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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Relief u/s Section 89
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Agriculture income or business income
- Supply through E-commerce Operators
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
