i am purchasing goods from other state and selling it in my
own state, what are the taxes applicable during this
transaction. i am paying cst for inter state whetehr i have
pay VAT if i sell the same goods in my state.
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Answer / mamta
If u sell the good in your state then you would pay VAT for this transaction as being the same state it is local sale and for local sale VAt is applicable.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / abhivirthi
Inter-State purchases of goods were liable for taxation at the
rate of 2% with C form and Central Sales Tax has to be paid.
Then if the goods are sold locally, Value Added Tax has to be
paid for the first sales at the appropriate rates applicable
in the appropriate states.
ABHIVIRTHI Tax and Industrial Consultancy,
R.R.JAGADEESAN, Tax and Industrial Consultant
H-63, Palaami Enclave, New Natham Road,
MADURAI-625014.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / shukla
if u are selling goods in own state that means it's local sell & u have to charged vat which will be liable to pay government
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anitha
no need to pay vat, because we purchase the goods from
other state means it is Exempted purchase, no need to pay
vat in our state
| Is This Answer Correct ? | 1 Yes | 15 No |
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