This Query has 1 replies
Dear All,
Good Day
We are Delhi based Company and having factory at Gurgaon(Haryana).
We are purchasing Raw Material from Delhi Vat Dealers at @4% Vat and the same raw maerial is transferrd to our gurgoan factory for manufacturing puporse.
Can we take 100% benefit of Input tax or some restricted amount.
Please describe in detail the procedure.
Thanks
b'regards
Saran
This Query has 1 replies
I would like to put forward my query to the experts here...
Before that a little breif about the nature of work.
We are Iron & Steel Forging firm, where basically Iron Ingots (purchased & provided by the principals) are hammered and given the desired shape on job work/conversion. Here it is to be remembered that we are not adding any material to the product, we are just processing it. And forging is one of the processes in the manufacture of the final output.
My query is whether we are liable or get covered under VAT Act?
Thanks in anticipation for the replies!
This Query has 1 replies
At what rate WCT is charged and at amount?
What is the concept of WCT Tds?
This Query has 1 replies
(1)What will be the tax rate if any party not received C form against central sales ?
(2)Whether Central sales tax department considered it, as sale to ungistered dealer or charged local VAT for this type of transactions ?
This Query has 1 replies
Sir,
Can u pls tell me , suppose if i purchase an agricultural produce/residue from farmer to use in power plant biomass, is the farmer required to pay vat on such sale.OR If i purchase from a company such agri residue, is that company required to pay vat if so at what rate.
Pls clarify i am an accountant in power plant.
This Query has 2 replies
WHAT IS 'H' FORM IN VAT IN DETAILS?
This Query has 3 replies
Hello Experts,
We have purchased coke from registered dealer. As coke is a specified goods and so maximum chargeable VAT is 4%. There is no additional VAT. We are using coke for the manufacturing of Brick, raw bauxite.
My query is can we claim refund of VAT credit of coke or else we have to book it as direct expenses in trading account.
This Query has 3 replies
Kindly Clarify One of the Computer and pheripherals sale company , purchase a printer tonner powder materials without VAT , In this case at the time of billing ,it will effect VAT - receivable or Non Taxable.
BY
M.MANIKANDAN
This Query has 2 replies
What is the WORK CONTRACT under VAT act ?
if tds deducted on work contract under VAT act. is it nessory to deduct TDS under INCOME TAX act.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Input Vat against Stock Transfer