Interested to Buy Any Domain ? << Click Here >> for more details...
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 % ?
- 4 Answers
- 9810 Views
- I also Faced
- E-Mail Answers
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 |
what is vat ? due date for pymt ? return forms ? how input credit taken ?
i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX
WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ?
12 Answers Insurance, Reliance, Wings Customer Care,
A newly start business person purchase material from out sate by paying advance tax to commercial tax dept. And collect road permit for purchasing the material which consider the cst-form. But he not registered in that state. Where he is paying adv.Tax -if he eligible for the c-form.
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
what is the difference between CST, VAT, SALES TAX, EXCISE DUTY, CUSTOMS DUTY
15 Answers Bhushan Power Steel, Chill Land, ITC Infotech, Valeo Lighting Systems India Private Limited,
what is the exact meaning of cst? what is its usage and what are the benefits of c form?
how to calculate of FBT with example & what is Rate
A is a seller from Hyderabad and Bayer is also from Hyderabad. can issue the c form?
Which form we use for depositing works contract TDS?
how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com
Can i purchase fuel like LNG against C-form under Haryana Vat Act
Audit 
