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what is the penalty for late filing of audit report(form 704) under mvat act ?
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An assessee engaged in the fabrication works for that he is purchasing the steels and rods. While making the above purchase he would have paid VAT so he can claim it has input credit.
The same assessee is purchasing the things for administration purposes like notebooks, pen pencil, tools to maintain office. while making the above mentioned purchases the assessee have to pay VAT.
My question is,,
1. Whether he can claim the Input Tax credit for the purchase mentioned in second para (supra) made by the assessee?
2. If he can avail it as input tax credit, the purchase amount (purchase value of administration tools)should be included in the VAT return as Purchases of Goods?
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in which state vat rate of plastic water storage tank is 4% ?
shrivishalsales@gmail.com
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The Basic Bill Amount is 175600. Excise duty is 25321(14.42% on 175600). In this case on which amount VAT should be Calculated Whether it is on 175600 or 200921(175600+25321) Plz clarify me In which section this topic disscus?
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What is FORM-C? to whom it has to be given?
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Hi,
I am doing internal Audit
can any one give me a checklist for Audit of VAT/Sales Tax
Reagrds
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A domestic company sold his second hand car in West Bengal. Whether VAT is applicable on it or not. Company is registered under VAt Act to West Bengal but no any other sales activity is carried from West Bengal.
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How many types of forms required in the Sales Tax Act?(e.g.form31,form3B e.t.c.)
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A dealer has charged vat on freight chrgs included in the bill? Does the vat permits to levy on freight amount.
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If the supplier given the invoice of Rs.1000 and VAT @ 12% i.e Rs.1120.And afterword they gives 10% discount on Rs. 1000 i.e Rs.100. Whether the supplier has reverse the VAT amount also by 10%.
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penalty of vat audit