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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 % ?
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Answer Posted / 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.
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