I want to know that if partnership firm give machinery on lease for one year period then what are the implication of VAT & Service Tax. what are the rate of vat & service tax for applicable for this.

waiting for ur reply

thank you

Dear Experts,

We have registered dealer under the Delhi Vat Act 2004 and Central Sales TAx Act 1956. We have filling the quarterlly return both Dvat & CST Act on regular basis, but one invoice raised against central sales @ 12.5%, we have wrongly considered in the return by twice bare in the IIIrd quarter & IVth quarter (i.e. accounting year 2007-08) and thereafter deposit the excess tax under the CST Act 1956. Please give me advice, How can take the credit under the CST Act 1956. Whether option is that, sales tax return we have revised filled for both quarter & excess tax deposit to be carried forward to next quarter or Financial Year.

an assessee having sale less than 50% of gross receipt. can he claim vat input set off on purchase of plant & machinery?

4% VAT, which items used for 4 %.how to colleclate vat.

Will a photograph studio, dealing in printing of photographs from C.Ds, floppies, memory cards, film rolls, require to pay tax under works contract as per AP VAT Act based on the High court decision in the case of Paramound Studio.

Dear Experts,

We have registered dealer under the Delhi Vat Act 2004 and Central Sales TAx Act 1956. We have filling the quarterlly return both Dvat & CST Act on regular basis, but one invoice raised against central sales @ 12.5%, we have wrongly considered in the return by twice bare in the IIIrd quarter & IVth quarter (i.e. accounting year 2007-08) and thereafter deposit the excess tax under the CST Act 1956. Please give me advice, How can take the credit under the CST Act 1956, whether option is that, CST credit to be carried forward to next quarter or Financial Year.

I am Registered under M. Vat. We are chargine 4% Vat on our product i.e. Carbon Dioxide Gas (Industrial Gases). If I sale the same product to Unregistered party then what is the Rate to be Charged i.e. 4% or more. What about that, when i will file Vat Return? Shall i claim set off or not

What is due date for filing Form No. 704 for F.Y. 07-08

Under Maharashtra VAT , a Works contract can be taxed in 2 ways
1) Ad hoc deduction 15% / 20% / 40% etc for labour and tax balance amount @ aplicable rate
2) Composition scheme where we pay tax @8%

If i am executing an Interstate works contract then how should i tax it?
Can i get ad hoc deduction for labour charges? if no should i pay tax on entire contract value?

Dear all,
Can any body send sixth Schedule of the KVAT Act 2003, list of works contract or otherwise tell me the website where can i down load the same.

Sreenivas.S.R.