We are preparing accounts and return for the branch of a trading company, trading in beauty products.

Its monthly TO is 8-10 lacs (Appx.).

We are filing monthly requrns.

Cant we file it quarterly?

And how late filing charges should be calculated?

Thank you

I have a query rregarding excess payment of vat. i have made an excess payment of rs.1690/- for the month of april 08.
so how can i recover it since i have deposited the same in acto
also i havent filed return for 1st quarter

In which states VAT has still not been imposed

Dear Friends,

My Client is a Software Seller, they buy and sell softwares to colleges and institutions, now their suppliers started charging service tax as well as vat?
how should we charge our customers,

Method 1

Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$

or Method 2

Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$

or Method 3

Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%on(XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ) = $$$

or Method 3

Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%
on(XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$


Please Help Me in This Case Many Suppliers Charges in Different Methods Method is been observed in many suppliers Invoices Which is Correct Method For Calculation

A COMPANY HAS HEAD OFFICE IN DELHI AND BRANCH AT NOIDA. IT PURCHASES SOME VIDEO CONFERENCING ITEMS FROM DELHI AND STOCK TRANSFER AGAINST FORM F TO NOIDA BRANCH. AGAIN THE SAME MATERIALS WERE RETURN BACK TO DELHI FROM NOIDA. WHAT ARE THE ACCOUNTING TREATMENT? CAN IT REVERSED THE SALE AGAINST F FORM VIA CREDIT NOTE.
OR
AGAIN THE SALE AGAINST F FORM FROM NOIDA TO DELHI CAN BE DONE?
SECONDLY
CAN WE DO THE STOCK TRANSFER WITH CHARGING FULL TAX ( WITHOUT F FORM)OR AGAINST C FORM?

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AS SALE AGAINST F FORM AT DELHI AND FOR REVERSAL AGAIN WE BOOKED THE SALE AGAINST F FORM AT NOIDA BOOK IT WILL HIT THE TURNOVER.

PLEASE ANSWER THE QUERY.

My client is a distributor of xerox machines. He enters into full service maintenance agreement with his customers for service and also for supply of toner, catridge & drums. He collects 4% works contract tax for this agreement. Whether he has to reverse the input credit for the free supply of toner catridge etc..

pls help to resolve this issue

what is THE DEBIT NOTE & CREDIT NOTE & DIFFERENCE BETWEEN THESE TWO?

what is the differnce between output vat & input vat?

If my current sales are @2% and i have sales return of last period which were @3%
how do i adjust them? Also if i subtract the sales return from current sales at what rate should i charge my net sales?

please answer the following query:

A COMPANY HAS HEAD OFFICE IN HARYANA AND ONE BRANCH AT DELHI. IT PURCHASES SOME CONSUMABLES FROM DELHI AND RECEIEVES IT AT ITS BRANCH OFFICE AT DELHI.BUT IT MAINTAINS ACCOUNTS ONLY AT HARYANA HEAD OFFICE IN RESPECT OF DELHI BRANCH ALSO.

NOW IF IT RECORDS THE DELHI PURCHASE IN ITS BOOKS WHETHER IT CAN CLAIM VAT INPUT ON DELHI PURCHASE TO SET OFF VAT OUTPUT IN RESPECT OF DELHI SALES.

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AT HARYANA, IT WILL BE A INTER-STATE PURCHASE NEEDING "C" FORM IRRESPECTIVE OF DELIVERY OF GOODS AT DELHI BRANCH.

PLEASE ANSWER THE QUERY IN ELABORATE MANNER. I