Dear Experts,

I want to ask that if a party has not given us the C Form and we want to keep an amount as security deposit from them,
then what will be its journal entry and further entries if CForm is received or not received.?

We are registered dealer in Maharashtra. Can VAT audit applicable to OMS Sales. Over all total sales turnover is out of Maharashtra it's cross 1 Crore.
May VAT audit applicable to our company.

however interest earned on fixed deposit is taxable under the head But whether interest accrued on five year fixed deposit amount and added in the next year amount of same amount will be taxable or not?. This interest was not transfered in the related bank account.

Dear Expert,

Pl let me know wht are the procedure for getting MVAT refund. I read all the conditions but exact I required the Form name or Format of Application if any?

Dear Sir,

We are manufacturing company. Tamil nadu commercial Tax officials conduct the Surprise Inspection to our company.

At the time of Surprise Inspection the official taken the stock diff value in following format.

Verification of Stock of goods held at the time of inspection compared with books of accounts it is found the stock difference value of Rs.71,15,133/- for which sales suppression arrived at Rs.7,7,202/- by adding G.P@8.26%. the details are as follows.

1) Stock that should be as per A/c. ----- Rs.4,52,62,627/-
2) Actual Stock Found ----- Rs.4,45,47,494/-
3) Stock Diff found ----- Rs.7,15,133/-
4) Add G.P. 8.26%. ----- Rs.59,070/-
5) Sales Suppression Involved ----- Rs.7,74,202/-
6) Tax involved @14.5% ----- Rs.1,12,259/-

in this situation the Stock diff value 1.58% (7,15,133 / 4,52,62,627 ) only.

what is the % applicable for the Manufacturing industry stock Diff acceptable by the TN VAT Act & also please send the details of the notifications.

Thanking You,

R.Iyappan
Cell: 9894818701.

I imported camera from Korea, now i want to sell this in my state, so vat will apply or not.

one of my client had applied for vat in the month of December and got it approved in the month of January. now whether he has to disclose all his Gross sale in this quarter (From April to March) or From January to March ?? what will be treatment as per Punjab Vat Act.

another Question if Answer is NO (only Sale From January to March is filled in this quarter), Then how to Tally this information with Annual Statement where details of all the quarter has been filled in near future.

What is the Vat due date for payment?

Dear sir?Mam,

My question is : 1) If i purchased a wireless mouse for company's Laptop/Computer. Should i take Vat input or not?

Please reply

we are register dealer under vat and purchase petrol and disel form outside state for our petrol pump (owned by propritor A). half of fuel is sold to outside coustomer and half fuel is self consumed ( means prop. A has another business of transport ). now how to account for trf of fuel to other prop. firm ? is it a sale to self or stock trf ? also how to show this in vat return ??