05 June 2009
Hi All Please can you help me in the following question
1 What is VAT? How should I explain about VAT at the time of interview? 2.What is criteria to be registered under VAT ( Mean to what turnover should be there in individual & Company) 3. What form number is used to be registered in VAT? 4. How many times are Vat returns filed and which form numbers are used to file a return(in individual & company)? 5. what is due date to file a return & challan? 6. what is treatment for Capital Asset under VAT( purchase a machinery 500000)? How will we take credit from this and what entry should be passed? 7. what is CST?