Set-off of vat on car purchased

This query is : Open

Alpesh (Querist)
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03 April 2012 Dear Sir / Madam,

When the professional tax liablity occur deducted from salary for the month of April - 2011. if payment made in May. & when shall i make a provision in accounts of prof.tax.
in the Month of April or May ?

&
What is the due date of profession tax deducted from on salary employee?

Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2012 Dear Sir,
We purchased a car on which we paid VAT which was shown in TAX Invoice. Is it possible to take set off of VAT paid on car while paying our VAT Liability under Maharashtra VAT Act. We are also claiming depreciation in IT Return.

NILESH MANDOLE, MBA (Fin),CS

NILESH MANDOLE, MBA (Fin),CS (Expert)
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03 April 2012 FOR CAR, YOU ARE THE END USER. SO YOU WILL NOT GET IT.

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Anand Agarwal

Anand Agarwal (Expert)
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03 April 2012 Under MVAT, set off on vehicle is not allowed except vehicle used in business such as delivery van, crane etc.

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)
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04 April 2012 PT is to be paid on the last day of the month/qtr to which the return relates.

For yearly payment its 31.03.

http://www.mahavat.gov.in/Mahavat/TaxCalender.jsp

Alpesh

Alpesh (Querist)
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04 April 2012 Thanks Sir,
But In accounts when i have to make a provision of P.T. in accounts? at the time of Salary Provision or at the time of Payment. exampl. if the salary for the month of April-2011 paying in May-2011.then, in which month i have to pay Prof. Tax in the Month of April or May? Also clear the provision in accounts.