CST ON INTERSTATE SALE
This query is : Resolved
lohithakshan u k
(Querist)
10 August 2007
PL LET ME KNOW IF THE FINISHED PRODUCT IS TAX EXEMPT WHETHER WE CAN PURCHASE RAW MATERIALS FOR MANUFACTURING PURPOSE UNDER CST RATE. WE CAN SAVE 9.5% TAX IF WE PURCHASE THE ITEMS FROM OUTSIDE STATE. THAT IS WHY, THIS DOUBT. PL CLARIFY
10 August 2007
IN YOUR CASE IF YOU PURCHASE WITHIN STATE ANY HOW YOU CANNOT GET INPUT CREDIT AT ALL IF IT USED FOR THE EXEMPT GOOD.BETTER THING THAT BUY YOUR RAW MATERIAL OUTSIDE OF THE STATE.IT IS MY OPINION .
JAI VATNANI
(Expert)
10 August 2007
YES U CAN PURCHASE RAW MATERIAL AGAINST ISSUE OF C FORM
CA. O.P. Agarwalla
(Expert)
13 December 2007
I agree. In addition- Pl. check enty tax povision, if any, in thy State.
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