query relating to VAT

949 views 7 replies

if vat amount is not seperately shown on the invoice and also it is not written there that 'vat is included'...how can cenvat credit claim be taken..

Replies (7)

cenvat and vat both are diff issues 

 

if vat content is not mentioned in bills, no input credit allowed.

similer if cenvat "transporter copy" is not available, then no cenvat credit available. 

 

Is there mention in invoice that vat amount included than yes u can take vat credit.

 

Suppose invoice including vat is Rs.5250/- and vat is 5 %

Dan u have to calculate .  5250*5

                                             ---------------

                                              105

Vat amount will come Rs.250/-

 

What is cenvat "transporters copy"

Originally posted by : Ruchi Didwania

What is cenvat "transporters copy"
  • in Excise invoicing system 3 copies of invoice is made 1) buyers copy, 2) transporter's copy 3) Seller's copy 
  •  
  • similar way in VAT also the method is applied ...........
  •  
  • Input credit is taken on strength of "transporter's copy" of invoice.
  •  
  • general interpretation for this issue
  •  
  •  
  •  
  •  

 

Our co. has taken genset from a vendor and pay monthly rent for supply of 62.5 KVA DG Set. Now, the vendor raised bill for monthly hire charges and also charged vat @ 5% in the state of Karnataka. Can they charge vat? If yes, pls. reply under which sections, they can charge and also please let me know whether Input can be claimed on in. 


i am from andhra pradesh vat registered.  is it necessary to file cst return along with vat return.  even online filing i cant find the cst online rutrun to my tin. if i click cst return message showing that your not the cst registered dealer. 

Originally posted by : sanath

i am from andhra pradesh vat registered.  is it necessary to file cst return along with vat return.  even online filing i cant find the cst online rutrun to my tin. if i click cst return message showing that your not the cst registered dealer. 

if u dont buy from other state, and dont sale out of state, then u dont need CST number, hence return not applicable

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