Dear All

There is Rule 4A in Goa VAT Rules, which gives formula for determination of sale price in respect of Works Contract. Similar to various other States VAT Laws, it gives specific rates of adhoc deduction from gross turnover in respect of various types of works contracts.

But surprisingly, Goa VAT Rules do not speak of any thing about deductions on actual basis or deduction in accordance with principles laid down in Apex Court Jugdement in the case of Ganon Dunkerleys regarding deduction from gross turnover to arrive at taxable value.

Kindly Comment.

hi frnds,

i went to an ac restraunt and piad st that was levied as per the bills.


what is the proof that such restraunt is not avaling ssi exemption?? and they they are wrongly charging st?? ie how can i check the above

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I'M A BUSINESSMAN.IN PREVIOUS YEAR I INCURRED LOSS SAY RS. 500000 AND IN CURRENT YEAR I EARN PROFIT OF RS.1500000 THEN TELL WHAT IS TREATMENT FOR ADVANCE TAX

Is service tax applicable, if residential property given on rent by an individual to a company for residential purpose?
Please reply.

Hello fnds,

yesterday i visited an AC restraunt.

we ordered food worth rs 1560 from the menu.

when i received the bill they were charging;

14.5% VAT on 1560 plus

10.3% ST on 1560.


is is right????
how can 1560 be both service and supply of food component???

WHAT SHOULD HAVE BEEN THE RIGHT WAY OF COMPUTING IT.


thanks for answering!!

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I have received a bill amount rs. 37000 and made payment after deduction of tds under 194c. now I have received an another bill of rs. 9000 and made payment without deduction of tds. is there any default or not. because it's not cross the threshold limit of 75000.

Hi Experts,
Is there any liability to deduct tds for the Expenses incurred in relation to machinery erection charges, water charges, machinery maintainence charges, Job work expenses, clearing & forwarding expenses.

Pls reply as soon as possible


thank you....

Can anybody tell me, If I have made a payment to Subcontractor rs. 36000 in April' 2014 , Rs. 10000 on 02/05/2014 , Rs. 5000 on 10/05/2014 & 8000 on 16/05/2014 , & a bill was received on 31/05/2014 valued Rs. 129950 , So Please show me the TDS payment Details , or how much amount i have ta pay with interest , ....
Please