Ashwin
03 June 2010 at 17:51

Set off on Capital goods

What provisions are applicable for taking set off on capital goods in MVAT if I am doing business in Printing industry?

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Kiran Nandu
01 June 2010 at 14:07

VAT REFUND

In form 501(form for vat refund)
we can claim vat refund for the period starting from 01/04/06 & not prior to it.
But ABC Co has vat refund of Rs.17000/- in 2005-06 & this refund is brought forward & adjusted with VAT LIABILITY of 2006-07 & VAT Refund of 2006-07 is brought forward & adjusted with VAT LIABILITY of 2007-08. In 2007-08 there is VAT REFUND of 130000/- after adjusting refunds from 2005-06. So how one can claim refund in Form 501 as it mentions condition of period to be started from 01-04-2006.
Kindly help to solve the query.

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Rajnish
31 May 2010 at 09:13

Resale computer iteam

Dear All,

Please take a note that, we are engaged in Software development.

Recently we have purchased computer(PC) and install addition software in that machine

Now we want to sale this item to client.

Further note that, we have services tax no. and VAT not applicable to us.

I request you to please suggestion, which type of tax applicable to us.

A waiting for your reply.

Your co-operation will be highly appreciated

Regards
Rajnish

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Anonymous
29 May 2010 at 19:09

vat rate of Gulabjamun

Gud Eve sir
i want to know the Vat rate of Gulamjamun mix powder in Uttar Pradesh Up Vat.
Thanx

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dholyesv

The company pays lumpsum amount as subsidy to canteen contractor.Plz suggest on following issue that Whether Subsidy is liable for vat:

1) Assessee is running canteen in factory premises U/S 46 of factory act

2) it provides canteen facilities to employees only at susidized rate. Company deducts Rs.100/- p.m. per employee for such facility.

3) along with regular contract payment, the company pays lumpsum amount to caterer based on increase in Consumer Price Index. the caterer issues bill recovering service tax on the said amount.


Reference:
1. Tisco General Office reacreation club
126 STC 547
2. M/s Bayer India Ltd. DDQ No. DDQ-
11/2001/Adm-5/73/B-1 dated 9-10-2004

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V.Savaran Chinnadura
21 May 2010 at 18:25

Delay Return

Dear Sir,


I anable to file vat return

with in the due date on 20th May,

is ther is any penalty.


Please kindly help me

Thanking you.

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Sampath
14 May 2010 at 07:55

VAT 505 & VAT515

What is the difference between Vat 505 and Vat 515 ?

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Anonymous

Kindly guide us the treatment of VAT on opening & closing Stocks in DVAT 16 through example.

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Shashank Kotak

Dear all,

What is the Due dates for Payment of VAT for a computer dealer (Pvt. Co.) along with the due dates for filing the return.

pls mention with all the categories of turnover.

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monish

Sir,
I would like to know whether input vat credit is available on goods purchased specifically for the purpose of gift. For eg. gold coins purchased to give diwali gifts to clients and staff.

thanking you,

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