i want to know about VAT & CST (inculding its Form No.)
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IF YOU ARE PURCHASEING OR SELLING THE GOODS WITH IN THE
STATE THAT TURNOVER WILL BE TREATED AS LOCAL TURNOVER. FOR
THIS NO C FORM IS REQUIRED.AND THE % OF TAX WILL BE 14.5 OR
4 DEPENDS UP ON THE MATERIAL.
IF YOU ARE PURCHASING OR SELLING FORM THE OTHER STATE THAT
TURNOVER WIL BE TREATED AS CST TURNOVER, IF THE BUYER
AGREES TO ISSUE FORM C THEN TAX RATE WILL BE 2%, IF HE IS
NOT READY TO PROVIDE FORM C THEN THE TAX RATE WILL BE 14.5%.
MONTHLY RETURNS.
VAT - 200
CAT - IV.
TAX RATES OF VAT PURCHASE
1. 14.5 %
2. 4%
3. 1% FORM TOT DEALER.
TAX RATES OF CST PURCHASE
1. 2% IF YOU AGREES TO ISSUE FORM C
2. 14.5% IF YOU ARE UNABLE TO ISSUE FORM C
| Is This Answer Correct ? | 18 Yes | 2 No |
Answer / prasad
VAT-Value Add Tax
CST-Central Sales Tax
VAT-Form 200
CST-Form VI
VAT-With in state sale or purchase
CST-Out of state
VAT 4% or 14.5% (% rate is depond upon the product)
CST 2%
| Is This Answer Correct ? | 16 Yes | 4 No |
Answer / p vasudeva roa
Vat - Value Added Tax
Form - 200 (only in AP)
When goods are sold or purchased with in the state Vat is
applicable that is 4% or 14.5% depending on goods.
Cst - Central Sales Tax
Form - IV ( only in AP)
When goods are sold or purchased out side the state, Cst is
applicable that is 2% with C-Form & 4% without C-Form.
| Is This Answer Correct ? | 14 Yes | 4 No |
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