|
Sr.no |
Query |
Response |
|
1 |
If i purchase a taxable
commodity e.g. edible oil from a manufacturer who have sales
tax exemption till year 2010 and that company cannot charge
VAT separately in his invoice, how do i get set off against my
sales? |
You have to charge vat in your
sales bills on margins i. e. sales value minus purchase value
to your customers |
|
2 |
If i purchase a taxable
commodity e.g. edible oil from a manufacturer who have sales
tax exemption till year 2010 and that company cannot charge
VAT separately in his invoice, how do i get set off against my
sales? |
You have to charge vat in your
sales bills on margins i. e. sales value minus purchase value
to your customers |
|
3 |
vat for medical whole sellers
|
please refer the circular
available on our website |
|
4 |
This querry is regarding VAT. We
are classified under industrial Inputs as per the official
Gazette in May 2000. Does this official Gazette is in force or
a new list of items has been introduced under Industrial
Inputs. Pl clarify. |
The new industrial input
notification is available on our website under notifications
menu please refer that |
|
5 |
What will be the VAT rate for
product registered under Excise tarrif sub heading No.-
3920.32 & 3923.90 from 1st April 05? |
4% under industrial input
notification |
|
6 |
the value added tax on loose
diamonds and diamond studded jewellery is one percent .what i
want to know is that it will be 1 percent on total bill or
only on value addition.and also that i have a turnover of less
than 10 lacs so do i need to register myself as a vat dealer
|
You have to charge the vat on
sale value and claim setoff on purchases. resellers having
turnover less than 5 lakhs need not to be registered under vat |
|
7 |
In case wholselers whether they
can continue charging 0.5% Resale Tax on the sale of goods
lying in there stock as on 31.3.2005? |
No the resale tax is abolished
from 1-4-05 |
|
8 |
will the cost of personal
computers, laptop computers increase or decrease from current
(till 31-03-2005)prices due to implication of vat?
|
It depends upon the chain of
dealers involved and their margins. at manufacturers level the
prices will reduce marginally |
|
9 |
will the cost of personal
computers, laptop computers increase or decrease from current
(till 31-03-2005)prices due to implication of vat?
|
It depends upon the chain of
dealers involved and their margins. at manufacturers level the
prices will reduce marginally |
|
10 |
why at all VAT |
Its simple, progressive &
transparent system of taxation which does away with cascading
effect. |
|
11 |
Please clearify wheather
medicine is under VAT Tax or VAT on MRP at First Point?
|
VAT on MRP at First Point |
|
12 |
In the Introduction part of VAT
Act, 2005 it is stated that it will come into force w e f
01.04.2003 which really should be 01.04.2005. Should we follow
this Act w e f 01.04.2005. Kindly confirm on above mail ID or
call me on the above number. regards, Dhiraj HLL - Bombay
Branch |
as replied earlier. |
|
13 |
If VAT is meant to abolish
double taxation , will payment of Octroi cease from 1st
April05? If not, can we offset the amount paid by means of
octroi against the VAT? |
|
|
14 |
Availability of Vat Rules abd
Notifications foe Industrial Imput |
please visit our web site now
for the notification and rules. |
|
15 |
What would be the rate of VAT
for people who are under WCT. I am speaking for the interior
designing and finishing homes and offices, furniture and other
fittings. |
THERE WOULD BE 8% VAT ON TOTAL
CONTRACT RECEIPTS FOR WCT DEALER AND THE DEALER WOULD BE
ENTITLED FOR SETOFF FOR TAXES PAID ON PURCHASES IN THE
PROPORTION 16/25. |
|
16 |
where to find TIN No. What will
be the VAT On computer products ? |
EXISTING BST REGISTRATION NOS
WOULD BE VALID UNDER VAT SYSTEM AND THE DEALERS WOULD BE
ALLOTTED TAXPAYER IDENTIFICATION NOS IN DUE COURSE. |
|
17 |
Under the new regime, what is
the composition scheme for Dealers who come under Works
Contract Tax |
|
|
18 |
Under the new regime, what is
the composition scheme for Dealers who come under Works
Contract Tax |
Works contract dealers pay 8% on
their receipts. They are also entitled fro set-off on
purchases. |
|
19 |
What is the rate for composition
tax in Mumbai ? |
the rate of composition is same
anywhere in the state of maharashtra as prescribed for
diffrent classes of dealers. |
|
20 |
1. Is Tax Invoice A different
sheet of paper duplicating all the details of a Invoice? Or
Regular invoice showing VAT in a different column will do? 2.
S.C. & T,O.T. are to be charged or not. |
regular invoice showing vat .no
sc. and tot to be levied after 1/4/2005. |
|
21 |
Please adv. status for Merchant
exporters who were buying goods under Form14B without sales
tax!!! Pre VAT!! |
there is no form 14B in vat
after 1/4/2005. they should buy tax paid goods and claim
setoff. |
|
22 |
Dear Sir I am an Merchant
Exporter, and presently sometimes while exporting and buying
from Maharashtra, I use Form 14B in lieu for Sales Tax. What
is the alternate provision for Form 14B in VAT. Please explain
in detail how to go about. Thanks & Regards D K Shah
|
there is no form 14B in vat
after 1/4/2005. you should tax paid goods and claim setoff. |
|
23 |
Dear Sir I am an Merchant
Exporter, and presently sometimes while exporting and buying
from Maharashtra, I use Form 14B in lieu for Sales Tax. What
is the alternate provision for Form 14B in VAT. Please explain
in detail how to go about. Thanks & Regards D K Shah
|
there is no form 14B in vat
after 1/4/2005. you should tax paid goods and claim setoff. |
|
24 |
1. How much is the % VAT for
Fastneres? 2. Ours is Powder Coating Processing Unit, working
on labour charges. If we do only processing on Fastners, like
powder coating on Fasteners, is VAT applicable for that ? Or
any other taxes ? Kindly clarify. |
12.50% |
|
25 |
HOW TO GET SET-OFF OF VAT ON
PURCHASES LOCAL UNDER II SALES FORM,IN LAST FINANCIAL YEAR.
