Vat?

Page no : 2

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

YOU HAVE TO FILE NIL RETURN

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AUDITOR VINOTHKUMAR (a) (870 Points)
Replied 05 May 2011

K SIR, WHICH ONE FORM APPLICABLE MONTHLY RETURN TO SALES TAX OFFICE?

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

IN VAT RETURN YOU CAN SPECIFY THE AMOUNT AS OTHER SALES ( VIS HIRE/FREIGHT/JOB CHARGES)

IT WOULD BE PUT NOWHERE IN TAXABLE PLACES.

I REPEAT- IF SERVICE TAX PROVISIONS ARE APPLIED THEN YOU HAVE TO FILE NIL RETURN FOR VAT ALSO.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

Originally posted by : vinoth TAX PRACTIONER
	K SIR, WHICH ONE FORM APPLICABLE MONTHLY RETURN TO SALES TAX OFFICE?

FOR YOUR RETURN APPLICABLE DETAILS, PLEASE FOLLOW UP YOUR REGISTRATION, UNDER WHICH CATAGORY YOU HAVE BEEN GRANTED REGISTRATION,

AUDITOR VINOTHKUMAR (a) (870 Points)
Replied 05 May 2011

K SIR, THNKS

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AUDITOR VINOTHKUMAR (a) (870 Points)
Replied 05 May 2011

HE SAID ME.... CATEGORY - MANUFACTURE

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

Originally posted by : vinoth TAX PRACTIONER
	HE SAID ME.... CATEGORY - MANUFACTURE

Exempted Sales ..................

in Tax payable [3] J

form "I"

AUDITOR VINOTHKUMAR (a) (870 Points)
Replied 05 May 2011

DEAR SIR,

1. CST PURCHASE - USE FORM FORM I (ANNEXURE -1)

2. EXEMPTED SALES - USE FORM - FORM - J

IS IT CORRECT OR NOT? PLS.....

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

1st of all i m disappointed with so many wrong informatin provided by you in this thread

form J is related to 2nd schedule of tnvat

nut bolt and fastener is put in 1st schedule part B code 2020, where tax is payable on every sale and return in form I is to be submitted monthly

if the dealer is confused then please visit the PRO of vat office with Registration copy, they will guide the dealer properly, which return to file and how to show the job work / exempted sale.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

THE FIRST SCHEDULE PART B [See sub-section (2) of section 3] Goods which are taxable at the rate of 4 per cent SNO DESCRIPTION OF GOODS C COMMODIT Y CODE 1 Acids and chemicals of all kinds other than those specified elsewhere in the Schedule. 2001 2 Agricultural implements not operated manually or not driven by animal, sprayers, sprinklers and drip irrigation equipments including their parts and accessories 2002 3 (a) All types of yarn (other than those specified in the Fourth Schedule), (b) Sewing threads of all kinds whether natural or artificial but excluding surgical sewing thread (c) Waste of all types of yarn and sewing thread 2003 4 All utensils other than those specified in the Fourth Schedule, including pressure cookers / pans except utensils made of precious metals 2004 5 Aluminium conductor steel reinforced (ACSR) 2005 6 Arecanut, betel nut, scented nut, seeval whether roasted or scented and arecanut powder 2006 7 (a) Articles and jewellery made of rolled gold and imitation gold (b) Imitation jewellery 2007 8 Bakery products including biscuits and cakes sold with or without a brand name (By Notification G.O.Ms.No.36 dated 1.4.08 – w.e.f.1.4.08) 2008 9 Bamboo 2009 10 Bark of plants, dry plant and dry flower 2010 11 Basic chromium sulphate, Sodium bi-chromate 2011 11 Bleach Liquid – Exempted by Notification – G.O.Ms.No.68 dated 21.05.09 ) – w.e.f. 1.4.09 2011 12 Bearings 2012 13 Beds, pillows and quilts made of cotton or silk cotton 2013 14 Bed sheet ,other than those specified in Fourth Schedule, pillow cover and other textile made - ups 2014 15 Beedi leaves 2015 16 Beltings 2016 17 Biomass briquettes 2017 18 Bitumen 2018 19 Blue metal 2019 20 Bolts, nuts, screws and fasteners 2020 21 Bone meal –(Exemption by notification –w.e.f.23.5.07) (G.O.Ms.No.107,dated 23.5.07) 2021

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U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

3. (1) (a) Every dealer, other than a casual trader or agent of a non-resident dealer, whose total

turnover for a year is not less than rupees five lakhs and every casual trader or agent of a nonresident

dealer, whatever be his total turnover, for a year, shall pay tax under this Act.

(b) Notwithstanding anything contained in clause (a), every dealer, other than a casual trader

or agent of a non-resident dealer, whose total turnover in respect of purchase and sale within the

State, for a year, is not less than rupees ten lakhs, shall pay tax under this Act.

(2) Subject to the provisions of

sub-section (1), in the case of goods specified in Part - B or Part - C of the First Schedule, the tax

under this Act shall be payable by a dealer on every sale made by him within the State at the rate

specified therein.

(3) The tax payable under sub-section (2) by a registered dealer shall be reduced, in the manner

prescribed, to the extent of tax paid on his purchase of goods specified in Part - B or Part - C of the

First Schedule, inside the State, to the registered dealer, who sold the goods to him.

(4) Notwithstanding anything contained in sub-section (2), but subject to the provisions of subsection

(1), every dealer, who effects second and subsequent sales of goods purchased within the

State, whose total turnover, for a year, is less than rupees fifty lakhs, may, at his option, instead of

paying tax under sub-section (2), pay a tax, for each year, on his total turnover at such rate not

exceeding one per cent, as may be notified by the Government. Such option shall be exercised by

the dealer within 30 days from the date of commencement of this Act:

Provided that such dealer shall not collect tax exceeding the rate notified by the Government

under this sub-section:

Provided further that such dealer shall not be entitled to input tax credit on goods purchased by

him:

Provided also that the dealer who purchased goods from such dealer shall not be entitled to

input tax credit on the goods purchased by him.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 05 May 2011

7. Filing of returns.— (1) (a) Every registered dealer liable to pay tax under the Act, other than a dealer who opted to pay tax under sub-section (4) of section 3 or section 6 or section 8 including agent of a non-resident dealer and casual trader, shall file return for each month in Form I on or before 20th of the succeeding month, to the assessing authority in whose jurisdiction his principal place of business or head office is situated. Such return shall be accompanied by proof of payment of tax. ( department classifed return)

(b) Every registered dealer who is liable to pay tax under sub-section (5) of section 3 shall file a return

in Form J on or before 20th of the succeeding month to the assessing authority in whose jurisdiction his principal place of business or head office is situated. Such return shall be accompanied by proof of payment of tax: ( your selection of return)

Provided that a registered dealer specified in clause (a) or (b), whose taxable turnover in the preceding year is two hundred crores of rupees and above, shall file the above returns on or before 12th of the succeeding month to the assessing authority in whose jurisdiction his principal place of business or head office is situated. Such return shall be accompanied by proof of payment of tax:

year and such option shall be exercised within thirty days from the date of commencement of the Act or commencement of his business whichever is later.

(d) Every registered dealer who opts to pay tax under sub-section (4) of section 3 shall file a return for

each month in Form K on or before 20th of the succeeding month to the assessing authority along with proof of payment of yax