ABOUT CST

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alam (Querist)

03 March 2011 DEAR SIR I WANT TO KNOW THAT
1.WHAT IS THE INTERSTATE PURCHASE,INTERSTATE PURCHASE@ 4%,INTERSTATE PURCHASE @2%AGAINST FORM C AND PURCHASE EX-UP,
2.WHO ISSUE FORM C AND FORM 38
3. CAN I ADJUST CST TAX FROM INPUT VAT OR CST TO BE PAID

Ashok Asthana

Ashok Asthana (Expert)

04 March 2011 1. Interstate purchase is purchase from state other than your state. 4% or 2% is tax charged by the sipplier in that state.
2. Form C &38 is issued by the commercial tax department in UP.

B R Ramesh

B R Ramesh (Expert)

05 March 2011 Hi

1.The purchase made outside of the State is called interstate purchase.

if the purchase made against C form is 2%
with out C form is 4% or local rate of tax

2.Form C &38 is issued by the commercial tax department in UP.

3.You cant adjust the CST input to output VAT

alam

alam (Querist)

06 March 2011 dear sir actually i want to know
who issue form c and form 38 supplier or buyer
and i give a example please suggest me
local input vat 4000
local output vat 2000
interstate purchase cst 500
interstate sale cst 400

so how, i will post in journal voucher
and what will be position of itc

please explain me in details.

thanks for previous help

ALAM (ACCOUNT ASSISTANCE)

Surrender

Surrender (Expert)

08 March 2011 Buyer has to issue form to avail concessional CST @ 2%; 38 is for movement into / out of U P and would be issued by the registered dealer (buyer / seller) of U P only;
Debit VAT input tax Rs.4000 out of which 2000 of output Vat can be adjusted as also Rs.400 for sale CST thus leaving a clear carry forwardable balance of Rs. 1600; Purchase CST is part of purchase costs and no credit is possible;

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