MVat Query

1050 views 3 replies

Rakesh Jain

insurance agent

104 Points Joined January 2008

One of my client provides maintainance/repairing of online leakage sealing. In which he uses his manufactured spare parts / materials purchased.
He bills differently for Spare Parts / Material & Labour charges/ Repairing.
1. On which amount service tax would be levied.
2. If on both the amounts, is there any abatement.
3. Can he claim input credit
4. under which head he should get registered

1. wat would be his maharashtra vat liability

sometimes it may happen that spares and labour charges are billed in one only

Replies (3)

ramdas

account manager

34 Points Joined August 2008

please let me know what is the rate of VAT on RAKSHA BANDHAN RAKHI hand made items

praveen

manager accounts

30 Points Joined December 2009

Can anybody tell me whether it is necessary to issue F form in case of purchase returns. We are the distributors for some electrical items and our purchases are against C forms. when we want to return the material to the supplier. whether it is necessary to issue F form whether there is anykind of amendment coming in.

thanks

Praveen

Arun Kumar

Auditor & Tax Practitioner

168 Points Joined July 2013

Dear Praveen

Actually Form F is used in the case of Branch Transfer (stock transfer to the branch), as your transaction was represented by Form C, it amounts to Purchases from the dealer and not stock transfer from the branch. So the question of Form F doesn't arise in your case.