Dear Sir
Final product manufactured by Assessee is exempt from VAT & CST.
Department argued that government is losing revenue if assessee applies for C Form.
This is because at the time of purchase of material against C Form assessee pays 2% CST whereas after the same material uses in manufacture of Final product , assessee do not pay any tax since it is exempt.
Had assessee purchases the same material from the state it would have paid 14.5% VAT. Thus there is loss of revenue of 12.5%.
Hence , assessee cannot apply C Form.
Is the view of the Department correct.
how much penalty for not filing VAT return ? And if the return filed is NIL
Please give me advice.I have Gst reg no. And I am purchasing JCB machinary for business purpose so I am eligible for ITC
sir, can i know the VAT number through PAN number?
I have lost a C form of year 13-14 issued by our Customer from Tamilnadu. He is not able to provide me the duplicate copy of C Form, as he is a cancelled dealer now.
I have got the details of C Form no. and had verified it from tinxsys.com, but the department is not accepting the printout copy from tinxsys site, and imposed penalty,interest, and differential tax charges.
How shall i sort out the same. Kindly help
Was vat charged inclusive of service tax in restaurant bills.
hello, vat return for June Qr 2017-18 filed online within time, but due to mistake some purchase could not entered. Is it possible to revise the return ? the alternate remedy for correction this mistake......thanks in advance
Hi
If I make a deal with a person whose value is
USD9995 and make a invoice with USD 9995 after deal client send USD9955 in my current account I receive USD 40 less
How I can save the VAT on 40 ?
With regards
We need to know the Periodicity of Works Contract Return under Mvat F.Y. 2017-18. (Apr To Jun 17)
Which is Due Date Filing of Return and Penalty of Late Filing.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
Application of c form in case