CST transaction
This query is : Resolved
08 November 2010
hI
I am a bangalore based company, i wanted to supply some materials to chennai, my supplier has got branch in chennnai, can i buy goods at CST 2% aganist form c and supply to my client in chennai itself.
Is this transcation legal.
I am a bangalore based company, i wanted to supply some materials to chennai, my supplier has got branch in chennnai, can i buy goods at CST 2% aganist form c and supply to my client in chennai itself.
Is this transcation legal.
08 November 2010
No, in case of CST sale, goods must move to inter state.
09 November 2010
For CST Transaction there has to be interstate movement of goods.
Therefore this transaction cannot be executed as it becomes a local sale (intra state) within the state.
Therefore this transaction cannot be executed as it becomes a local sale (intra state) within the state.
B R Ramesh
(Expert)
13 November 2010
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