I would like to know what is the rate of tax at which sale of coffee powder attract if it is sold from karnataka to any other state with C form and without C Form.

Dear Expert,
I needed a clearance regarding Goods in transit sale. We have a party A - Buyer & B- Seller. B sold his Machine to us then we got a buyer & we sold the same Machine to A we didnot take the delivery of Machine. Now the Invoice of B is on 31/10/2009 Dilivery challan is of 15/10/2009 & Advance received to us from A - buyer was on 28/8/2009 before machinery moved then can it be considered as Goods i Transit sale. Please guide.
What is goods in Transit sale. what are the points to be taken care of . Is payment date to be considered. & any reference i can go through for 6 (2) Sale.
Please guide..........

Whether WCT TDS is applicable on the mobilisation advnce given by client. As per my views, it should not be as WCT will be applicable only when actual works start.

We have a unit in SEZ Surat, From SEZ we sell goods to other unit viz in SEZ, EOU outside Gujarat. While raising invoice we do not charge CST as SEZ are exempted from CST. Please advise whether I have to obtain Form I or Form C from the customers on such transaction outside Gujarat.
Thanks and Regards

Girish

A soya Company purchases Soya Seeds from the supplier and supplier charge VAT @ 4% in MP. Company makes payment to supplier without VAT and issue TDS Certificate for the VAT Amount as per Section 26-A of M.P. VAT Act.
Summarize position is as follows:

Purchase Value 20 M.T. @ 17,000/- per M.T. = 3,40,000/-
Add: VAT @ 4% = 13,600/-
Total Purchase Value = 3,53,600/-

Company is making payment of Rs. 3,40,000/- to supplier and issuing TDS certificate of Rs. 13,600/- to supplier. Amount of TDS of Rs. 13,600/- is not required to be deposited to govt.

What will be the accounting Entry?

We are selling iron ore to one party who are exporting the same,they are Issuing Form H to us.

Can we Purchase the goods against Form H within state without paying VAT.

Or Form H is for claimimg exemption only from CST in case of interstate purchase ?


Please Peply urgently.

i bought product from vat tax @ 4% i have a bill . i filed e filing. but checking the tin no. is wrong mismatch and also check co name is wrong. the party bank account is another state. i deduct and pay the tax monthly return (input tax). if mismatch the party tin . what is the proceedure. to modify the return remove the particular party tax and i will pay the particular amount to sales tax. please give me the reply.

i am eligible for input tax or not. Or i will be pay the input tax

Dear Sirs,
Pls tell me what kind of Precautions we have to take for Graphic & Printing (Printing Press) Business in GVAT ?
Pls tell why in GVAT 4% is on Grahpics & Printing Business ?
Are they can collect 4% VAT from Retail Invoice or not in GVAT ?
Most important :-
If they can take Lumpsum Payment option or they must have to take Regular VAT System bcs of this business called as Manufacturing Unit ?

Pls Help me sir urgently



Thanks for your reply in advance

THERE IS NO REVISED RETURN FOR VAT RETURN NOW. IF THERE REMAINS ANY MISTAKE IN RETURN & WE FIND IT LATER ON THEN WHAT IS THE PROCEDURE TO RECTIFY? IS THIS RIGHT THAT WE HAVE TO WAIT FOR NEXT 6 MONTHS FOR RECTIFICATION.

debtor became not recoverable and it taken into discount. so can i reverse vat included in sales?