IF WE PURCHASE FLEX AND SUPPLIERS PRODUCE BILL & CHARGED 4%
VAT THEN WHAT WILL BE TDS STATUS.
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Hi, I am a trader/distributor by name M/S.ABC reg.under Kerala vat and dealing in trading/stockist of computer goods. One of our dealer reg under Kerala vat M/S.DEF got an order to supply computer goods to an Kerala state govt dept. M/S DEF places an Order to us and directs us to raise bill as below and deliver the goods at end customer point throughout Kerala USING OUR INVOICE . BILL FROM:M/S/ABC (REG UNDER KERALA VAT) BILL TO M/S.DEF (REG UNDER KERALA VAT) SHIP TO KERALA STATE GOVT DEPT. (M/s.ABC charge full local tax on Inv. and ship the goods as above to end customer Kerala govt dept.) Clarification required as per VAT act of Kerala. 1.)Is it correct to carry out transaction as ABOVE as three parties involved? 2.)During transit will my shipment will be seized by flying squad or enforcement team and raise objection for improper invoice even though charged full local tax rate applicable on goods? 3.)Under Kerala vat act is there any sales tax exemption available to carry out sale of computer goods TO KERALA GOVT DEPT? 4.) What is form 16 will it be useful to carry out ABOVE such billings and shipment to diff part of Kerala govt dept. Friends pls. share your expertise on the above and revert to my e- mail id. Tks and Regards, Angeline
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My father Mr. Prakash was working with SBM, Bangalore and had taken 2 Insurance policies on LIC- Under Salary Savings Scheme, 2 Insurance Policies on LIC under Accident Benefit Policy, 1 Insurance Policy on Bajaj Allianz under Accident Benefit and scheme and has received benefit of about 6 lakhs from Bank as Insurance amount on his death. He had nominated my step mother (second wife of my father) as nominee for all the above mentioned, and now she is refusing to share the benefit among us (my father had married her after my mother deceased , we are 3 children). Please suggest whether we get our share… do we have any rights on Insurance benefits??
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