Answer / manikprabhu s uttarwar

Following are the broad step to make VAT Return -

1. List of TIN-Wise & Tax Rate Wise Purchases from Registered Dealer within the State.


2. List of TIN-Wise & Tax Rate Wise Purchases from Registered Dealer Outside the State.

3. VAT Rate wise LOCAL (Within the State) Sales


4. VAT Rate wise CST (Outside the State) Sales

5. List of Stock Transfers outside the state

6. Details of Sales of Scrap / Sale of Asset / Intangible Assets (e.g. Copyright, Brand etc.)

7. List of Imports

8. List of Exports

9. List of Stock Receipts from Outside State

10. And then you have to calculate VAT Liability like -

OUTPUT VAT PAYABLE - INPUT TAX CREDIT AVAILABLE + RETENTION ON BRANCH TRANSFERS OUTSIDE STATE

11. State to state rate of retention is different

12. Purchase of Assets / expense purchases also needs to be separated from Local purchases

.........
.............. this way you have to prepare for VAT Return working

company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why?

1 Answers   vguard,

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I AM RECEIVING THE GOODS FROM FACTORY BY STOCK TRANSFER I AM ISSUUING THE FORM- F FOR THE VALUE. IN CASE I AM RETURNING THE GOODS AS REJECTION WEATHER I HAVE TO RECEIVE THE FORM F FROM OUR FACTORY CONFIRM ME

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Can anybody explain? what's consumeble items?

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can we take input credit on interstate purchase, which is not against 'c' form. Party had charged full tax amount (cst 4%)

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1.What is the meaning of tranfer income?

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If forth alphabet is f then what is TDS percentage ?

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what is TDS

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how to calculate of FBT with example & what is Rate

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I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka

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