Suppose a firm lease out its machinery to another firm. Whether the lease rent paid attracts VAT or sales tax ? Please clarify.

i need a clarification on the applicabilty of VAT on resale of used business assets(like computers)for a software company.

Please also let me know the procedure for payment of VAT when i am not liable to get registered either as VAT dealer or TOT dealer.

We have imported material from china for which orders were placed from baroda office. we have registered offie in mumbai & branch office at baroda. On original bill of entry address is of our baroda office. Goods are received at mumbai port & stored at our mumbai factory. From these goods part of the goods are transfered to our baroda office for which we have received F form from baroda office. Purchases are recorded at our baroda office since bill of enrty is drawn on baroda office. Now my question is how I can show my purchase against sales at mumbai office? Can I have to issue F form to our baroda office?

What is the standard procedure that is to be followed for doing audit under K VAT, Whom we have to approach for doing the audit( either Sales tax department will allot the audit for CA Firm, or individuals below tax limit who approach only should be audited. please answer the quiery it is emergency

A trader started business on 01.10.2006. He got voluntarily regisatered on 15.11.2006 (by paying Rs.5,000). Till 15.11.2006 he made purchases worth Rs.3,00,000/-, but no sales.
Now, after getting registered, when he sales these goods purchased upto 15.11.2006, whether he will get set off on purchases ?

For the F.Y. 2005-2006, A dealer had excess credit available Rs.1,10,000/-. He carried forward it to F.Y. 2006-2007, instead of claiming refund.
Now for 01.10.2006 to 31.03.2007, whether he should file Six monthly return or monthly return ?

A co. pays for Visual Mercandise Expenses to a party who provided the services(labour+ material)in the year 2005/2006.
However the bill for the same is booked now and even payment is made now.However the bills were recived earlier i.e in 2005-06.So in that case Vat charged by the party would be booked now so will it be eligible for set-off.

COULD IT MAY POSSIBLE AS TO TAKE VAT CREDIT WITH OUT PAYING PURCHAGE TAX IN ACTUALLY WHEN IT IF EXEMPT.
IN A CONDITION WHEN ONE HEAD OFFICE SENT ITS BRANCH OFFICE SOME GOOD AGAINST BRANCH TRANCFER (F FORM) SUBSEQUENTLY IT IS SELL TO ANOTHER REGISTER DEALER BY CHARGING 4% TA HERE MY QST IS COULD IT BE POSSIBLE FOR BRANCH TO GO VAT CREDIT .
THIS QUESTION IS ASKED TO ME BY CA IN ONE COMPANY INTERVIEW

Pls tell me how we enter vat entry in manual book and also in tally.