Plz let me know whether transfer of Inventory form Subsidiary Co. to Holding co. is chargeable to vat under UP Vat act???

Is VAT exempted for Prawns Feed Manufacturing Company in Gujarat??
If so, kindly let me know the Clause No. & Notification No. under which it is exempted.
Prawns Feeds are used in Prawn Cultivation.
Are the Clauses for Prawns feed different from Fish feeds??
Regards.

Vinod P.

DEAR SIR
PL GUIDE ME IN THIS MATTER
ONE OF MY CLIENT IS WHOLESALE DISTRIBUTOR FOR MEDICINE. DURING THE YEAR 09-10 HE HAS GOODS (MEDICINE) RETURNED TO HIS SUPPLIER AMOUNTING TO RS. 15.0 LACKS OUT OF HIS OPENING STOCK & SHOWN IN TRADING A/C. NOW I HAVE TO FILE HIS VAT REVISE RETURN.
MY QUERY IS
1)WHETHER VAT SET-OFF WILL BE REDUCED ON THE SAME AMOUNT
2)IF NOT, HOW PURCHASES WILL BE TALLIED ?

Is Printing on T-shirts attracts TDS deduction under MVAT Act? If Yes, why?

Sir, Thanks a lot for your first reply.I agree for the contents mentioned by you .The awarder is not deducting any vat.Each time he deducts the TDS amount for the payments makes to us for our Bills.. We are remiting service tax and vat (compounding ) for the cheque amount received from the awarder. My doubt is whether I have to calculate & remit vat on TDS deducted by the awarder. ( I understood that THERE IS NO TAX IS TO BE PAID ON OTHER TAXES).MY VIEW IS....... Here the TDS AMOUNT IS A KIND OF TEMPORARY DEPOSIT AT IT DEPARTMENT. ONLY AFTER FINALISATION OF ACCOUNT FOR EACH YEAR WE WILL BE KNOW HOW MUCH INCOME TAX TO BE PAID OR TO GET REFUND FROM THE TDS AMOUNT. SO PLEASE CLARIFY WHETHER I HAVE TO REMIT VAT ON TDS. THANK YOU

IS up vat is applicable for the builders. if yes what will be calcutations for input and out put vat.
regards

aamir

We are in Consulting and engineering business , previously we are purchasing materials for our projects and selling in the same month to customers ( not maitaining any stocks) Now this month we have purchased some materials for one of our project but sales invoice will be raised in next month after completion of implementation.
Can we take purchases in system and sales can take in next month? Is there any effect ? I known below mentioned effects 1. Purchases will be there without sales ( expenses without income)2.I think We need to maitain stock.

Any one can help me out how to take

Are local taxes like VAT applicable to SEZ units?
Pl clarify

is VAT set off available on purchase of liquor if it is sold by operating a BAR and Restaurant ??

Whether there is any VAT liability on Dg Rent or DG Hire income?

Whether giving of DG on Rent or Hire is called transfer of right to use goods?

Kindly site case laws in support of your answer, if any.