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 % ?
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
Ina earth work excavation and filling work , wct is applicable?
i am working in a construction company. my question is can we claim VAT paid on items like (i. e . Vat paid on stationery, purchase of printer catridge etc exp for official use. indirect exp.) ?
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
WHAT IS TCS & DIFFINATION
Can PF rate below 12%, if an employee want the deduction at lower rate ?
if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?
why is service tax set off is consider while calculating wct tds
If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.
what is cost taxation
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
If I am purchasing an equipment from Noida for my Agriculture farm in Andhra Pradesh in my individual name, then "Way Bill" or any other form other than invoice is required?
what is procedure of calculation of TDS by bank?