VAT queries [Resolved] [1068]

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sathyam

This Query has 2 replies

23 July 2009 at 12:17

vat calculation

Dear Experts,
My client has medical shop. He sells medicines at the MRP Rate(Inclusive of all taxes). His sales for last month comes to Rs.27000/-. He is registered under Tamilnadu VAT. He has not collected any tax amount separetely. The amount mentioned in the bill is MRP Price. Whether he has to pay any tax? If so, How to calculate the VAT? Thanks in Advance.

ABHIJIT

This Query has 4 replies

22 July 2009 at 23:57

ENTRY TAX

WHAT IS ENTRY TAX??
PLS GIVE EXAMPLE IF REQUIRED?

ABHIJIT

This Query has 1 replies

22 July 2009 at 23:44

VATTDS

Narendra

This Query has 1 replies

22 July 2009 at 12:17

Vat input on Repairs of Machine

Can we take the VAT Input on the VAT charged on machine repairing bills OR on repairing job work or on the replacement of old spare part such as Felt-belts, bearings & gears..?

bhagwan

This Query has 3 replies

21 July 2009 at 18:27

c form

c form of short/excess amount received from vendor, the question is whether the sales invoice is required to be of the same amount? As one of debtor has issued C form of different amount (some short & other excess) than our sales invoice, invoice no. and date are o.k.Whether or not it will be a problem during ST assessment? Advice.

RD Verma

This Query has 1 replies

21 July 2009 at 15:13

Treatment of VAT against Import duty

Kindly Inform me about Treatment-Tax of VAT if at the time of purchase Import duty is paid, then after local sale with VAT.

- Import duty refund or not
- Import duty adjust with VAT paid or not

BINAYAK

This Query has 1 replies

21 July 2009 at 11:23

regarding claim of vat on sales return

hi,

as we can claim cst against the goods retuned within six months of the date of invoice , does the same rule applies with the vat too ?

can we claim vat which we have included in our invoice against goods returned within six months as the case with cst???

vinay

This Query has 1 replies

21 July 2009 at 10:16

cst

can excess of vat input of 4% be adusted against cst payable

Rajesh A M.com,MBA,ACS,LLB

This Query has 2 replies

21 July 2009 at 10:08

remitt of VAT sale without C form

Dear experts,

when we make inter state sale, without C form we used to charge VAT on regular rates.

Shall we adjust this output tax against Input credit availale or we have to remitt. in cash to Govt.

pl help.

harry

This Query has 3 replies

21 July 2009 at 06:30

can cash discount & trade discount be taken to reduce sales?

Can Cash discount & trade discount both be taken to reduce the sales value?

If cash discount is shown as an indirect expense in the books, can it be taken to reduce the sales value?

If cash discount which is recorded after recording sales for the month, can it be taken to reduce the sales value?