Cst and vat

This query is : Resolved

riddhi (Querist)
Follow

27 March 2015 we have purchased an equipment from another state dealer in our company and we want to re sell them so how will cst and vat be calculated? if it is out of maharashtra? do we need to issue c forms?

Also , the equipments are by mistake billed in other company so can that company claim depreciation on it? how to account it? the bill cannot be changed but now on it will be billed in the other company only

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

27 March 2015 if name cant b changed, and that company is showing it in their books... then depreciation can b claimed by them...

but while audit.. how wil u justify it when assets wil not ther b with them physically

while purchasing from other state, yes if cst is charged on bill with C form, then u have to issue C Form for that purchase

riddhi

riddhi (Querist)
Follow

30 March 2015 thanks. I will put it in expense head because the asset is not lying with that company, it is sold to the client

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Soumitra Patra

Kumarasamy Chandramoorthi

swaminathan

prasanth kona

CA.Pinank Arvindbhai Shah

Subscribe Now

Cst and vat

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Senior Executive

Accountant

Manager- Finance and Compliance

GST CONSULTANT