Hi All

I am little bit confuse about the Vat and CST like when Vat is applicable and when Vat is applicable.

For Example I have purchased a goods from Out Side of Noida like Gujrat My vender Charge me a tax for 5% and he said that this is the CST or Vat, If I am not providing him C form For Central purchase else the rate is 3%.

Kindly clear my doubts

Reg
Mint

A dealer registered under VAT Act in W Bengal and having its office at Delhi. He purchased the goods in W Bengal and send it to its branch at Delhi.
A)Can the dealer adjust the input of such goods material with the output of other goods or
B) can it be carry forwards for subsequent adjustment with Output in next quarter(s)
C) Can it be claimed as refund?
Please clarify.

Sir...Shall i take capital goods VAT as CENVAT credit. Can i adjust the same against the sales tax payable.

While preparing the P&L a/c under Sales turn-over I have taken sales amount + VAT i.e. total invoice amount. While preparing the return my auditor has set off the VAT component against VAT paid (expenses) and take only the bare sales. To my knowledge Sales turnover has been defined in the IT Act. Will some CA clarify supported by sec. no. and contents of the relevant sec. Thanks in advance.

Hi! Club Friends,

In issuing C-Forms for CST purchases, particularly from Andhra Pradesh, is it mandate to issue separate Form-C for each quarter? and under which rule / notification it was added to CST Act?

And for amounts less than 2/3 lakhs of annual turnover of the CST purchase customer, also to be issued for each quarter? Suggest.

what is composition scheme under the Tamil Nadu VAT act and how to raise the bill?

Dear Experts,

i have recd. from our stationery supplier and he has charged vat @4% on some items and @12.5% on items, can you pls. tell me what are the items eligible for 4%, 8% & 12.5%?

In a bill there is Excise duty also so is the VAT to be computed after charging the Excise duty or if there are any indirect taxes included in the bill how are they to be taxed, i.e. after charging the taxes the tax is calculated or only on the amount of goods.

i have a querry regarding VAT, can a person claim a set-off on the bill of the earlier quarter(i.e. the quarter for which the VAT return has already been submitted) on which he has not taken a set-off due to error in any subsequent quarters?

This being a software company in Gujarat purchasing computers which are capitalised and alos purchasing computer related parts whcih are debited to repairs & main. exps .

Query 1: Can we take input credit of vat charged on computers, which are capitalised under gujarat Vat Act?

Query 2 : Can we take input credit of vat charged on spares and parts of computers which are debited to repairs & main. exps, under Gujarat Vat Act?