MJ Krishnamurthy's Expert Profile

Queries Replied : 1703

About me

I am a retired Assistant Commisioner of Commercial Taxes of Karnataka. I retired in 1998 at the age of 58.During this service I tried to go in detail about sales tax laws. Immeadiately after retirement some companies wanted to retain me as their consultant. That is how my touch with the subject of VAT laws continued.The website of CAclub india is giving a good opportunity to share my knowledge with others. I am an exserviceman from IAF. So, Iam a little different from other taxmen. We should do some service to the community that has offered us so much, That is my purpose.....Bye.

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Raj B says : is catering srvice taxble
in our college building is given on rent basis . tenant is running canteen only for our college @ rs 40 per meals on cotract basis . college is deducting TDS @ 1% on rs 40 meals u/c 194 of IT act .is canteen catere liable to Service tax and VAT

gotche says : Vat on Capital Goods under karnataka vat act
Dear sir, A construction company located in Karnataka has purchased one capital asset to use in the construction activity, whether for this vat ITC can be availed to the full extent at a stretch.. kindly help me in this regard..

MJ Krishnamurthy says : Revised retrun
The defect is rectified by filing revised return.File the same return(Oct,13)marking it as revised,and showing correct entries in the correct columns.If you have to pay any tax more now pay it with interest(2%) and penalty.....mjk

MJ Krishnamurthy says :

KATHIRAVAN says : tnvat revised return
sir, we are filed the oct2013 return in online, but we wrongly show the input tax credit as deemed sales but now we are correct it?. please give solution and how fill a revised return in tnvat