PLEASE ADVICE. |
as per rule 44D in the earler
law. |
|
26 |
what is the vat rate for SUBMESIBLE CABLES FOE
SUBMESIBLE PUMPS (agriculture pumps)? where is the list of
items showing rate of vat? |
submiersible pumps and plastic
coated cables are covered under 4 % schedule |
|
27 |
what is the vat rate for SUBMESIBLE CABLES FOE
SUBMESIBLE PUMPS (agriculture pumps)? where is the list of
items showing rate of vat? |
submiersible pumps and plastic
coated cables are covered under 4 % schedule |
|
28 |
1) What will happen to my
existing stock which i have purchased before 31/3/05 in wich
tax is already paid at 5.4% ( Including BST,TOT + Surch)I i
want to sell it now what rebate i will get. 2) If i puchase
material today at 12.5% Vat % i want to sell the same to
Gujarat at 4%. What reabte i i will gget & what tax i have to
bear. |
1) What will happen to my
existing stock which i have purchased before 31/3/05 in wich
tax is already paid at 5.4% ( Including BST,TOT + Surch)I i
want to sell it now what rebate i will get.you will get setoff
of only sales tax element. 2) If i puchase material today at
12.5% Vat % i want to sell the same to Gujarat at 4%. What
reabte i i will gget & what tax i have to bear. you will get
full rebate. |
|
29 |
Sir, I wanted to know exact VAT
Tax Rate for 1) Loose Tea 2) Packet Tea Pls inform as soon as
possible. |
12.50% |
|
30 |
What is rate of tax on readymade Garments,
canvas/cotton bags, cotto wallets, caps. |
GARMENTS ARE LIABLE FOR VAT @4%,
OTHER ITEMS ARE @12.5% |
|
31 |
what is vat |
Value Added Tax (VAT) is a modem
and progressive form of series tax. It is charged and
collected by dealers on the price paid by the customer. VAT
paid by dealers on their purchases is usually available for
set-off against the VAT collected on sales. For details,
contact our web site. |
|
32 |
we are into the business of
Bakery and confectionery products(cakes and chcolates) with a
annual turnover above Rs. 5,00,000/- Lakhs(five Lakhs)...do we
have an option of composition scheme? or do we have to
register as manufacters? do reply... |
yes there is composition scheme
you will get the details on our website |
|
33 |
Whether retailer purchasing
small portion of interstate purchase/urd purchases can pay VAT
on those purchases and claim composition for balance turnover
of sale which are purhcased locally |
Yes |
|
34 |
rate of IT PRODUCTS & INDUSTRIAL
INPUTS UNDER VAT |
4% |
|
35 |
bill & challan format
|
The contents of Tax invoice and
cash memo are available under rules on our website. format of
challan is also available in form menue on website |
|
36 |
Plaese inform me that Vat Is
there on Textiles Products & Their Made ups, & if Yes Plase
how i find out the rate of vat? |
TEXTILE PRODUCTS WOULD BE
EXEPTED FROM VAT FOR THE FIRST YEAR OF VAT IF COVERED BY
ADDITIONAL EXCISE DUTY SCHEDULE. NOTIFIED MADE UPS WOULD BE
LIABLE FOR VAT 4% |
|
37 |
please could u clarify if high
seas sales is valid under vat and if so suppose i based in
mumbai sale on high seas to somone in vapi does ,is that
exempted from vat? |
High seas sales are covered by
CST Act. which is in force after implementation of VAT. There
is no change as far as high seas sales are concerned |
|
38 |
what is vat |
vat is value added tax |
|
39 |
What Tax Rate Will apply to
Printer. Paper Printing Plastic Poly Bag Printing |
ALL PRINTED MATERIALS EXCEPT
BOOKS AND PERIODICALS ARE LIABLE TO VAT @4% OTHER ITEMS ARE
LIABLE @12.5% |
|
40 |
Is Vat 4 % on MRP or billing
price in case of Medicines ? |
MRP |
|
41 |
Is Vat 4 % on MRP or billing
price in case of Medicines ? |
MRP |
|
42 |
What is the percentage of VAT
for Toys? Can we start dispatches without the new VAT number?
Where can we get the list of items which fall under 4% VAT and
12.5% VAT? |
Your old RC No are valid in VAt
you will get the rates for various commodities under schedule
menu on our website |
|
43 |
1) Do I need to mentioned the
VAT on our sales bill to the customer. 2) what will be the tax
structure on AMC of the computer products. And if there is
existing AMC contract prior from April 05 which carries
Service Tax @10.2% what will be current status of the same?
|
1) Do I need to mentioned the
VAT on our sales bill to the customer. Ans. if you are issuing
tax invoice then you have to show the vat component separately
in the bill 2) what will be the tax structure on AMC of the
computer products. And if there is existing AMC contract prior
from April 05 which carries Service Tax @10.2% what will be
current status of the same? Ans AMC are works contract so you
have to pay tax on components changed as per the schedule rate
applicable to that commodity. otherwise you can opt for
composition scheme. The contract awarded prior to 1.4.05 will
be liable to tax under VAT but the liablity to pay tax is
limited to the extent of tax payable earlier in wct act. |
|
44 |
what is payment to be made for a
voluntary option of composition scheme for small retailers
having turnover above 5 lacs. |
You are requested to refer the
Notification released for retailers which is available on our
web site. |
|
45 |
what is vat |
Value Added Tax (VAT) is modem
and progressive form of sales tax. It is charged and collected
by dealers on the price paid by the customer. VAT paid by
dealer on their purchases is usually available for set-off
against the VAT collected on sales. For details, contact our
web site. |
|
46 |
vat invoice format |
the contents of Tax invoice is
on website under rules menu |
|
47 |
What are change in works
contract tax. How to comptute wct now u nder VAT and what @
set off for wct. |
The WCT Act is repealed and no
more in existance. now for works contracts also the VAT is
applicable |
|
48 |
DETAIL INFORMATION OF VAT WITH RESPECT TO
MANUFACTURERS. |
Manufacturer is required to
collect VAT on the sales effected by him at the prescribed
rates. The dealer will get set-off as per the provisions of
Rule No.52 & 53. You are requested to refer the Rules, which
are available on our web site. |
|
49 |
Pl give tax rate on all
chemicals, adhesives, resins , Gum, emulsions, tapes.....
