Dear Sir,

I have reced one invoice for AMC of AC's.
On which vendor has cliam VAT @12.5%.

Is it right or he has to claim Service tax.

Pls explian.

Dear Sir,

I have reced one invoice for AMC for ups.

On which vendor claim service tax & vat @2.4%

can he claim both the taxes in one invoice ?

If yes why

In the Works Contract (Civil Work - Construction of Factory Building), if the Company has failed to deduct TDS , what is the penalty involved? (Note: The Co has paid the Tax amount to the Contractor)

Dear Friends,

Please clarify the following

1. While reversing the ITC, is it necessary to exclude the Capital Goods ITC portion?

2.e.filing of monthly returns - who is eligible ? is it based on the volume of tax payments to the department

3. For eg Good purchased within the state for the purpose of manufacturing @12.5 % tax rate and goods will be sold to interstate @4 % against C form. Please explain me how to reverse the ITC ?

4. For the Sales of EOU /SEZ /Merchant Exporter , is it necessary to reverse the ITC and claim the refund from the department? or instead of claiming that shall we do the non reversal is it permissible.

5. If the manufacturer is an EOU can they claim the ITC for their inputs ? What is the procedure to do that?

Yours

Dear Friends,

Please clarify the following

1. While reversing the ITC, is it necessary to exclude the Captial Goods ITC portion?

2.e.filing of monthly returns - who is eligible ? is it based on the volume of tax payments to the department

3. For eg Good purchased within the state for the purpose of manufacturing @12.5 % tax rate and goods will be sold to interstate @4 % against C form. Please explain me how to reverse the ITC ?

4. For the Sales of EOU /SEZ /Merchant Exporter , is it necessary to reverse the ITC and claim the refund from the department? or instead of claiming that shall we do the non reversal is it permissale.

5. If the manufacturer is an EOU can they claim the ITC for their inputs ? What is the procedure to do that?

Yours

Dear Friends,

1. What is period limitation on ITC ?

2.Reversal of ITC, while sales takes place to interstate/ branch transfer?
3. Excess VAT ITC can it be set off CST Payable?

1) Is VAT audit mandatory in Karnataka for private companies who get their books audited under Companies Act as well as income Tax Act?

2)When is the last date for filing of Form 240 under Karnataka VAT?

3)Once an establishment is registered under Karnataka VAT should it be renewal every year like it was being done earlier under the Karnataka sales Tax Act? If yes, please let me know the Form to be used, the last date for filing such form as well as the fees to be paid for renewal and the cheque in whoes favour renewal fees is to be paid


4) Can one submit monthly KARNATAKA VAT form 100 online?


Kindly answer the questions pointwise in the order they are asked

Thank you

what are the deduction available to dealer (works contract)who opted the composition scheme.

will he can claim the architect fees for which he raised the invoice separetly but party made the payment in lumpsum

thanks

my friend, an NRI, wants to setup a trading business in india.goods( consumable goods) are imported and sold in india.My queries are

i)whether he is liable to pay VAT on imported items
ii) is he liable to collect VAT on subsequent sale in India, if yes, what is the percentage of VAT.

iii).whether he is eligible to get VAT input credit

Whether Hospitals are liable to Collect and Pay VAT (As per Maharashtra VAT Act) on sale / Supply of Medicine to the their Patients Only if the total sale / Supply is amounting to Rs.1 Crore during the current F.Y and this is the 1st F.Y of the Hospital.
Please reply with related section / circular.

U can also reply me at: veerbhan_tharwani2006@rediffmail.com