Q.1 WHAT IS VAT?
Q.3 WHAT GOODS ARE COVERED UNDER VAT?
Q.4 HOW TO CLAIM INPUT TAX CREDIT?
Q.5 ARE FARMERS LIABLE TO PAY VAT?
Q.6 WHAT ARE THE ADVANTAGES OF VAT?
Q.7 WHAT WILL BE THE TAX ELEMENT ON EXPORTS MADE
OUT OF THE COUNTRY?
Q.8 HOW WILL THE OPENING STOCK ON 1-4-2005 BE
TREATED?
Q.9 WHAT IS THE DIFFERENCE BETWEEN TAX INVOICES
AND CASH MEMOS?
Q.10 WHAT IS THE DIFFERENCE BETWEEN EXEMPTED AND
ZERO RATED SALES?
Q.11 HOW DOES VAT WORK?
Q.12 WHAT ARE THE RATES OF TAX UNDER VAT?
Q.13 WHAT IS IN-PUT TAX CREDIT?
Q.14 DO
I NEED TO REGISTER MY BUSINESS AGAIN?
Q.15 HOW WILL YOU TREAT TAX PAID UN-SOLD STOCKS
AS ON 1.04.2005?
Q.16 WHAT PRODUCTS ARE OUTSIDE THE VAT?
Q.17 SMALL DEALERS AND COMPOSITION SCHEME?
Q.18 RETURN
AND DEEMED ASSESSMENT?
Q.19 WHETHER INPUT TAX CREDIT IS AVAILABLE FOR
INTER-STATE TRANSACTION?
Q.20 HOW DOES VAT WORK?
Q.
21 WHO IS LIABLE TO PAY TAX UNDER VAT?
Q.22 WHAT WILL HAPPEN TO CST ACT?
Q.23 WHAT IS TIN?
Q.24 IS VOLUNTARY REGISTRATION PERMISSIBLE UNDER
VAT?
Q.25 WHAT HAPPENS TO DEALER WHO OPTED FOR
COMPOSITION SCHEME?
Q.26 IS THERE ANY ASSESSMENT UNDER VAT?
Q.27 WILLS ALL RETURNS FILED BE PICKED UP FOR AUDIT
OR SCRUTINY?
Q.29 WHAT KIND OF BOOKS OF ACCOUNTS ARE REQUIRED
TO BE MAINTAINED UNDER VAT?
Q.30 WHAT ITEMS OF IMPORTANCE ARE EXEMPTED
IN HP VAT ACT?
Q.31 HOW INDUSTRIAL INCENTIVES ARE TREATED UNDER
VAT?
Q.33 WHAT
IS COMPOSITION SCHEME?
Q.34 WHO IS ELIGIBLE?
Q.35 WHAT ARE THE ADVANTAGES OF COMPOSITION
SCHEME?
Q.36 ARE THERE ANY RESTRICTION?
Q.37 WHAT HAPPENS IF DEALERS TURNOVER EXCEEDS RS.
20 LACS ?
Q.38 IS THIS SCHEME COMPULSORY FOR THE ALL SMALL
DEALERS?
Q.39 IS THE TURNOVER OF TAX FREE GOODS, TO BE
INCLUDED IN THE TAXABLE TURNOVER.?
Q.40 WHAT WILL BE THE FREQUENCY OF PAYMENT OF
TAX?
Q.41 CAN TURNOVER TAX BE CHARGED FROM CUSTOMERS?
Q.42 CAN CREDIT BE CLAIMED FOR THE VAT PAID ON
THE PURCHASES?
Q.43 UNDER WHICH NOTIFICATION THE H.P VAT ACT, 2005
IS PUBLISHED FROM WHICH DATE IT IS APPLICABLE.
Q.44 WHAT DO I DO TO REGISTER UNDER H.P VALUE
ADDED TAX ACT.
Q. 45 WHAT HAPPENS WHERE NEW
FORMS/ DECLARATION ETC ARE NOT KNOWN TO THE DEALERS.
Q.46 WHO WILL ISSUE TAX INVOICE?
Q.47 ON WHICH INVOICE THE INPUT TAX
CREDIT WILL BE AVAILABLE?
Q.48 WHAT PARTICULARS SHOULD THE TAX INVOICE CONTAIN?
Q.49 HOW MANY COPIES OF TAX INVOICE ARE TO BE
PREPARED?
Q.50 WHETHER THE TAX INVOICE CAN BE ISSUED TO A
UN-REGISTERED DEALER?
Q.51 WHETHER TAX IS TO BE SHOWN SEPARATELY IN TAX
INVOICE?
Q.53 WHO WILL ISSUE THE RETAIL INVOICE?
Q.54 WHETHER IT IS MANDATORY TO ISSUE
RETAIL-INVOICE EXCEEDING RS.200/- BY THE PURCHASER?
Q.55 DO ALL
TAX-INVOICES HAVE TO BE THE SAME
FOR ALL AND EVERY REGISTERED DEALER?