hi,
what is the rate of wct @ karnataka for erectioning & how do i compute the wct liability for the same , what are the exemptions & deductions from the turnover

Dear Sir,

What would be remedy if it happened to purchase made from un-registered dealer who has already applied for registration (TIN).

Regards,

DB Chhetri

sir,
what is the rate of wct for erection @ karnataka for the year 2007-2008 & how should i compute my return to know the tax liability (exemptions & deducions if any)

X Ltd is an entertainment company dealing in purchase and sale of Trade rights of Television serials and Films. These rights are sold and purchased by other entertainment companies who do not have Vat No.

What is the rate applicable to such rights under VAT?

If these rights are sold on contract basis and after the time period of contract is over it comes back to the selling company, then will it be taxable under VAT?

My Question is.As we can take the benefit of input vat as a credit againist the out put vat,whether we can take input credit benefit on stationaries purchased,& other non trading items for which we have paid vat.

One major Raw materail supplier Co.is raising invoices as under:
Materail cost xxxx
Add: Entry tax @5% xxxx
----
xxxx
Add: Transportation xxxx
Service Tax 12 .36%on
Transportation xxx
----- xxxx
-----
Sub Total xxxx
Add: VAT @4% on sub total xxx

My query is that, is VAT payment arises on Service Tax element under UP VAT Act.

If The Dealer having Sales Under CST Act of 3% only & He had received Return of 12.5% in that month, Then How Dealer will Reflect the Return Amount in CST Return form Under Maharashtra.

Dear sir,

would you please tell me the effective date on which 3% cst reduced to 2%.

Dear sir,

would you please tell me the effective date on which 3% cst reduced to 2%.

Sir,
I know that the vat is the value added tax in the commodity.
I want to khow that whether the selling of minerals water by the hotel industries should collected the vat ?
if yes what percent of vat should collect?
Whether vat should collected from selling of cold drink by retailers?