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i want to know about VAT & CST (inculding its Form No.)

Answers were Sorted based on User's Feedback



i want to know about VAT & CST (inculding its Form No.) ..

Answer / naveen raju ch

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

i want to know about VAT & CST (inculding its Form 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

i want to know about VAT & CST (inculding its Form No.) ..

Answer / srilatha

vat form no :-200, c.s.t form no :-IV

Is This Answer Correct ?    15 Yes 4 No

i want to know about VAT & CST (inculding its Form 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

i want to know about VAT & CST (inculding its Form No.) ..

Answer / shashank jain

VAT IN NOW REVISED BY 5% OR 13.5%

Is This Answer Correct ?    3 Yes 8 No

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