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Answer Posted / abhivirthi tax and industrial
The rate of tax in many States are above 5% and 14.5% for most of the commodities. If a dealer effects inter-State purchases of goods valued Rs.10000.00 without C Forms, the dealer has to pay local VAT rates as shown below:
5% 14.5%
Purchase value 10000 10000
Local VAT rate in the
absence of C Form to the
inter-State sales 500 1450
Total Sale value 10500 11450
If C Form produced for the purchases, only 2% of CST will be charged and the total purchase value will be Rs.10,200.00. In simple, instead of paying higher rate of tax the buying dealers can pay only 2% of CST and purchase goods from other States.
Reply from:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, PALAAMI ENCLAVE,
NEW NATHAM ROAD
MADURAI-625014.
CELL: 9994990599.
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