Goods purchased outside state
This query is : Resolved
madhusudan
(Querist)
10 August 2007
Data:
The rate of VAT of Paddy 4% (i.e raw material)
The rate of VAT of chuda -exempted (i.e.the final product)
C.S.T. NIL
State: Orissa
If a person purchases paddy from within the state then he has to pay VAT @ 4% and thereafter he sells the final product which is exempted from tax.
But what happen when the same person will purchase paddy from any neighbouring state, assuming that the rate of CST is 0%.
a)whether he will have to pay VAT on the purchase price if it is purchased from outside state. what are its pros & cons.
The rate of VAT of Paddy 4% (i.e raw material)
The rate of VAT of chuda -exempted (i.e.the final product)
C.S.T. NIL
State: Orissa
If a person purchases paddy from within the state then he has to pay VAT @ 4% and thereafter he sells the final product which is exempted from tax.
But what happen when the same person will purchase paddy from any neighbouring state, assuming that the rate of CST is 0%.
a)whether he will have to pay VAT on the purchase price if it is purchased from outside state. what are its pros & cons.
10 August 2007
yOU HAVE TO CHECK ENTRY TAX PROVISION ,IN SUCH CASES GOVERNMENT PROTECTS THE REVENUE APPLYING ENTRY TAX.
CA. O.P. Agarwalla
(Expert)
13 December 2007
No VAT is payable in your case on purchses made from other states. Regarding your liability under entry tax act, please go through Orissa Entry Tax Act, 1999.
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