This Query has 1 replies
is we required to pay tax / fine on purchases from unregistered dealer (Maharashtra)
Thanks in Advance.
Thanks & Regards
Mahendra
This Query has 3 replies
MVAT Audit is mandatory if T.O of sales or purchases exceeds Rs. 40 lacs.
While calculating T.O. Sales, whether Labour charges earned would form part of T.O. of Sales for determining audit applicability?
Sale of goods Rs. 30 lacs
Labour charges earned Rs. 15 lacs
purchases of goods Rs. 20 lacs
Whether MVAT Audit applicable?
This Query has 1 replies
Dear Sir/Madam
we are a job worker and we have vat refundable of Rs. 14000/- and output cst is Rs. 6251/- so my query is can i adjust cst with vat refundable.
Please help me
This Query has 1 replies
I am selling our finished product to one of My customers say ABC for example
Value of goods Rs.1,00,000/-
VAT @4% Rs. 4,000/-
Total invoice value Rs.1,04,000/-
Subsequently I am issuing credit note towards Trade Discount to the
customer i.e ABC as per the following
Trade Discount Rs.20,000/-
VAT @4% Rs. 800/-
Total credit Note value Rs.20,800/-
Now, I have to pay VAT on my above sales to the department as follows:-
Value of Goods (Net value after deducting Trade Discount) Rs.80,000/-
Add: VAT @4% (after adjusting VAT on Trade Discount) Rs. 3,200/-
Therefore, total tax payable to the goverment towards VAT Rs.3,200/-
Now, I would like to get clarification from you that, whether our above
transaction is correct under VAT Rules? Whether it is correct to pay vat
to the government Rs.3,200/- or I have to pay Rs.4,000/-?
Regards
V.Vasanth Babu
This Query has 1 replies
Dear sir,
I am working in a trading firm who is trading of electronic item like: battery on which we are paying VAT-12.5% AND SALES IN GURGAON ON "C" FORM @2% NOW AT THE TIME OF SALES TAX RETURN FILLING CST WILL BE VAT CREDIT WILL BE ADJUSTED ACCORDING TO 2% AND BALANCE CLAIM FOR REFUND.
HARISH
09313022338
This Query has 1 replies
Dear Sir,
My sales tax return filling on quartely basis in Delhi. what is the last date of e filling.
what is the last date of accknowladge the hard copy of dvat-16 & cst return (form no-1)
Harish
09313022338
This Query has 1 replies
Dear Sir,
My sales tax return filling on quartely basis in Delhi. what is the last date of e filling.
what is the last date of accknowladge the hard copy of dvat-16 & cst return (form no-1)
Harish
09313022338
This Query has 1 replies
Dear Sir,
I am working in a trading firm.
My CA always calculating like:-
AFTER CALCULATION OF SALES TAX
CST PAYABLE-4000.00
VAT REFUNDABLE:- 6000.00
HE DO LIKE CST ADJUST 4000.00 AND VAT DEMAND FOR REFUND OF Rs. 2000.00
IS IT RIGHT WAY OR WE SHOULD PAY CST SEPRATELY AND DEMAND FOR VAT REFUND SEPRATELY.
HARISH
09313022338
This Query has 1 replies
Dear sir,
I am working in a trading firm who is trading of electronic item like: battery on which we are paying VAT-12.5% AND SALES IN GURGAON ON "C" FORM @2% NOW AT THE TIME OF SALES TAX RETURN FILLING CST WILL BE VAT CREDIT WILL BE ADJUSTED ACCORDING TO 2% AND BALANCE CLAIM FOR REFUND.
HARISH
09313022338
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)
Purchases from unregistered Dealer