I have a small query if a person is selling goods free of cost(i.e he is raising the bill with full amount and then showing the discount of same amount at the end of the bill,thereby charging nothing from the customer)will he be chargeable to VAT under Punjab VAT act 2005 on such goods?And what are the applicable sections in this regard?

Note-The goods sold above are not covered with in the defination of tax free goods.

what is input service and capital goods under VAT and what is there relevance. does there is any law which specifically deals with these.
plz help me out

What is the rate of tax on sale of second hand vehicle with in the state & what is the rate of tax when sold to out of Maharastra?

Please clarify!

Thanks a lot if anyone replies

An entity is a Karnataka STPI registered 100% Export oriented unit of Services only.
Under the Karnataka VAT, Is the entity entitled to claim refund on the VAT paid on the inputs purchased. Please note that all the entity is 100% EOU of Services. No products are manufactured.

If yes, under which sections of the Karnataka VAT Act/ Rules can the same be claimed.

A detailed answer will be appreciated.

Sir,
Please advise me about the Entertainment tax and the applicability to the 3 Star Hotel industry, as we are planning to conduct disco with high class buffet on the 31st New Year Eve Ball, and we are planning to issue some tickets petaining to the same.(Cost includs, entry, food, liquor,etc) Please advise me ASAP.
Thanks & Regards
Harindranath Menon

Dear friends,
Please clarify the above problem,
One firm running with 3 partners on 10/09/2007 , 2 partners have with drawn their interest in the firm and additionally 2 partners have jonined the same firm. and after 10/10/2007 1 partner among the 3 has also withdrawn his interest , and the firm is taken care by the newly joined 2 partners.

Please clarify that,

The firm has not changed any PAN No & TIN number under (VAT) ,
Please clarify whether it amount to get new TIN or PAN No & clarify whether INPUT vat can be claimed in the new firm.

Dear friends,
Please clarify the above problem,
One firm running with 3 partners on 10/09/2007 , 2 partners have with drawn their interest in the firm and additionally 2 partners have jonined the same firm. and after 10/10/2007 1 partner among the 3 has also withdrawn his interest , and the firm is taken care by the newly joined 2 partners.

Please clarify that,

The firm has not changed any PAN No & TIN number under (VAT) ,
Please clarify whether it amount to get new TIN or PAN No & clarify whether INPUT vat can be claimed in the new firm.

Procedures in VAT Audit in Karnataka

Ours is a software company from Bangalore. We intend to purchase few furniture and ACs from the existing software company. Whether the seller has to collect VAT on re-sale? if so what are the rates?

We are registered under VAT & CST Act. The selling company is not registered under VAT at karnataka, but billing will be done from Gurgoan, but materialise the transfer of goods within Karnataka.

Regards
Suresh

Is it the duty of the buying dealer to ascertain that the vendor is a registered dealer and he has paid the duty collected?
If yes please give me the relevant extracts from law?