Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

  1. Categories >> Accounting >> Taxation
  2. Suggest New Category

If the purchaser did not submit form "c" while purchase from
outside state, and he charged for 12.5 % vat, then can he
claim input credit for Rs. 12.5 % ?

Question Posted / v n santosh

Answers were Sorted based on User's Feedback



If the purchaser did not submit form "c" while purchase from outside state, and he charge..

Answer / guru

If the purchaser did not submit from "C" double of the CST
or Local sale tax so he did not claim input tax credit becoz
he is also out of state purchaser.

Is This Answer Correct ?    14 Yes 2 No

If the purchaser did not submit form "c" while purchase from outside state, and he charge..

Answer / taxbeginner

Hi,

If the purchaser did not submit Form "C" declaration then
CST without Form C is applicable in this Transaction and
Seller state VAT rate for the commodity will be applicable
rate.

In the above Transaction only VAT Rate is applicable and
the Transaction still remains in the purview of CST Act and
hence no ITC can be availed.

Is This Answer Correct ?    10 Yes 0 No

If the purchaser did not submit form "c" while purchase from outside state, and he charge..

Answer / h.r. sreepada bhagi

Input VAT credit is available only on Intra-state purchases
(Purchases by a registered dealer from another registered
dealer with in the same state). Inter-state transaction fall
under CST Act of the concerned state and hence Input tax
credit is not available.

Is This Answer Correct ?    6 Yes 1 No

If the purchaser did not submit form "c" while purchase from outside state, and he charge..

Answer / mari

Not Eligible.

Is This Answer Correct ?    4 Yes 0 No

Post New Answer

More Taxation Interview Questions

What are the present rates of Vat, Tds & Service Tax?

16 Answers   Genpact, IBM, Medical,

hi how much deducted tds on intrest,rent,contract, subcontract, what is the new rat of tds?

5 Answers   Maruti Suzuki,

What is difference btween Form-cForm-D,Form- h,excise,MODVAT, VAT? How many types of forms available?

9 Answers   Accenture, Samsung,

Please tell me about TDS, VAT, CST, Service tax with latest rate?

17 Answers   Ambica, Apollo Tyres, DELL, Empire, GI, GSNA, Idea, Indu Projects, Jai Enterprises, JMD Group, KK Bhansali, Marck Biosciences, National Genset Power Corporation, Pharmaceutical, Sangam Group, Satyam, Shipping Corporation of India, Shubham, Tech Mahindra, TVS, Vico, Vijay Industries,

is any benefit we can avail in income tax in respect of deducted Fringe benefit tax. please explain in detail.

0 Answers   Genpact,

is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax

0 Answers  

How will you calculate house rent allowance (hra)?

0 Answers  

TDS rate for Building Maintenance ????

2 Answers  

What dou mean by work contract?with example?

1 Answers   Reliance,

what are direct and indirect tax.

1 Answers  

Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

0 Answers  

what is full rate fo tax for non submission of C forms

1 Answers   App Ltd,

For more Taxation Interview Questions Click Here
Categories