Deducted tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2016 Dear Sir/ Madam,
I have Query that . My firm was sold a goods to Other Firm Which is located in Same State but Purchaser Firm's H.O. in Other state. now our firm issuing a invoice on H.O. . now i want to know that. whether the our firm Charge VAT or CST ?. and also want to know that can Purchaser party deduct TDS or TCS ?

Rupesh Jain

Rupesh Jain (Expert)
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27 June 2016 CST or VAt applicable will be depend of the movement of the goods, if you are sending the goods outside the state then CSt will apply, otherwise VAt is applicable. party name and address not decided the CSt/VAt chargibility.
TDs no applicable on the purchase . if you are selling goods exceeds Rs. 2 lacs in cash then TCs will applicable from 1.6.16

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2016 THANK YOU SIR,
BUT I HAVE ANOTHER QUERY IS THAT . CAN PURCHASER DEDUCT TDS AT THE TIME OF PAYMENT AND IF YES THEN ON WHICH CONDITION

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2016 Thank You Sir............

Rupesh Jain

Rupesh Jain (Expert)
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27 June 2016 yes from 1.6.16 if you buy goods. or service in cash exceeds Rs. 2 lacs in cash then TCS will apply @ 1% payment or bill which ever is earlier.

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