[aurangabad_ca] vat setoff query
A dealer is proposed to be engaged in 1] resale of 2 wheelers 2] resale of spares and 3] servicing of 2 wheelers. He is registered voluntarily as reseller, importer, works contractor. Q1. Whether the following items to be used for servicing purposes can be purchased on C Form a] various machinery b] tools c] generator d] lift for lifting to workers' height for easy standing repairs. e] other equipments Q2. While obtaining CST RC only "2 wheelers and spares for resale purposes" is mentioned, which of the above goods will have to be registered under what clauses/ purposes ? Q3 My understanding is that irrespective of answer to 1 & 2 above, if the goods are purchased within maharashtra, 100% set-off will be admissible u/r 53(6) read with rule 54 (d), if sales is more than 50% of gross receipts. Ours is a yet to be started organization and the will start in May 2010. Till then there will be no sales/ servicing receipts. The above items are needed to be purchased in March 2010. This 50% as per rule 53(6) should be applied to which period's receipts? Thanking in advance……….
CA VIJAY AGRAWAL JALNA 9823037047 |
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