Cst and vat
This query is : Resolved
05 August 2015
SIR
ONE OF MY CLINT A CONTRACTOR HAVE PURCHASED MACHINERY WHICH IS MAIN FOR CONTRACTS FOR RS. 3000000.00 FROM INTERSTATE AND PAID CST @ 2%. WHEN HE WENT TO REGISTRATION RTO SAID IT IS NOT SUBJECT TO VAT AND NO REGISTRATION. WHEN WE APPROACHED CTO ( COMMERCIAL TAX OFFICER ) HE ASKED TO PAY REMAINING 12.5 % ( 14.5-2 %).
CAN ANY ONE SUGGEST DO WE HAVE TO PAY THE REMAINING VAT. OR NOT.
ONE OF MY CLINT A CONTRACTOR HAVE PURCHASED MACHINERY WHICH IS MAIN FOR CONTRACTS FOR RS. 3000000.00 FROM INTERSTATE AND PAID CST @ 2%. WHEN HE WENT TO REGISTRATION RTO SAID IT IS NOT SUBJECT TO VAT AND NO REGISTRATION. WHEN WE APPROACHED CTO ( COMMERCIAL TAX OFFICER ) HE ASKED TO PAY REMAINING 12.5 % ( 14.5-2 %).
CAN ANY ONE SUGGEST DO WE HAVE TO PAY THE REMAINING VAT. OR NOT.
06 August 2015
If you are a registered dealer as a contractor in a particular state before purchasing the machine, then you can purchased machinery on CST @2% against Form "C" instead of full CST otherwise you have to pay normal tax.
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