Respected sir
We are online sellers most of our products are purchased without bill we make purchase of around 7 lakh monthly so i just want to know how do i get bills for those purchases and how can i pat Vat on it also how much i need to pay Vat if i purchase a product for rs 100 and i sell it for 200rs
Silent victory
24 September 2016 at 16:51
Our builder continues to ask for VAT on flats purchased in 2008 from 2012 onwards . His amount has remained constant and at approx 5 % from 2012-2016 despite various trade circulars providing clarity on methods all the way upto 2014.
1. His requests are only in form of letters
without any computation
2 Through RTI i know he did not pay vat
in time and received notices and
finally an ex parte order with
interest and penalty exceeding the vat
amount .
3. He only claims his method is under Sec 58 but at 5 % his amount is 3 times what we think it should be
4. Society has been conveyed and possession letters given long back
Questions for experts
1.Is he within MVAT law to claim a figure from buyers without giving any backup or tax invoice
2.Is he oblidged to give proof of payment if i insist .
3. if there is a vague clause in contract that service tax and all other taxes to be borne by buyer ... does it become a perpetual surviving clause or it has a time limitation of 3 years fro his demand
naveen mehta
22 September 2016 at 16:42
I received a notice from income tax for paying Rs 4/- less income tax this financial year please suggest whether it is necessary to pay Rs 4/- and also guide me how can I pay it thanks
Meenakshi Upadhyay
19 September 2016 at 22:40
proprietor of a firm dies. his son wants to take over the firm. now TIN no. remains the same or changes with change in proprietor.
Jeevanjot Singh
16 September 2016 at 22:35
father paying allotment money and subsequent installment for the property on his daughter name and almost 50% coming to around 8 lakh already paid by him. is there any tax liability on the married daughter who is also earning and govt class 1 officer.
Karan Gaur
12 September 2016 at 12:39
Greetings of the day to all learned experts!!!
how penalty under section 271(1)(c) will be levied if search under section 132 is conducted immediately before the last date of voluntary disclosure income scheme
Sir,
I on behalf of many Drawing & Disbursing Officer appointed under State Govt Service wants to know that under which constitutional provision the State govt is required to collect Income tax from its employees under Income Tax Act, 1961 ?
we presume that it is the responsibility of central govt employee and not that of State.
Further, if no tds return is filled in time that D&DO is to pay fine from his pocket whereas no any incentives is paid to us other normal salary equal to that other employees of the State also get.
So our main question is why hsould State govt employee do the duty pertaining to the Central govt.
Ashok Kumar Sharma
07 September 2016 at 23:18
Sir,
Is payment of service-tax compulsory on services taken from State Police Department, though not claimed in bill/invoice raised by State Police Department.
Thanks & Regards,
Anonymous
07 September 2016 at 22:32
Hello actually i have a paying guest in my ground floor, so i have ten guys staying there. So do i need to register it for a pg of 10 persons, so do i need to register it
Composite Vat
Sir,
I HAVE SOLE PROPRIETOR SHIP BUSINESS WHICH I REGISTERED UNDER COMPOSITE VAT SCHEME BUT I DON'T KNOW HOW TO MAKE THE VAT PAYMENT AND THERE RETURN PLEASE ADVICE ME.