m krishna mohan
04 July 2008 at 10:50
my client is a tot dealer at andhra pradesh
he filed reutrns up to date and paid the taxes there on. 3 quarters turnover(1-4-07 to 31-12-2007) is Rs. 15,50,000/- fourth quarter turnover is Rs. 25,00,000/- and paid the tot tax at the rate of 1%. his turnover is crossed more than Rs. 40,00,000/- in a year of 2007-08. 25th April, 2008 he filed the application for cancellation of tot and obtained the new vat registration. Departmental people at the time advisory visit they find out the turnover is crossed Rs. 10,00,000/- in consecutive three months(i.e. nov'07, dec'07 and jan'08) you have to pay the VAT for the months feb'08 & mar'08. I required the clarification about the issue better to refer any case laws about the issue. it is very helpful to me.
thanking you
Manish Singh
02 July 2008 at 15:41
dEAR Members,
Could yoy please pool in your information that which states do not have levied Professional Tax
subodh
30 June 2008 at 09:54
There is a Joint Ventrure Between 2 Partnership Firms taking place.
What will be the stamp duty required for the Agreement of Venture?
Will the new entity will be treated as A.O.P.?
CAN ANYBODY GIVE THE DRAFT OF Joint Venture Agreement Between Two Consrucion Firm Or Otherwise?
Memebers are requested to comment uregently.
Subodh Modak
lohithakshan u k
29 June 2008 at 21:38
SERVICE TAS ON GOODS TRANSPORT AGENCY HAVE BEEN WITHDRAWN FROM 26/06/08-IS IT APLICABLE TO THIS TO CONSIGNERS WHO ARE PAYING ST ON THE FREIGHT BILL RAISED BY THE TRANSPORTER AS THERE IS AN OPTION FOR THIS IN THE ABSENCE OF TRANSPORTER AVOIDS PAYMENT OF ST
rajesh chanda sharma
28 June 2008 at 20:01
In SC verdict in SA Builders case about allowability of interest u/s 36 (1),if fund lended to "Sister concern" in commercial expedency ,So What is "Sister concern" for a partnership firm
Anurag
26 June 2008 at 15:20
Respected Sir
I want know this Few Issue regarding SEZ of Andhra State:
1.One Contractor Making purchases for SEZ site, and the type of Purchases is LOCAL PURCHASES,in such case can he avail input of VAT???
2.If the Person already in Composition Scheme Of VAT,Then can he avail Input??
3.Are there any form through which he should Purchase MAterial
Please tell me About This Query
Thanks in advance
Anurag Gupta
CA STUDENT
ashish
25 June 2008 at 15:40
R/SIR/MADAM
MY CLIENT WANTS TO PURCHASE A LAPTOP 4M DELL INDIA PVT.LTD. ONLINE.
THE CO`S PRICE IS APPROX 35300Rs.INCLUDING BASIC 31862Rs. AND EXCISE OF 3380.25Rs.
MY QUERY IS -(1)WHETHER MY CLIENT HAVE TO APPLY FOR JHARKHAND VAT 503/504(PERMIT)OR NOT? (2)IF YES,IS HE LIABLE 4 SALES TAX OF 4%ON 35300RS.(3)WHAT ARE THE LEGAL FEES RELATED ON THIS MATTER OF THE DEPARTMENT? (4)PLZ ALSO TELL ME TO SEE OTHER SECTIONS RELATED IN THIS MATTER.
IF POSSIBLE PLZ REPLY URGENTLY.
WITH WARM REGARDS TO ALL SENIORS.
Anil
25 June 2008 at 06:58
Karnataka VAT ( K-VAT) and CST
Please note that all below questions pertain to Karnataka VAT
1) Is it possible to claim set off of VAT paid on all items (including stationary, Furniture etc) bought by the company against VAT collected on all sales (i.e. sale of trading items)? If not what is the criteria for setting off?
2) For setting off should the % VAT be same? For example: An item is bought on which of VAT % is say 20%. If the items of the company is sold on which VAT % is say 4% can set off be claimed?
3) At present what are the rates of VAT prevailing?
4) Can VAT be set off against CST?
5) Is set off allowed under CST Act like it is in VAT Act? In other words can CST paid be set off against CST collected?
6) Are any registers to be maintained statutorily under VAT and CST Act?
7) In whose favour cheques are to be drawn for payment of: a) VAT b) CST.
8) Can one issue just one cheque for payment of both VAT and CST payable during a month?
9) Can cheque be paid along with VAT / CST return?
10) Are export sales exempt from Sales Tax?
10a) what is the difference between Tax invoice and Bill of Sale?
11) Are there any challans to be filled up for payment of VAT /CST?
12) Can payment of VAT / CST be made in banks instead of paying to the department
directly?
Please answer questionwise. Thanks .
Anil
25 June 2008 at 06:58
Karnataka VAT ( K-VAT) and CST
Please note that all below questions pertain to Karnataka VAT
1) Is it possible to claim set off of VAT paid on all items (including stationary, Furniture etc) bought by the company against VAT collected on all sales (i.e. sale of trading items)? If not what is the criteria for setting off?
2) For setting off should the % VAT be same? For example: An item is bought on which of VAT % is say 20%. If the items of the company is sold on which VAT % is say 4% can set off be claimed?
3) At present what are the rates of VAT prevailing?
4) Can VAT be set off against CST?
5) Is set off allowed under CST Act like it is in VAT Act? In other words can CST paid be set off against CST collected?
6) Are any registers to be maintained statutorily under VAT and CST Act?
7) In whose favour cheques are to be drawn for payment of: a) VAT b) CST.
8) Can one issue just one cheque for payment of both VAT and CST payable during a month?
9) Can cheque be paid along with VAT / CST return?
10) Are export sales exempt from Sales Tax?
10a) what is the difference between Tax invoice and Bill of Sale?
11) Are there any challans to be filled up for payment of VAT /CST?
12) Can payment of VAT / CST be made in banks instead of paying to the department
directly?
Please answer questionwise. Thanks .
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