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i want to know about VAT & CST (inculding its Form No.)
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Answer Posted / 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 |
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