CST sales

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2010 Dear Friends, I am working in pharmaceutical company situated at Gurgaon. Please note on medicines CST rates is 3% against "C" Form & 4% is without "C" forms, also the local VAT rates is 4%. I just want to know if we do not received "C" forms from respective parties, than what will be our further tax liabilities to VAT authories, whether we have to paid 1% of amount or 7% ?. please suggest, its very urgent.

VINOD ARORA

VINOD ARORA (Expert)
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16 August 2010 If the purchaser did not submit Form "C" declaration then CST without Form C is applicable in this Transaction and
HVAT rate for the commodity will be applicable.

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