Can I buy Against Form-F within Maharashtra State ???
This query is : Resolved
07 April 2010
Hello,
I am a dealer registered under Maharashtra Tax.
I need to purchase goods from Local Manufacturer and pay VAT @ 12.5% & sell them mostly outside Mahrashtra State against Form-F & C (ratio : 20% goods within maharashta & 80% OMS).
So Set-off for Local VAT is restricted to some extent if sales are made outside the State, is there any possible way that i can buy on MVAT and sell only within state & buy without Tax/if at all--- and sell outside Maharashtra, as i also endup paying Local Tax outside Maharashta.
Please advise.
Regards
Vinod Wanhere
I am a dealer registered under Maharashtra Tax.
I need to purchase goods from Local Manufacturer and pay VAT @ 12.5% & sell them mostly outside Mahrashtra State against Form-F & C (ratio : 20% goods within maharashta & 80% OMS).
So Set-off for Local VAT is restricted to some extent if sales are made outside the State, is there any possible way that i can buy on MVAT and sell only within state & buy without Tax/if at all--- and sell outside Maharashtra, as i also endup paying Local Tax outside Maharashta.
Please advise.
Regards
Vinod Wanhere
CA Deepak P. Agrawal
(Expert)
14 April 2010
Hi!
Your set off is to be reduced by 80% as your sales ratio on F form is 80%.In such case you can sell goods against C Form and pay CST @ 2% and claim full set off.
This option will benfit you,
Regards
Your set off is to be reduced by 80% as your sales ratio on F form is 80%.In such case you can sell goods against C Form and pay CST @ 2% and claim full set off.
This option will benfit you,
Regards
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