Query

Set-off cannot be availed only if the goods are purchased from a UR dealer.  If the sales are being made to a UR dealer, then set-off can be availed if purchase is made from a regd dealer.

Dear Ashish,

You will not get set off of Tax which you have collected from Un registered dealer.

Actually Punjab VAT Payment due date will be 20th May (Sunday) but I have made payment on 21st of May but demand draft date is 17th May 2012. Is there any provision, if it is holiday, payment will be deposited by next working day.  If it is,pls let me know

We are hiring the computer in across location, wheather VAT is applicable for hiring. Please advise the same ASAP

Originally posted by : M Purushothaman
	We are hiring the computer in across location, wheather VAT is applicable for hiring. Please advise the same ASAP

explain the situation this is lacking the proper situation ....

in up vat return if our gross sales is 2000 and tax @ 4%80 @ 1%20 total out put tax is 100 and in the same month sales return as made of amout 1000 @ 4%40 @ 1%10 total out is 50 and our vat payment is 50 after deducting the sales return this is the processor to file the return 

VAT is applicable for System hiring

Set off of Sales tax on purchases is available if it is VAT.

If you are hiring computer Service Tax will be charged and not VAT.

Dear Ashish,

Its not matter to whom you are selling goods and collecting VAT. VAT set off is available if you have paid VAT to a registered dealer.

set off facilities can't be availed

sir, wich amount we have to collect the c form form the customer either assessable value or gross value?

Set off of Sales tax on purchases is available...

Hello sir,

When I incorporating a New Co. of Insurance Related activity what names to be suggested for them. Any regulations 17 of  companies act 1956,for Form a New Co.

Suppose my co. name is xyz insurance power pvt. ltd in this case made some alternation or the name is perfect for flling Form 1A.

Please give me details for Forming a New insurance co. Names Guidlines. on my mail id - patil.sonam09 @ gmail.com

Sonam