Is there any notification with regards to VAT Audit in Karnataka & whether the slab has been increased

I WOULD LIKE TO KNOW WHETHER SALES OF AN URD, REGISTERED AFTER A PARTICULAR DATE ARE LIABLE TO TAX OR NOT i.e. Sales incurred by him when he was not registered.

Say we have to deposit the VAT of rs 200 for the month.What we do is we calculate the 90% and 10% part inclusive of this payable amt, i.e rs 200*10/110 =18 and balance is 90% i.e 182. is it the right calculation or we have to calculate simply the 90% and 10% of the VAT payable i.e 200*90%=180 and 200*10%=20.So all i want to ask is whether 180 and 20 is the right calculation or 182 or 18 is the right one ?

thanks in advance.

Is VAT paid on Plant & Machinery eligible for claming Input Credit?

DEAR FRIENDS,

IF SOMEONE PURCHASES FIXED ASSETS AND CLAIM SETOFF IS THERE ANY REDUCTION IS TO BE MADE? WHAT WILL BE ENTRY TO BE PASSED IN ACCOUNTING.

PLEASE REPLY

A dealer is regularly(trading unit) purchasing from the local registered dealers @ 12.5% which in turn sales @ 2% against Form-C. Here, in every month, 10.5% of tax is found excess. What is the maximum time to claim such excess by the dealer? Please reply under TNVAT Act.

Since the father of the assessee had expired, the existing PGST(before Puducherry VAT) had been closed on 30.06.2007 and the sale invoice has been prepared to transfer the stock to the legal heir(son) who in turn gets a new registration under Puducherry VAT w.e.f. 01.07.2007. Is is possible to get the input VAT relating to the transferred goods received from his father? If so, please reply with reason. In my view, when the goods are transferred to his son(legal heir), the inherent meaning is transferring of liability on such goods is also exited and hence the legal heir is eligible to get the input vat relating to the transferred goods from his father's business(who has already expired and whose licence is closed under old PGST Act)

Hi all of u.
greets.

Hope u r doing very well.
Take vry gud care of urself.

Actually i posted this query two times for input vat credit by mistake.
so pls. forgive me.

Mukesh Kumar
Delhi

Hi all of u.
greets.

Can we take input credit on capital goods purchase in D-vat.If yes then how ?

I think that we can take it 1/3 in 1st year, 1/3 in 2nd year & balance 1/3 in 3rd year.
Am i right ?
Please correct me.
Mukesh Kumar
Delhi

Sir/Madam,
I'm auditing in a manufacturing company where they use oxygen, co2, etc. cylinders in the process and the supplier charges VAT on holding charges of cylinders beyond the free holding period. I'm unable to judge whether the supplier is entitled to charge the same on holding charges. The holding charges are seperately mentioned in the bills. Please help me out on this.