What is the Rate of VAT on Beer, Wine and Liquor sales in a restaurant in Maharashtra. Can anyone please share along with relevant notification or rate schedule.

Hi All,
Is anyone having any case law on vat on sale of used/old car in chandigarh.

What is the rate of MVAT on Liqour served in restaurants for F Y 2022-23?

Error in uploading PTRC Return as "Upload is in progress"

Here I want to know the time limit for rectification of the assessment order passed by the Assessing officer under the Gujarat Value Added Tax Act, 2003.

As per my knowledge, u/s. 79 it is within 2 years from the date of passing the order.

kindly correct me if I am wrong.

Thanks

Hello Everyone,

My client registered under The Gujarat Value Added Tax Act, 2003. VAT Assessment completed for the period from April.2017 to June.2017 (Pre-GST) with the dissatisfied below points:

1) Opening ITC (Tax Credit as of 01.04.2017) not considered in the assessment order. 

2) Disallowed ITC on purchase as one of the suppliers hadn't paid tax.


Aggrieved with the above assessment order we preferred the first appeal before the appellant authority within time. Meanwhile, the Gujarat government has declared the "VERA SAMADHAN YOJNA-2019" scheme under various conditions, among them subject to one condition as an appeal to be withdrawn if it is filed against the said scheme,  Therefore, we decided to get the benefit of such a scheme for only above para no. 2, however, we wanted to continue appeal for para no.1. Therefore, we availed it and paid necessary tax for para no. 2 under the scheme by subject to withdrawal first appeal, but actually we should had to withdrawal partial appeal instead of the entire appeal but by mistakenly we had entire by received appeal order from the appellant authority in the month of Sept.2021.

Now, the local department has started recovery proceedings in connection with para no. 1 which is genuine. So, my query is that any remedy available in this matter?


Such as a request to first appeal authority to re-appeal or revision or others.......

I am thinking as a request to the local officer to generate a task for assessment for the previous period (FY 2016-17) to get the refund of closing ITC which ITC was not considered by the AO in the FY 2017-18 (April to June.17) as above mentioned.

Kindly guide me in this regard for any remedy available.

PLEASE GUIDE ME TAX COMPLIANCE FOR PETROL PUMP ACCOUNTING ( IN UTTARAKHAND)
1- WHEN WE SALE PETROL,DIESEL,LUB TO CUSTOMER (B TO C) , WE WILL CHANGE VAT ON BILL?
2-HOW MUCH MARGIN WE CAN TAKE ON PURCHASE COST OF PETROL,DIESEL ?
3-WHAT IS VAT RATE WHEN WE SALE PETROL,DIESEL WITHIN UTTARAKHAND OR INTERSTATE SALE
4- WHAT IS LEGAL COMPLIANCE ON FREIGHT ON PETROL ,DIESEL ?
5- WHAT IS LEGAL COMPLIANCE ON COMMISSION ON PETROL,DIESEL SALE IF ANY ?
6-WHAT IS LEGAL COMPLIANCE UNDER VAT AND GST FOR PETROL PUMP OWNER ?

Dear Sir,
penalty of Rs.50000/ imposed u/s 59(2) notice under Dvat Act, assessee filed appeal before joint commissioner of Dvat, please guide how to drop it and what papers to be enclose with this at the time of hearing
thanks & regards
K D Sharma
Mob-9810752318
Email kds70@yahoo.com

Hi all,

In my question, I would like to know about accounting treatment for an expense where VAT is paid in advance and the expense is payable on a recurring basis. i will explain the scenario,-

my office rent payable for the year is 36000+1800 VAT =37800, we have to pay rent in 3 payments of 12000. as the first payment we paid 13800(12000 1st payment + 1800 total VAT ), now I want to claim this VAT with the current quarterly payment ( January to March), but 2nd payment will become due on April and third payment will become due on August.

I am using TALLY, I have to post the full amount of rent to claim this full amount of VAT, but the full amount of 36000 will show in my January expense. i want to treat this expense as recurring basis, and I want to claim VAT in current period. how is it possible ? what are the journal entries

Dear Sir,
We are a sheet metal manufacturing unit in Bangalore. Purchased a Laser Cutting machine in April, 2017. We do sales of sheet metal products and also provide services of laser cutting or bending only, i.e. job-work. We are under Service Tax. Labour charges under KVAT are zero-rated sales but we include Service Tax in the Invoice to our clients. Will I be able to avail full ITC of the machinery purchase ? Thanks, Ramesh