Cst billing impac on vat
This query is : Resolved
11 September 2012
Hi, We will be buying stock from Haryana against "C" form for our Ghaziabad (U.P.) sales office. CST appliable on this transcation is 2%. We will be selling entire stock charging 5% VAT in Uttar Pradesh.
Is there 5% VAT loss (input/output) to our company while selling this stock at 5% VAT in UP?
Please confirm..
Is there 5% VAT loss (input/output) to our company while selling this stock at 5% VAT in UP?
Please confirm..
11 September 2012
2% CST include in the cost of material and Charged vat 5% from customer need to deposit with state govt
12 September 2012
you can not take 2% tax input of CST purchase. as advice by expert you have to pay/deposit 5% to vat/state dept. of your state what you have charged to your customer
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