TMI BlogDoubts in TNVATX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, I am quite new to Tamilnadu VAT filing. Having following doubts. Kindly please clarify.. 1. If some VAT/CST invoices are cancelled (due to product returned by customer), we can ignore such invoices during VAT filing or is there any procedure to show such invoices also in Form I and Form 1.. 2.In VAT filing, In Annexure II (Details of sales), there are many categories like First Sc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hedule (F), Stock trnafer to Branches, etc.. Please let me know what category I should select for (i) Sales within Tamilnadu, (ii) Sales outside Tamilnadu. 3. I read the following in recent TN budget speech - Clause (c) under Section 19(5) of TNVAT Act, 2006 will henceforth be withdrawn to enable the dealers to claim Input Tax Credit on the inter-State sale of good ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s without C form. This measure will eliminate additional burden on the dealers effecting inter-State sale of goods without C form. Please clarify what it means.. Does it means that hereafter TN VAT dealers need not submit C forms for 2% sales..? 4.We are Traders of Solar power products. We purchase many solar products like Solar panels, Inverters, Charge controllers,etc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and integrate them and install in customer's place. I learnt some solar businesses bill the customer just as one single final product as Solar power plant 1kw - ..., Tax 5% ... , whereas in Input, it is a combination of many products. Since we are a trader , in our bill, we need to mention each and every product individually Or can we bill all of them together as above (mentioning the po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wer plant capacity as a single product). 5.VAT for batteries is 14.5% and for all other renewable energy products (code 2117) it is 5%. I learnt some businesses, buy batteries @ 14.5% whereas while selling to the customer they bill as Solar power plant .. , VAT 5% . That is for the total value they mention it as a single product and bill it for 5%. Is this valid? 6.Are T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... raders not entitled to change a product and sell? That is, for solar panel mounting we need steel structures. We need to buy mild steel angles and fabricate the structure. Input as steel and output as some other product (i.e., like solar module mounting structure), is this correct or wrong? 7.Also if we want to deal with Steel, do we need to have any special mention for the same in TNVAT RC? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Thank you in advance. Regards, Vivek - Reply By MAHENDRA SURANA - The Reply = I replying to your query one by one . I suggest you, in near future you summarize your queries don't go for nos. of queries 1. If invoices are canceled need not to include in TO, if it goods return than, than turnover should included and you should claim as Sales return under right side part Tax Payable point n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o. 2.and should be filled up in Annexure - II and category should be given R 2.Sales within TN you should fill in Annexure II and category is F and for Interestate Sales you should fill in Form I under CST Act other reply will be continued ....... M M Surana 99529 67237 - Reply By Vivek ram - The Reply = Sir, thank you for your reply. Regarding your reply for point no. 2, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Annexure II also we fill details of CST sales, in that case what is the right category to choose? Thank you. - Doubts in TNVAT - Query Started By: - Vivek ram Dated:- 21-4-2015 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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