|
Notification in respect of
Industrila Inputs bearing No.VAT-1505/CR-115/Taxation-1, dated
1.4.2005 is available on our web site. If the goods are
covered in the said Notifications, the rate of tax will be 4%,
otherwise the rate will be 12.5%. |
|
50 |
Please tell us about the
Position of the units under Incentive scheme-BC Form . What
about stocks as on 31.03.05 |
If you are holding Entitlement
Certificate under package scheme of incentives under exemption
mode, your exemption in respect of sales will be continued as
it is. You will have to purchase goods by paying full taxes
and you will have to claim refund of MVAT paid on your
purchases. As you are manufacturer, there is no implication of
stock. |
|
51 |
our unit is exempted under
capital incentive scheme . 1) effect of vat on our purchase of
raw Material & stores spares for which we were issuing bc
form. 2)how to calculate cqb 3)is their any requirement of
prepration of separte invoice other than excise invoice pls
reply in details regards vinod muley |
our unit is exempted under
capital incentive scheme . 1) effect of vat on our purchase of
raw Material & stores spares for which we were issuing bc
form. Ans Now the BC form is abolished. You have to purchase
the raw material by paying tax and claim refund of it in your
returns 2)how to calculate cqb Ans CQB is calculated on the
basis of sales made by you asper rules pls go through rules
available on our website 3)is their any requirement of
prepration of separte invoice other than excise invoice Ans
Contents of tax invoice are given in the rules |
|
52 |
1}in sales invoice, assessvalue =qty* rate
=amt 16.32% excise duty vat 12.5%= sales invoice amount
whether it is right or wrong 2}in mst all other tax i,e ii
sale form 13,was removed and vat was only calculated is right
or wrong pls clarify the above points thanking you ganesh
|
1. Correct. You have to add in
the value of the goods, the amount of excise duty and on total
invoice amount so arrieved, you have to charge VAT at the
prescribed rates. 2. All forms prescribed under the
B.S.T.Act,1959 are now cancelled w.e.f. 1.4.2005. |
|
53 |
what is the status of form (AF)37 applicable
for sale of goods to central government/indian railways under
VAT |
AF form is now abolished. you
have to levy full rate of tax. |
|
54 |
what is the status of form (AF)37 applicable
for sale of goods to central government/indian railways under
VAT |
AF form is now abolished. you
have to levy full rate of tax. |
|
55 |
what is VAT on Drip Irrigation
Components. |
12.50% |
|
56 |
What ere the product under IT.
What will be the Tax rate for UPS. |
Please refer Notification No.
Vat-1505/CR-116/Taxation 1 dated 1/4/2005 for products covered
under IT. Rate of tax for UPS covered by Excise code 85.04,is
4%. |
|
57 |
What is the composition rate ?
Will there be any set off to next pruchaser who buys materials
from the person covered in composition scheme ? if yes, how to
determine that or at what rate ? |
Please refer composition scheme
on our website for all the details. |
|
58 |
Coated Paper rate please
|
4% |
|
59 |
Coated Paper rate please
|
4% |
|
60 |
WHAT IS THE TAX RATE FOR TEA UNDER VAT
|
Tax rate for tea is 12.5%under
VAT. |
|
61 |
What will be the VAT rate for:
1) Coated Papers & Paper Boards & 2) Packaging material like
cartons, corrugated cartons, labels, stickers & other printed
material which were earlier billed under the works contract
act ? |
4% |
|
62 |
Sirs, Our product falls under
Item No. 67 of your tariff. However it is not clear whether
powder form of Non-ferrous metals will be covered under the
same schedule. Presently the tax rate is 4%. Will it continue
in 4% ? |
Please refer our website for the
notification related to non ferrous metals. |
|
63 |
rate of vat on all Diagnostics
product useed in pathological labs, Rate of vat on chemical,
surgical |
Rate of Diagnostics product used
in pathological labs is 12.5%. RATE OF VAT on surgical is
12.5%.For rate of chemical please refer the notification of
industrial inputs on our website. |
|
64 |
1. What would be tax liability
fow Works Contract carried out in Maharashtra and in other
states? Any set off can be claimed? 2. MAterials purchased
under CST . Can the set off of the same be claimed while
paying VAT in local Sales? 3. What is the VAT rate for
readymade garments? Rajiv |
1. What would be tax liability
fow Works Contract carried out in Maharashtra and in other
states? Ans the goods involved in execution of works contract
the schedule rate will be applicable.or other wise you can opt
for composition scheme 2Any set off can be claimed? ans.
setoff can be claimed for vat paid goods used in works
contract 2. MAterials purchased under CST . Can the set off of
the same be claimed while paying VAT in local Sales? ans No 3.
