09 July 2010
Dear Sir, I want to know that a company has charged 2% against Form 'C' in a bill to his buyer . Suppose the buying company did not give 'C' Form. Whether the selling company will charge balance 2% or total 4% of the Taxable goods.Then the procedure how to charge the tax to the selling company?
09 July 2010
If the buyer is not giving C form seller has to right to charge local vat rate for that goods. that also balance only .as your query actul vat is 4 % he can charge only the balance 2 %. for one sales he cannot charge both CST & VAT together