Cst

This query is : Resolved

JEETHESH KUMAR P (Querist)
Follow

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

Unnikrishnan

Unnikrishnan (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok