Difference btw cst and vat

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Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2014 Sir

What is the difference btw CST and VAT and where are they applicable?

Thanks and Regards

Nikhil Kaushik

Nikhil Kaushik (Expert)

12 November 2014 Cst applies to interstate sales whereas vat applies to intrastate sales...

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2014 What is the use of C form in CST?
And where can I get details regarding sales tax forms like form 38 form 39 and others applicable in various states?

Thanks

CA. S.K. Upadhyay

CA. S.K. Upadhyay (Expert)

13 November 2014 the mainly use of C form is to reduce cst. if a party not give the form c then the local sale tax applicable on the sale

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

21 November 2014 C Form is used in inter state transactions. It is used to purchase goods at a concessional rate of tax (2%). Only a registered dealer can issue C Form.

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2014 In case of hardware items tax applicable is 5%. If the buyer gives me C form, what would be the situation then?

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