Cst
This query is : Resolved
JEETHESH KUMAR P
(Querist)
01 August 2012
Dear Sir,
i want to know regarding cst sales & Purchase My doubt is i am registered dealer in karnataka & i have purchased material from andhara & again sold the same material to a dealer at andhra what is my role of tax liability & what forms to be collected & issued.
Thanking you,
regrads
jeethesh
i want to know regarding cst sales & Purchase My doubt is i am registered dealer in karnataka & i have purchased material from andhara & again sold the same material to a dealer at andhra what is my role of tax liability & what forms to be collected & issued.
Thanking you,
regrads
jeethesh
Unnikrishnan
(Expert)
01 August 2012
Sir,
For Local Sales, collect the tax as per rate of the item.
For interstate sales, collect 2% CST if the customer provides C Form, else collect local rate for the item
For local purchases, the supplier will collect applicable rate,
For interstate purchases, you will get the benefit of reduced rate of CST at 2% if you issue C forms to the suppler.
Note- C forms can be issued subject to conditions prescribed only.
For Local Sales, collect the tax as per rate of the item.
For interstate sales, collect 2% CST if the customer provides C Form, else collect local rate for the item
For local purchases, the supplier will collect applicable rate,
For interstate purchases, you will get the benefit of reduced rate of CST at 2% if you issue C forms to the suppler.
Note- C forms can be issued subject to conditions prescribed only.
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