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SERVICES THOSE NEED USERNAME & PASSWORD


VAT ON DIRECT PURCHASES & SALES

(a) facility for computing VAT amount on sales for a tax period;
(b) facility for computing VAT liability on purchases (where law prescribes for payment of VAT on purchases without tax invoice;
(a) facility for computing total liability under VAT law for a tax period;
(d) facility for preparing statement of total purchases and sales for a tax period;
(e) facility for preparing summary of tax returns for a financial year and more ...

VAT IN CASES OF WORK CONTRACT (WCT)

In cases of work contracts which involve transfer of property in goods (wheter as goods or in some other form) in their execution, sale prices of goods are not availble. Contract does not provide for for fixed price of goods. But it is almost clear that property in goods is transferred for valuable consideration. Where law provides for levy of VAT only on sale of goods in a works contract, sale price of goods is to be found out. Looking into the complexity, most of VAT laws provide method for determining value of goods by deducting certain percentage value of total amount of the contract towards labour and services.
       Even then, if a contract involes transfer of property in goods which are liable to tax at different rates, problem is not completely solved. Also price escalation provision creates a difficulty. It is only after completion of the contract that estimated sale prices of goods can be determined with assumption of uniform value addition in purchase prices of goods in which property is transferred in the execution of a particular works contract.
     After taking into all aforesaid facts we have provided following facilities for computing VAT liability in cases of works contracts where law prescribes a fixed percentage of total amount of contract as value of labour & services.


For computing VAT in cases of work contract following facilities are available:

(a) facility for computing estimated VAT liability in a contract;
(b) facility for computing contract-wise VAT liability for a tax period ;
(c) facility for computing VAT liability for a tax period for all running contracts;
(d) facility for computing VAT liability on purchases for a tax period;
(e) facility for computing VAT liability for a fancial year;
(f) facility for computing actual VAT liability after completion of the contract;
(g) facility for computing difference in between estimated & actual turnovers of sale in respect of a completed contract
(h) facility for computing balance amout of VAT or excess amount of tax paid in case of a completed work contract.


Othewr services are proposed to be added.

WHY THESE SERVICES HAVE BEEN KEPT UNDER LOGIN?

      Most of the services need rates of VAT. Rates of user will depend upon the State law applicable in case of such uswer. To save labour, rates are registered by individual once for all services. These rates can be amended at any time. Also for generating statement / return which relate to a financial year or which are based on several records, we have to store data supplied by individual. Thses figures are stored by using Username which is unique for a user. That is why one is required to create its username and password. This facility is free of cost. After a user logs in, a page is created by displaying username and its Taxpayer Identification Number. Even if a user do not possess a Taxpayer Identification Number, it can use the facility. Taxpayer Identity Number is the number which is allotted by the taxation department to a registered dealer with the department. One may also call it Registration Number. A user who does not possess this number, he can use word 'Unregd' in place of its Taxpayer Identification Number (TIN).