This Query has 1 replies
Dear Sir,
One of my client is running two businesses- a) transport sub contractor and 2) Wholesale distributor of telecommunication instruments. His total receipts from sub contracting during the year are approx 2 crores while those from telecom instruments trading is Rs. 7 Lacs Only. He is registered under MVAT Act, 2002 in respect of his trading business.
Gross receipts being more than Rs. 40 lacs he is liable to tax audit. But, since his receipts from taxable business under MVAT Act are less than the threshold limit; is he liable to audit under MVAT Act.(Total individual business receipts more than 40 Lacs)?
Please clarify.
Thanks in advance.
This Query has 2 replies
Why VAT is charged on Rented Items ?
This Query has 5 replies
Sir,
I want to know what is Cenvat how it is calculated & on which commodity it is appicable?
Regards
Bhaskar
This Query has 1 replies
Dear Sir
Pl.Clarify me we are having Br.z in through out india in all states , what is the proceser for reg.of Professional tax and i require Professional Tax rates State wise. and which states are exempted from Professional tax. Pl. send me detailed information reg.above query
regds
suri
This Query has 1 replies
is it necessary to deduct WCST while making advance payment to the contractor or it has to be deduct only after execution of contract.
This Query has 4 replies
SIR
WHETHER VAT IS APPLICABELE ON PACKAING & FORWARDING CHARGES
This Query has 5 replies
STILL COMPANIES ARE CHARGING 3% CST CITING REASON THAT THEY HAVE NOT RECEIVED ANY COMMUNICATION EFFECTING THE ROLL OVER TO 2% CST. IN THIS, TN VAT COMMISSIONER ISSUED A CIRCULAR TO COLLECT 3% TILL THE RECIEPT OF NOTIFICATION.THEN MY QUESTION IS WHETHER WE CAN ISSUE C FORM ON FOR 3% BILLS AND ALSO IS THERE IS THERE ANY PROVISION TO COLLECT THE 1% EXCESS AMOUNT COLLECTED DURING THIS PERIOD, AFTER THE ISSUANCE OF NOTIFICATION. PLEASE LET ME KNOW THE DATE OF NOTIFICATION TO THIS EFFECT
This Query has 1 replies
Rate of Tax
Dear Sir/Madam,
Can any one please tell me the rate of Excise Duty and Karnataka VAT chargeable by a manufacturer under excise on Note Book / Desk Top Computer. Please provide the relevant Notification numbers also for supporting.
Thanks & Regards,
Venkat
This Query has 1 replies
we compute sales tax through Tally,
computation is done only when sales voucher type is in 'Sale' 'and 'purchase'
but problem is when we purchase capital goods it cannot be booked in purhase
we pass JV debiting nature of asset and crediting the party but doing this way input tax on capital goods will not be reflected in computation of tax
how to go about pl guide
thanks
regards
nagendra.s
This Query has 3 replies
please clear me Vat tax lible in job work done, we have given only fabric to Job worker and he used his material like thread,button,hook,pocketing,zip etc. so my question is that how many percentage of Vat he will add on their Job labour bill and what to do in my end(we are manufacture-Registered)
Vat audit under Maharashtra VAT