What is the VAT rate for readymade garments? 4% Rajiv |
|
65 |
what is the % of vat applicable
for the pumps meant for domestic/industrial usage.
|
Rate of tax on
centrifugal,monobloc and submersible pumps and parts is
4%,covered by schedule C entry19.PUMPS Other than the above
description will be taxable at the rate of 12.5% |
|
66 |
what is the tax percentage for
composition scheme for retailers? also pl give details about
composition scheme. |
All details related to
composition scheme is available on website.Please refer our
website. |
|
67 |
What rat of tax an offset
printer has to charge under VAT from april.2005 |
Rate of tax on offset printer
machinery is 12.5%.If you are doing the activity of offset
printing ,such printed material will be covered by entry 76 in
schedule C. |
|
68 |
Dear sir, Are we going to get the set-off
for the tax Paid on URD raw material Purchases, on the sale of
finished products? |
In VAT provisions effective from
1.4.2005, there is no provision to pay Purchase Tax on
purchases effected from unregistered dealers. Hence, question
of set off in respect of P.T. paid does not arise. |
|
69 |
We are manufacturers of fabrics
which are exported directly by us. How do I claim back refund
of VAT paid on Raw materials used for manufacture of export
goods. |
You have to file periodic
returns and claim refund of input taxes paid on raw materials
under the VAT provisions. |
|
70 |
I am a retailer. Under
composition scheme can I deduct exempted purchases \ sales for
calculating tax payable under composition. |
No |
|
71 |
I am a retailer. Under
composition scheme can I deduct exempted purchases \ sales for
calculating tax payable under composition. |
No |
|
72 |
In Gujrat state there is no vat.
If my dealer wants to sell goods in gujrat, how to preapre
bill in maharshtra, what would be the tax rate against form C,
4% or 12.5% ? pl. let me know immediately. Thanks.
|
The CST act is in force . hence
the interstate sales are convered by said act the rate of tax
for sales against C form is 4% |
|
73 |
what is tax rate on diamond
studded jewellery |
Please refer Entry No.1 of
Schedule B appended to the Maharashtra Value Added Tax
Act,2002, which is as under.: 1. Articles made of precious
metals of fineness not less than fifty per cent whether or not
containing-precious-stones, semi precious stones, diamonds or
pearls whether real or cultured. The rate of tax is 1%. |
|
74 |
what is tax rate on diamond
studded jewellery |
Already replied |
|
75 |
what is tax rate on diamond studded jewellery
?IS THIER ANY TAX ON INTER STATE TRADING OF LOOSE DIAMOND?
|
Interstate sales of used or
unused Diamonds are liable to CST at 1% against declaration in
Form-C and at 10% in absence of declaration in Form-C. |
|
76 |
we are registered dealer. we
purchase O.M.S. and sale in maharashtra under E-1 transaction
against 4% CST. Pl. guide us how the rate structure would be
under vat. we deal with machine Parts. |
the rate of tax for machin part
sold by you is 12.5% |
|
77 |
what is tax rate on diamond studded
jewellery?IS THIER ANY TAX ON INTER STATE TRADING OF LOOSE
DIAMOND ?DETAILS ABOUT LABOUR JOB, IF A MAN GIVE GOLD TO
KARIGAR TO MAKE JEWELLERY,ANY SERVICE TAX ON IT ? |
VAT on diamond jewellery 1% and
interstate sales of loose diamonds is 1% against C form. For
service tax matter pls contact nearest central excise office |
|
78 |
IF I AM A RETAILER DO I NEED TO
SHOW VAT AMMOUNT SEPERATELY ON MY BILL OR IS IT OK IF THE VAT
AMOUNT IS INCLUDED IN THE PRICE .SECONDLY I AM REGISTERED
UNDER BST & CST IS IT NECESSARY TO REGISTER AGAIN UNDER VAT
PLEASE LET ME KNOW AS SOON AS POSSIBLE. |
1. It is at your option to issue
VAT invoice or cash memorandum. You have to show tax amount
separately if you issue VAT invoice. If you issue cash memo,
it is not necessary to show tax separately. 2. If your
turnover for previous year is more than Rs.5,00,000/- or you
are an Importer and your turnover for previous year is more
than Rs.1,00,000/- then you are not required to get yourself
registered under the provisions of VAT Act and your existing
Registration Nos. will continue. |
|
79 |
can u give me list of various
items under 4% VAT and 12.5% VAT If my purchase is from
non-vat state kindly let me know how should i account the
things and whether I will be elegible for for set-off against
different taxes paid by my supplier and also let me know if
the purchase is tax-free whether VAT paid by me will have any
set-off procedure. Regards Dharmesh |
For list of commodities taxable
under 4% and 12.5% please refer schedule published by Govt. It
is available on our website. You can not get setoff of tax
paid on oms purchases If purchases are taxfree you can not get
any setoff. If your purchases are form our state and your
supplier has collected vat seperately form you and has issued
tax invoice to you, you can get input tax credit. |
|
80 |
Business is of Tea Stall on
suburban railway stations and are regd. dealers under BST.Our
selling price is either MRP or fixed by the Railways and thus
cannot charge tax from the public. Also, as unit value is
low,bills are not raised. Q. Are we liable for VAT/ST? If so
at what rate? |
YOU WILL BE COVERED BY
COMPOSITION SCHEME IF THE TURNOVER IS ABOVE RS. 5 LAKH. |
|
81 |
Business is of Tea Stall on
suburban railway stations and are regd. dealers under BST.Our
selling price is either MRP or fixed by the Railways and thus
cannot charge tax from the public. Also, as unit value is
low,bills are not raised. Q. Are we liable for VAT/ST? If so
at what rate? |
YOU WILL BE COVERED BY
COMPOSITION SCHEME IF THE TURNOVER IS ABOVE RS. 5 LAKH. |
|
82 |
Dear Sir, We are being assessed
by Mandvi Division since 1986. We have two queries, and will
be obliged to receive your reply: 1.As we already have a BST
and CST number, how do we apply for a VAT registration no.
