Query on Karnataka VAT and CST

Page no : 3

(Guest)

Dear Sir,

We are filing VAt returns quarterly. What is the limit on sales turnover to continue to file returns quarterly. I think we have to file returns monthly once we exceed the a particular limt on slaes turn over. What is the limit set ?

Thanks & Regards

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(Guest)

Can Two Companies have the Same VAT. For eg: one is a hotel industry and the other is an infrastructure company

regds

Anuradha

rams (consultant) (72 Points)
Replied 04 February 2009

is there any time limit for taking credit for karnataka vat - ramalingams mysore

RAJU (LEARNER) (1089 Points)
Replied 06 February 2009

I think there is no specific provision in the KVAT Act relating to time limit for claiming the VAT credit. However, from study of provisions relating to assessment, filing of returns etc., it can reasonably assumed that the credit has to be availed in the month of purchase itself. In case it is not claimed, revised returns can be filed within six months. Providing of six months time limit itself implies that mistakes, if any to be rectified within the reasonable time of 6 months.

TR Nagaraja (Consultant) (209 Points)
Replied 09 February 2009

present there are 3 tax slabs

1%, 4% and 12.5% vat rates are prevaling

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himanshu (CA FINAL) (22 Points)
Replied 23 January 2012

One of our client wished to get registered for Karnataka VAT.Is there anybody interested in providing the service with regard to same?
Please revert to email add.
ca.gagndeep @ gmail.com or contact 9811121322
Please tell what documents are required, expected financial cost & what is amount of Surety/Bank Guarantee required for CST /KVAT reg?
Is there any amount of advance required to be paid.