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TMI BlogRequired informationX X X X Extracts X X X X X X X X Extracts X X X X ..... Required information X X X X Extracts X X X X X X X X Extracts X X X X ..... with us so we would like to know what was the ligal prosiger Hope Earliest Response Reply By MARIAPPAN GOVINDARAJAN: The Reply: Please mention query to the point as wanted by you. Reply By YAGAY AND SUN: The Reply: Dear Shah, First of all make an application by stating all material facts and submit it to jurisdictional Central Excise Department and jurisdictional Gujarat VAT Department fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r seeking their permission. After getting the permission please take an appropriate insurance cover for transit period. Prepare a challan for the jewellary you want to remove for exhibition purpose and after the purpose is fulfilled bring back the jewellary to your premises and close the challan. Also closing the challan provide the information to the respective Departments. Regards YAGAY and SU ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... N Reply By Ganeshan Kalyani: The Reply: Sir, with due respect to Yagay and Sun, my view is VAT is applicable only when sale takes place. Here in your case sale has not happened hence no sales tax is applicable. Further in my view no information or approval is required from VAT authority for taking goods out of factory and after exhibition taking back to facory. Thanks. Reply By Ganeshan Kalyan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i: The Reply: Sir, in central excise the permission is required but not in VAT. Thanks. Reply By CS SANJAY MALHOTRA: The Reply: Central Excise permission is not required if you company falls in the Turnover Exemption limit defined for Jewellers in recent Budget announced on 29.02.16. Reply By YAGAY AND SUN: The Reply: In this matter Goods shall be moving interstate for exhibition cum sales. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In case of no permission is sought, then, goods can be confiscated. Further, you would have to get registration in Delhi, MP, WB and Odisha as a casual trader. Please check the definition of Dealer in respective State VAT Laws. Further, in case of doubt, then, it is always better to inform the tax/revenue authority or sought permission accordingly to cope with futuristic hassel. CST Form F may als ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o applicable. You may also refer https://www.wirc-icai.org/material/Final_Presentation_CST.pdf Reply By Ganeshan Kalyani: The Reply: Sri Yagay and Sun, with due respect the querist did not mention about sale in his query. It is only for exhibition. Sir, various free gift items are moved across state. And to my knowledge no permission is sought from the authority or no authority gives in writin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g to the assessee the permission or guidance sought by the assessee. Thanks. Reply By YAGAY AND SUN: The Reply: Our reply was based on Exhibition cum Sales which is normal phenomena in such exhibition and movement of stock from one state to other. Even in State VAT laws, the definition of Dealer covers the concept of casual traders for exhibition cum sales. Please the the definition of Dealer in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Delhi VAT, MPVAT, WBVAT and Odisha VAT and stay conscious in this matter for adherence with compliance. Reply By Ganeshan Kalyani: The Reply: Sri Yagay and Sun, I would acknowledge your submissions. Additionally, my views are that there are authority deputed in the field called mobile squad who have the power to ask for invoice of the goods which is loaded in the vehicle and if there is any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... matter of suspicious in the transaction or if the particulars in the invoice and the material differs then they detain the vehicle and slaps notice and realise vehicle only after making payment of penalty ranging from 15% or so. Hence , I too agree with you inasmuch as the compliance is crucial and it avoids many issues. Thanks. Reply By Ganeshan Kalyani: The Reply: Sri Kalpesh Ji, in line with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the views of Sri Yagay and Sun and of mine , you should check for the provisions pertaining to casual traders. The registration is some state is provided for particular period. It will help you to move the goods complying to the provisions of the State VAT act. Thanks. X X X X Extracts X X X X X X X X Extracts X X X X
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