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Cst

This query is : Resolved 

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

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.


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