What is the form no. under which we apply for this and
procedure. 2.We are dealers/resellers of chemicals. Our
products are not mentioned in any of the new schedules for VAT
rates. These products are all industrial inputs. We understand
they are being notified under Schedule C - 54. Where can we
get a list of industrial inputs (including chemicals) being
notified. Can we have the reference no. of such
list/notification/circular/notice, so that we may procure the
same. We shall be highly obliged if you could please provide
us the requested information. Regards Vinay Agarwal Fortuna
Agencies Bombay |
Your BST & CST No. will be
continued as it is in VAT Act,if your turnover is exceeded
Rs.5 lakhs in the previous year or if you are importer, your
turnover has exceeded Rs. 1 lakh. List of industrial input and
packing material is notified by the Govt. and the same is
available on website. |
|
83 |
What will be the tax rate for
life saving medicines which earlier were excempted from any
sales tax. |
Life saving drugs are now
taxable @4% |
|
84 |
we are availing benefit under
sales tax exemption scheme at SANGLI. Please advise whether we
have to charge VAT - whether our customer get any benefit.
Whether we can continue to purchase without payment of VAT. If
so how. Whether credit can be taken for CST paid. |
As you are covered under
Exemption mode of package scheme of incentives, you will not
be required to charge VAT. Your customers can get reduction in
Saleprice as prescribed in rule 57(2). You can not continue to
purchase without payment of VAT. No setoff is allowed on goods
purchased from OMS i.e. CST paid. |
|
85 |
1.for Form 14,14B,BC form under
sales tax,what rate of vat is to be charged.? 2.please confirm
for below ex. chapter heading the rate of vat
3926.90,3920.32,3920.
31,8485.90,3920.39,3915.90 ? |
Now all forms i.e. 14,14B,BC are
not existence w.e.f.1.4.2005. Regular rate of VAT will be
applicable for the sale of goods. In absence of description of
goods of chapter heads in your querry , correct rate of tax
can not be communicated. |
|
86 |
We are components manufacturer
for domestic and automotive industry. kindly clarify vat
implementation for it |
Rate of tax on automobile goods
is 12.5%.Under Vat you are required to charge Vat at full rate
on sales and you will get credit of tax paid on purchases. |
|
87 |
What is Composition Scheme
Please ellaborate on the above given topic |
In order to relieve some
businesses of the need to keep detailed records the makes
provision for a simple method of accounting for VAT. The
method of calculating how much VAT is due to be paid is also
made easier.Such a method is called compostion scheme. |
|
88 |
pls let us know the composition
scheme for restaurants |
Composition scheme for
Restaurant is available on website. Pleae refer the same. |
|
89 |
Online Registration |
This facility is not yet
provided. |
|
90 |
WE ARE AUTHORISED CERAMIC
DEALERS OF JOHSON, NITCO, KAJARIA, HAVING 2 SHOWROOMS IN
AMBERNATH & BADLAPUR. PRODUCT FROM JOHSON IS UNDER NO TAX HOW
DO I BILL THEM TO END CINSUMER, PRODUCT FROM NOTCO BILLED @
15.8 STOCK IN HAND HOW TO BILL & NEW STOCK PURCHASE @ 12.5%
HOW TO BILL. PL ADVICE, HOW TO BILL TO CONSUMER & SUBDEALERS,
OUR TURNOVER IS ABOVE RS 1.5 CRORE |
You can issue tax invoice to
your sub dealer and/or cash memorandum to end users at your
option in respect of tax paid separately purchases. For the
goods purchased from Entitlment holder,(M/s Johnson) you have
to pay tax on your value addition i.e. after deducting
Purchase price from your sale price. On differential amount
you can collect taxes separately. Please see rule 57(2). |
|
91 |
I had purchased my car in Jan
2004 from Baroda (Gujarat) and have now shifted to Navi
Mumbai. I paid GST @ 8% in Gujarat and now I am told that when
I trasnfer the vehicle to Navi Mumbai I will have to pay the
differential sales tax of Gujarat and Maharashtra. Please
advise if this is true and with VAT coming into effect at what
rate. |
had purchased my car in Jan 2004
from Baroda (Gujarat) and have now shifted to Navi Mumbai. I
paid GST @ 8% in Gujarat and now I am told that when I
trasnfer the vehicle to Navi Mumbai I will have to pay the
differential sales tax of Gujarat and Maharashtra. Please
advise if this is true and with VAT coming into effect at what
rate. ANS if you have transfered the car before 1/4/05 then
you have to make payment of 4% tax in maharashtra otherwise
4.5% |
|
92 |
What is the VAT on Retail. I
Sell Pet food and Pet Products. Where do i get the required
information from? |
12.5% for act rules and
notification pls visit our website |
|
93 |
What is the VAT on Retail.I Sell
Pet food and Pet Products. Where do i get the required
information from? |
12.5% for act rules and
notification pls visit our website |
|
94 |
I am in retail trading of all
types of sarees handloom as well as power loom from all over
India. currently I am registered under Luxury tax on heavy
silk sarees. n\now whether VAT is applicabel to me ? Luxury
tax will continue from 1Please let me know April? |
Luxury Tax ACt would continue in
present form. Itis not merged in VAT. |
|
95 |
I am in retail trading of all
types of sarees handloom as well as power loom from all over
India. currently I am registered under Luxury tax on heavy
silk sarees. n\now whether VAT is applicable to me ? Luxury
tax will continue from 1Please let me know April? |
Luxury Tax ACt would continue in
present form. Itis not merged in VAT. |
|
96 |
we sell industrial inputs to
units backward area, we use to charge NIL tax against form
"BC", What is the current status ? |
You have to charge VAT as
applicable on your sales. With effect from 1.4.2005 all forms
such as form BC/15EC are not in existence. |
|
97 |
What will be the method for
calculating setoff(formula) when we send goods out of
Maharashtra. Thanking you, Yours faithfully, For Sanyo
Chemicals Ramesh Shah Proprietor |
If the dealerdispatches any
taxabe goods outside the state, to any place within |
|
98 |
Sir, I run a cybercafe at Babhai,
Borivali (W). How will VAT affect my business? Do I need to
register for VAT? Can you please give me details of VAT for
Cyber Cafe? Thanking you in anticipation Yours sincerely,
Ashish Malani |
Cybercafe is a service and
services are not taxed under the VAT Act.You need to register
only if you are buying or selling goods. |
|
99 |
Dear Sir: The state goverment in
year 2002 by their notification STA.2002/CR24A/Taxation-2
dated 1st May 2002 had made following life saving products
made out of Human Blood & Plasma tax free 1) Anti-Haeomophilic
Factor Concentrate (VII & IX) 2) Anti Rabies Normal Human
Immunoglobulin 3) Anti-D Immunoglobulin 4) Hepatitis B
Immunoglobulin 5) Normal Human Immunoglobulin 6) Normal Human
serum Albumin What will be the tax rate for above items in VAT
regime from 1st April 2005. Regards, Purvi Shah |
The items mention by u are
covered under schedule entry C-29 Under MVAT , for taxatation
of medicines pl refer cir 1T OF 2005 DTD 1/4/05. |
|
100 |
Respected Sir/s, I am
manufacturing and trading following products:1.Currency
Detectors, 2.Currency Counting Machines, 3. Inverters
(Electronic Power Generators),4.UPS,5.Emergency
Lights,6.Stabilizers etc. Please let me know the tax structure
for the above products and how should i bill to the dealers
and consumers separately. Also let me know the outside state
taxation or billing for sales as well as purchases. Should i
keep separate books of sales for trading and products mfd by
me? Kindly oblige by providing information along with
examples. Regards, Rajesh |
As per schedule entry C-56, list
of IT products are notified, under which UPS are covered at
serial no 7 excise tarrif no 85.05.For your other items pl
refer web site www.
vat.maharashtra.gov.in.
notification for further details. |
|
101 |
What is Rate of Lease Tax i.e.
Right to use of Goods Act? What is the deadline for paying
tax? Any new challan or return being printed for filing VAT
return and tax? |
Lease Act is merged in VAT.
Lease dealers will pay VAT on sales and the dates will be as
per the VAT Act. You are required to pay VAT on your
sales(rents). |
|
102 |
If I import goods from outside
India, can the duty paid be eligible for setting off? Where
can I find information on how to exactly calculate my VAT?
|
As on today no set-off is
available on custom duty paid by the dealer, on which items u
want to know rate of tax , you have not mention in your query. |
|
103 |
VAT is applicable for retale
medical shop? |
Medicated soap is not medicine
,thus liable to MVAT @ 12.5%. |
|
104 |
can we continue to sale of goods
in transit by endorsing documents of title like before.
Whether c form is to be collected from the party and e - 1
form is to be collected from buyer. 2 ) What is the rate of
sales tax under cst. when the goods are sold to outside state
buyer in case of registered and unregistered dealer and in
case of registered buyer whether c form is to be collected or
not |
There is no change under CST ACT
1956 after introduction of MVAT WEF 1/4/2005.If the goods are
supported with c form liable to tax @4% AND NOT SUPPORTED THEN
10% OR higher rate of tax applicable in MVAT. |
|
105 |
Respected Sir, i would kindly
request you to supply me the list of items and objects on the
sale of which VAT is applicable. thanking you, Neha jalan.
|
Kindly refer web site http://
www.vat.maharashtra.
gov.in
for details schedule entries i.e. schedule A,B,C,D,E. |
|
106 |
What is VAT % for Industrial
valves, Pipes, Fittings & flanges in Carbon steel & ss.
|
There is no specific entry so
the rate would be 12.5% |
|
107 |
Our item Glass Beads (Micro
spheres of Glass) under earlier schedule notification A-30(2)
was free from sales tax. Please inform the rate of VAT
applicable under current law. This is urgent so please inform
per return immediately. Thanks. |
Beads of Glass are covered under
schedule entry C-51 AND LIABLE TO MVAT @4%. |
|
108 |
Dear Sir / Madam, I want to send
material from Nasik (Maharashtra) TO Kurnool (Andhrapradesh)pls.
tell me what will be the tax (vat) structure. waiting for your
reply. Thanks & Regards Chetan Sonawane, Nasik 9890229054
|
If mateial send from Nasik (MS)
TO Kurnool (AP) IT IS INTERSTATE SALE LIABLE TO TAX @4%, IF
SUPPORTED WITH C forms . There is no change under CST Act
1956. |
|
109 |
Dear Sir / Madam, I want to send
material from Nasik (Maharashtra) TO Kurnool (Andhrapradesh)pls.
tell me what will be the tax (vat) structure. waiting for your
reply. Thanks & Regards Chetan Sonawane, Nasik 9890229054
|
it is presumed that you are
selling goods to Kurnool.in such case there is no change in
c.s.t. taxation system.If your sale is on c form it is taxed
@4%.If sale is not supported with c form it will be taxed
@10%if commodity tax rate is less than 10% ,if commodity tax
rate is more than 10% it will be taxed at that higher rate. |
|
110 |
Sir, I would like to know what
is the Vat rate on PVC Insulated Copper Cables & Wires, Please
let us know P.Vasudevan Marketing Manager |
For Industrial Plastic coated
cables, teh rate of tax is 4%. |
|
111 |
Ours is a Khadi and village
Industries Commission unit exempted from Sales Tax in
Maharashtra state . Am I exempted from VAT also ? If so upto
what limit? |
No. Your sales are not exempted
from MVAT Act. |
|
112 |
Manufacturer having turnover
less than 5 lacs is liable to pay vat ? if he is buying raw
mat. with vat payment , set-off avaible Vat system for S S I ?
