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Sums on mvat

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This document provides information on five cases and asks to determine if the entities are liable for registration under the MVAT 2002 law. For Vimal, his purchases exceed Rs. 3 lakhs and sales exceed Rs. 5 lakhs so he requires registration. For Rekha, her purchases and sales are both below the thresholds so she does not require registration. For Shetty & Co., the combined purchases and sales for their branches exceed the thresholds so they require registration. For Indiacraft, their total purchases exceed Rs. 3 lakhs so they require registration. For Mr. T, in April his purchases, sales and turnover all exceed the thresholds so he is liable for registration from April as per the MVAT 2002

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Sums on MVAT 1. Vimal is carrying on business in Mumbai. From the following find out whether he is liable for registration under MVAT of 2002 Particulars Purchase (Rs.) Sales ( Rs.) Taxable 2,40,000 4,40,000 Tax Free 60,000 80,000 Total 3,00,000 5,20,000 2. Rekha is a dealer carrying out business in Pune. Find out if she is liable for registration under MVAT of 2002 Particulars Purchase (Rs.) Sales ( Rs.) Taxable 40,000 80,000 Tax Free 4,80,000 4,10,000 Total 5,20,000 4,90,000 3. M/s Shetty & Co. gives you the following information Particulars Purchase Taxable (Rs.) Sales Taxable ( Rs.) Mumbai ( Branch ) 2,80,000 4,20,000 Bangalore ( Head office ) 6,40,000 10,80,000 Total 9,20,000 15,00,000 Find out if they are liable for registration under MVAT of 2002 4. Indiacraft gives you the following information. Particulars Purchase (Rs.) Sales ( Rs.) OMS ( Taxable ) 15,000 - Taxable within State 25,000 8,000 Tax Free within State 50,000 1,02,000 Total 90,000 1,10,000 Find out if they are liable for registration under MVAT of 2002 5. Mr. T is a dealer in Sangli. Find out from which month he is liable to get registration as per the provisions of MVAT 2002. Month Purchase Sales Within State ( taxable ) Outside State ( taxable) Within State ( taxable ) 15.3.2011 5,000 - - 31.3.2011 - 8,000 2,000 4.4.2011 10,000 30,000 40,000 10.4.2011 50,000 12,000 70,000 10.4.2011 30,000 4,000 80,000 20.4.2011 40,000 10,000 20,000
30.4.2011 20,000 30,000 40,000

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Sums on mvat

  • 1. Sums on MVAT 1. Vimal is carrying on business in Mumbai. From the following find out whether he is liable for registration under MVAT of 2002 Particulars Purchase (Rs.) Sales ( Rs.) Taxable 2,40,000 4,40,000 Tax Free 60,000 80,000 Total 3,00,000 5,20,000 2. Rekha is a dealer carrying out business in Pune. Find out if she is liable for registration under MVAT of 2002 Particulars Purchase (Rs.) Sales ( Rs.) Taxable 40,000 80,000 Tax Free 4,80,000 4,10,000 Total 5,20,000 4,90,000 3. M/s Shetty & Co. gives you the following information Particulars Purchase Taxable (Rs.) Sales Taxable ( Rs.) Mumbai ( Branch ) 2,80,000 4,20,000 Bangalore ( Head office ) 6,40,000 10,80,000 Total 9,20,000 15,00,000 Find out if they are liable for registration under MVAT of 2002 4. Indiacraft gives you the following information. Particulars Purchase (Rs.) Sales ( Rs.) OMS ( Taxable ) 15,000 - Taxable within State 25,000 8,000 Tax Free within State 50,000 1,02,000 Total 90,000 1,10,000 Find out if they are liable for registration under MVAT of 2002 5. Mr. T is a dealer in Sangli. Find out from which month he is liable to get registration as per the provisions of MVAT 2002. Month Purchase Sales Within State ( taxable ) Outside State ( taxable) Within State ( taxable ) 15.3.2011 5,000 - - 31.3.2011 - 8,000 2,000 4.4.2011 10,000 30,000 40,000 10.4.2011 50,000 12,000 70,000 10.4.2011 30,000 4,000 80,000 20.4.2011 40,000 10,000 20,000