goods by firm?


apurva
This Query has 4 replies

This Query has 4 replies

18 August 2007 at 02:03

Vat credit of packing material

Can I take vat credit of packing material purchased against vat paid for trading activity?


Narayana
This Query has 2 replies

This Query has 2 replies

Sir How to Caluculate vat while a Building developer give a sub contracts to do works, can u give me a example.


lohithakshan u k
This Query has 3 replies

This Query has 3 replies

10 August 2007 at 03:03

CST ON INTERSTATE SALE

PL LET ME KNOW IF THE FINISHED PRODUCT IS TAX EXEMPT WHETHER WE CAN PURCHASE RAW MATERIALS FOR MANUFACTURING PURPOSE UNDER CST RATE. WE CAN SAVE 9.5% TAX IF WE PURCHASE THE ITEMS FROM OUTSIDE STATE. THAT IS WHY, THIS DOUBT. PL CLARIFY


madhusudan
This Query has 2 replies

This Query has 2 replies

10 August 2007 at 01:10

Goods purchased outside state

Data:
The rate of VAT of Paddy 4% (i.e raw material)
The rate of VAT of chuda -exempted (i.e.the final product)
C.S.T. NIL
State: Orissa

If a person purchases paddy from within the state then he has to pay VAT @ 4% and thereafter he sells the final product which is exempted from tax.

But what happen when the same person will purchase paddy from any neighbouring state, assuming that the rate of CST is 0%.
a)whether he will have to pay VAT on the purchase price if it is purchased from outside state. what are its pros & cons.


Jitendra
This Query has 2 replies

This Query has 2 replies

06 August 2007 at 08:11

VAT on Coronary Stent

Whether VAT is applicable on Coronary Stents which is used in Heart Treatment. I think this is under Life Saving Device and It should be exempted. In Union Territory the VAT is exempted on Coronary Stent but what about Gujarat Maharashtra and other State.


lohithakshan u k
This Query has 4 replies

This Query has 4 replies

03 August 2007 at 23:45

education cess

WHILE MAKING SALE OF SCRAP ITEMS/OLD USED ITEM WE HAVE BEED COLLECTING VAT AS WELL AS TCS. I HAVE A DOUBT WHETHER WE HAVE TO COLLECT EDUCATION CESS ON THIS BILL


lohithakshan u k
This Query has 1 replies

This Query has 1 replies

03 August 2007 at 19:01

ISSUANCE OF C FORM

PL LET ME KNOW WHO ARE ELIGIBLE FOR CLAIMING 3% CST ON INTERSTATE TRANSACTIONS BOTH TRADER AND MANUFACTURER. IF MANUFACTURER IS ELEGIBLE WHAT ABOUT THE POSITION IF THEIR OUTPUT IS TAX EXEMPT ITEM.IF IT IS SO IF THEY CAN PURCHASE THE ENTIRE THING FROM OUTSIDE THE STATE SO AS TO AVOID 12.5 % VAT.


mihir
This Query has 1 replies

This Query has 1 replies

03 August 2007 at 07:00

sales tax defferment loan

what is sales tax defferment loan and who can avail it





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