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.
13 November 2010
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- FTS Taxable under 115A
- Experts need help
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
