I RECENTLY GOT A NEW CLIENT - A MEDICINE CUM GENERAL RETAILER. HE IS UNDER COMPOSITION
MY QUERY IS REGARDING HOW TO PAY TAX
EG: TOTAL SALES 7 LAKHS (2 LAKHS GENERAL SALES)
TOTAL PURCHASES 6 LAKHS (1.5 LAKHS GENERAL PURCHASES)

WAT WOULD BE THE TAX RATE & WOULD MEDICINE SALES BE EXEMPT. HOW DO I SHOWN IN VAT RETURNS?

A company is enagaged in the manufacturing of kraft paper. It is using lignite coal as fuel for production of paper on which VAT is charged @ 20%. Whether input credit in availed on the lignite coal under Gujarat VAT Act-2006 or not. Please reply soon.

can we take vat setoff against sales tax payable amount in excess and show the sales tax ledger with debit balance in books of account.

We have two projects in India in different places, and we want to transfer our one project's Assets which almost '0' value in the books of Accounts to another project.

Please clarify the tax / Account / Documentation for the same transfer.

i am working in a glass manufacturing co. which is Maharashtra Mumbai i want to know that octroi should be charged before MVAT or after MVAT ? i am waiting for your reply

Sir,
Our's is a Customised Software Development Company, Till date we are paying Gujarat VAT @4% plus 1%. Now Central Govt Charged 12.36% Service Tax on Customised Software Development Company (Ref : Notification no. 18/2008 - Service Tax w.e.f. 16th May, 2008

Now what we do Either we pay VAT or Service Tax?

And if both are applicable then how can our customer take reimbursement of Tax and on which?

It is unsolved question and no body is clear in this matter. Hope you will guide us correctly.

Thanks

Pradeep P.

Once a trader gets himself registered then what are the implications, i mean what are the rules which one has to comply with in its trade practice.

kindly clarify

VAT returns is to be filled after what period is it monthly, quartely or annually
or does it depend on the liability?

kindly clarify.

Now in most of the states VAT is applicable.What are the provisions ragarding filing of returns.Whether only VAT returns are sufficient or sales tax returns are also to be submitted.

Section 8(b) of Central sales Tax Act states that (b) in the case of goods other than declared goods, shall be calculated at the rate of ten per cent or at the rate applicable to the sale or purchase of goods inside the appropriate State, whichever is higher

Now appropriate rate of which state,whether selling or buying state would be taken?