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
- 8732 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
how to pass service tax reverse charge entry pass in books
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
Explain deferred tax asset?
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?
When and how Wct is applicable on Labour Job Work and what is the percentage?
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?
My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai
IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE
