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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 Posted / 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.
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