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Vat/cst

VAT (Legacy) 1256 views 4 replies

vikaskamra

CA Final Student

132 Points Posted on 16 June 2012

The Client is located in Mumbai and have VAT registration in Maharashtra and also CST registration,

the client have purchase goods from west bengal and sold good in west bengal only

the supplier from WB have charged VAT and the client needs to charge CST but they dont have delivery challan/lorry receipt as a supporting evidence

the main thing is the billing is made from mumbai to mumbai by my client viz the party to whom the goods are sold in WB his HO is located in Mumbai

Replies (4)

vikaskamra

CA Final Student

132 Points Posted on 16 June 2012

forgot to mention the party to whom the goods are supplied is willing to give price inclusive of CST

ARDHENDU BHATTACHARYA

TAX PRACTIONER

95 Points Posted on 30 June 2012

So, what is ur query?

gunjan agrawal

article

44 Points Posted on 30 June 2012

From 1/04/2012,

Is vat applicable on commission received by dealers on sale of petrol and diesel .

Pls Rply Soon

Ajit kumar Dubey

Taxation Manager

637 Points Posted on 02 July 2012

The incidence of CST arises when material is moved from one state to another under a contract defining the above mention terms, but in your case it appears that goods where bought and sold in WB only. Now the client who has sold goods in WB has to have a registration under WBVAT Act, if not registered then the dealer form whom the goods where purchased will charge VAT and the Client will have to charge VAT in WB only and not VAT/CST will be applicable in Mumbai. In that case the client will have to take a temporary registration under WBVAT Act, if at all they Input Credit on the said transaction or else all will be the cost for the company.