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CST ON INTERSTATE SALE

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(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
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Raj

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Raj (Expert)
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 .
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JAI VATNANI

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JAI VATNANI (Expert)
10 August 2007 YES U CAN PURCHASE RAW MATERIAL AGAINST ISSUE OF C FORM
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CA. O.P. Agarwalla

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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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