Whether invoice should show seprate vat or sell price should
inclusive of vat Manufacturer raised inv. on selling price
than what about M R P |
Manufacturers having turnover
less than 5 lacs is not liable to pay vat.Hence other
subqueries related to first query are not applicable. |
|
113 |
We are manufacturers of glass
ampoules and glass tubular vials which comes under Schedule
Entry c-1/27 C.Excise Heading 7007.10 This is converted out of
glass tube under C.Ex Heading 7001.90 Kindly let us know 1.
How Billing can be done by us and under what rate in inside
Maharashtra and also outside Maharashtra against Form C 2.
What is the Schedule entry and the rate for the above items.
3. Our existing BST & CST Nos will be OK? If not do we have to
register for VAT 4. Out Turn over is above 10crores. Pls
inform us at the earliest Thanking you R. Stanley |
If your goods are covered by ex
heading no 70.07 then it is taxable @4% inside maharashtra.
and for interstate sales you should charge 4% against c Form.
The sch entry for industrial input is C-54. please refer the
notification of industrial input.Your exsiting BST/CST no are
ok no need of registration for vat. |
|
114 |
whether vat is published in
official gazzete |
YES.You can refer our website. |
|
115 |
what is the rate of tax on
cotton cloth and cotton coated rexin cloth and other cloth
such as wollen cloth ,silk cloth |
Please communicate teh central
excise tarrif number to your produces to enable us to give a
proper reply. |
|
116 |
We are Manufacture of Computer
Desined Polyester Woven Garment Labels which is mainly used by
Local Garment Manufacturing Industry & Garment Exporter. Pl
let me know what Rate of VAT Should I charged on my product.
|
please supply us the exact
excise heading of your product |
|
117 |
what about cst purchase weather
tax can be allowed as set off while selling in maharashtra by
charging vat or should we sell as sale in transit if whole
consignment is sold. if cst is not allowed as set off then it
means that we should not buy anything form other states.
|
ans for Q 1 is No. Q.2 you can
sell in transit provided all other requirments Under CST act
fulfilled |
|
118 |
we have only bst no. but now we
are planning to distribute items in other states then what is
the procedure to do to run my business in the same name in
multiple states? |
you have to follow procdures in
those respective states.You have to add those places in your
MVAT R.C.NO.as additional places of business. |
|
119 |
What is the rate of Works Contract Tax under
VAT ? IN CASE OF COMPOSITION IS A LOWER RATE APPLICABLE ? It
is practically very difficult to relate specific purchase
bills |
In composition rate of tax is *%
on the total receipts. Set-off would be reduced by 16/25% in
case of composition.In other cases, tax rate would be as per
schedule and full set-off would be available. |
|
120 |
CLEAR OUR TIN NO OR HOW TO
CONFIRM OUR TIN NO |
In maharashtra no Tin no. are
alloted yet. Your bst no. will be the vat no. |
|
121 |
whether material can be
dispatched on challan and tax invoice can be sent subsequently
for more than one challans together. |
There is no change in previous
procedure. |
|
122 |
I want to know the exact & clear
details for the VAT taxation on construction industry. Also
How does it affect to the contractors. Thanking You.
|
please see the rule 58 of the
maharashtra vat rules, pertaining to calculation of purchase
price for works contract. |
|
123 |
For one of my customer i would
like to know 1. What i s the rate of VAT for Stainless Steel
Spoons, Forks etc.? 2. Will there be CST applicable?
|
The VAT rate for Stainless Steel
Spoons, Forks is 12.5%. if You sell goods out side the
maharashtra state then CST will be applicable. You will get
setoff of the taxes paid on your inputs. |
|
124 |
Whether works contract tax is
still applicable? what vat should be charged for Engg
contracts in State & what for OMS works contract? what is a
composite scheme? |
There is only Value added Tax
after 1/4/05. You should charge VAT as per the schedule entry
of the goods in which the property is trasferred under works
contract or you can opt for composition scheme |
|
125 |
Sir, IF in a trade suppose one
party is registered under VAT and the other Party is still
under BST. & the Party under VAT purchases from PARTY under
BST and sells the same Goods to direct consumer, how will be
the set off Mechanism. please Reply. Thanks. |
Such situation will not arise.
All the dealers registered under the B.S.T.Act till 31.3.2005
are covered under the provisions of VAT Act w.e.f.1.4.2005,
subject to the provisions of Section 3 of the VAT Act. |
|
126 |
I am a manu. of press Tools,
jigs and moulds. How much VAT should I charge in my tax
invoice? |
|
|
127 |
i am a machine tool dealer
selling machinery and electric power tools what will be my
slab 4% being capital goods or 12.5% |
|
|
128 |
1)How do we make cash
memo/credit memos for retailing and whole sealing? 2)Incase we
are whole sealers/retailers then is it advisable to go for VAT
and how do we separate whole sealing and retaiing?
