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.
- 4 Answers
- 5980 Views
- CA, I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What is permanent account number (pan)?
A Service provided has provided bill amounting rs. 100000 dt. 30/04/2013 & i have paid amount with 30000 Rs. as on 24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has been paid as on 15/6/2013 then on which amount TDS has been deducted. may it deducted on Bill amount or payment amount? If bill amount then at which date TDS entry should be done ? & if on Payment date then which date. and if i want to compute interest for late payment of TDS then Which date should be consider for interest payment computation. Do the needful for the same.
WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?
taxes leivied on carpentar & plumbing services
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?
hi how can we know and how to caulata pf. caucaltion of diffrent copany how much rate of pf deducted by company which is the best site to know our pf information
what should be the research and methodology of business taxation?
why use diff vat forms like vat51 vat3 why
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
