interstat sale or purchase

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2010 I allwage get confused on following 2 point in terms of VAT matter
1) if an organisation sales or purchase goods within State, what is it called?(Interstat or Local)
2) in which purchase(local purchase or inter state) an organisation get Input credit to adjust sale tax(VAT)

please inform me by informe in brief

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 December 2010 1) Called as local or intra state transaction.
2) On local purchase that too on tax suffered purchase bills.

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Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2010 sir pleas clear does Intra state or Inter state same thing ?, or what is it

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 December 2010 No. Intra state means with in the state. Inter state means out side the state.

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2010 it meanse if purchase made vide itra state then we will get Tax input (credit ) and throught inter state we will not get any credit, M I right sir?

Gagan Agarwal

Gagan Agarwal (Expert)
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28 December 2010 you are right Mr. Anonymous

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