|
1. In respect of wholesell
business, VAT invoice is required to be issued. For retail
business, you may issue case memorandum. 2. You have to go for
VAT. |
|
129 |
Dear sir, Suppose Seller Party
in trade is exempted from VAT for Low turnover and the
purchaser party is under VAT, and the purchaser himself is the
last consumer of the goods , then do he have any liability
onto him. Please reply. Thanks. |
Purchases effected from the
dealer who is not registered under VAT Act will not attract
Purchase Tax Liability on the purchaser. The purchaser of
these goods will not get input credit of tax i.e. set off. |
|
130 |
What is the rate of VAT on
Plastic Scrap and Recycled Plastic Granules out of Plastic
Scrap ? |
As per schdule entry C- 75
Plastic granules and master batches are taxable @ 4%. Plastic
scrap taxable at 12.5% |
|
131 |
Pl let us know 1) the list of
items included in Schedule E (12.5%) 2)Whether tax rate are
corelated with Central Excise Tariff? |
Schedule E is for goods which
are not sepcified in any other schedule of the VAT act. Its
residuary Schedule. Except for industrial input and IT
products there is no correlation with central excise tariff |
|
132 |
1)How do we make cash
memo/credit memos for retailing and wholesealing? 2)Incase we
are wholesealers/retailers then is it advisable to go for VAT
and how do we seperate wholesealing and retaiing? |
For the purpose of whilesale
business, you have to issue tax invoice and for retail
business, you may issue cash memorandum. The provisions
related to your question are described in Sec.86 of the
Maharashtra Value Added Tax,2002.The entire text is available
on our web site. |
|
133 |
please inform the VAT rate of
tax for dyes and chemicals ? |
You are requested to refer the
Notification No.VAT-1505/CR-115/Taxation-1, dated 1.4.2005
published in respect of Industrial Inputs and packing material
which is available on our web site. If your goods are covered
by the Entries in the said Notifications, then the goods will
attract 4% tax. Otherwise, tax rate will be 12.5%. |
|
134 |
My business is Jwellers. But my
shop is in the town place where turnover of a is not more than
2000 then can i will have to pay the vat . and my yearly
income is not exceeds Rs.50000 how can i manage vat?
|
Your question does not give the
exact details as regards the nature of business whether you
are Importer or a Reseller. Similarly, you have not given the
yearly turnover of sales or purchases. The limit for
registration under the VAT Act is Rs.1,00,000/- per year for
Importer and Rs.5,00,000/- for other type of dealers. |
|
135 |
Sir, Pl. let us know Vat Invoice
format for billing purpose. |
No specific proforma for VAT
invoice is prescribed. You have to mentioned “TAX INVOICE” in
bold letters preferably on the top of the invoice. Your
address and Registration No. should be printed. The name of
the purchasing dealer and address is required to be shown.
Following Certificate is required to be given at the end of
the invoice. “ I/We hereby certify that my/our registration
certificate under the Maharashtra Value Added Tax Act, 2002 is
in force on the date on which the sale of the goods specified
in this tax invoice is made by me/us and that the transaction
of sale covered by this tax invoice has been effected by me/us
and it shall be accounted for in the turnover of sales while
filing of returns and the due tax, if any, payable on the sale
has been paid or shall be paid.” |
|
136 |
We are manufacturer of
engineering spares & selling it to all Zonal railways.Some
times Railways send theire machinery at our works for repaires
in which we have to repaired the machinery and have to fit new
material too.In this case we are charging to railways service
tax on repairing & Sale tax on supply of material. Now please
inform us how we should calculate the taxes on repairing &
manufacturing after VAT is imposed. Secondly some orders from
railways issuid from Mumbai and the material is to be deliverd
in Bhusawal i.e.into Maharashtra only. please also give the %
of tax in this case. |
for repairs you have to charge
vat on components and parts replaced as per the applicable
schedule rate. for delivery in bhusawal same rate is
applicable |
|
137 |
Whether Form "BC" will be issued
for purchases during 2005-2006 for Entitlement Certificate
holders. |
No all forms are aboilshed |
|
138 |
this web site is very good but i
do not open forms & also rate forms page please expleain this
queary |
please try again |
|
139 |
APPLICABALITIY OF VAT ON
AGRICULTURAL AND FOREST PRODUCT ???? PLEASE REPLY AT EARLISET
REGARDS DHARMESH DESAI |
please go through schedule
available on our website |
|
140 |
1. Please inform the rate of tax
for paper purchased on "c" form? 2. Rate of tax for paper used
for xerox and note-books. 3. Tax is to be calculated on the
total sales or on the G.P. or N.P. KINDLY CLARIFY THANK YOU
|
The tax rate is @4% on sales
price of the paper whether it is purchased on c form or
otherwise |
|
141 |
our sale tax no.is
413304-s-00188 pls tell us our TIN no. |
there is no tin at present your
old no will continue |
|
142 |
at what rates are board games to
be charged in vat |
SPORTS GOODS ARE @4% |
|
143 |
ARE FORM 14/14-1/15/31 VALID TO
BE ISSUED UNDER VAT? PLEASE CLARIFY WHAT ABOUT PURCHASES FROM
URD DEALERS, ARE THEY SUBJECT TO VAT INSTEAD OF PURCHASE TAX
WHICH IS NORMALLY PAID BY THE BUYER? |
NO FORMS UNDER VAT. URD
PURCHASES WOULD NOT BE ENTITLED FOR SETOFF |
|
144 |
if the dealer is purchasing from
manufacturer who is exempt under exemption scheme and is not
chrging sales tax, then should the dealer chage VAT as he is
getting the goods on NFNT and on what amount |
POST EXEMPTION VALUE ADDITION IS
TO BE TAXED UNDER VAT |
|
145 |
Electric Motors. |
PUMPS ARE LIABLE TO VAT @4% |
|
146 |
Dear Sir, Kindly please inform
that if goods are procured locally on payment of the VAT, how
does one take the benefit of VAT when the goods are sold out
of maharashtra state. |
YOU WILL FULL TAX CREDIT AND
REFUND |
|
147 |
rates of tax charged on
paraffinwax and wax candles |
As per entry C-71 rate of tax on
paraffinwax is 4% |
|
148 |
Please let us know the tax
chargeable on our product - SODIUM SILICATE, EXCISE CHAPTER
NNO. 2839.10 Tax until yesterday was 13%++ |
REFER INPUTS NOTIFICATION ON
http://
www.vat.maharashtra.gov.in |
|
