Interstate..
This query is : Resolved
sreeninvas
(Querist)
01 October 2011
I intend to import certain spices and sell it to a buyer in another state.For e. importing into Mumbai and selling it to a Delhi buyer.
what will be status of VAT for me..
what will be status of VAT for me..
CMA Nishad Patkar
(Expert)
02 October 2011
Dear Sreeninvas
In your Case Two Transactions are possible.
1. If Material sent to delhi by transferring the title of document by direct endorsement (i.e without clearing the material in your name at mumbai port and then trf.to delhi ) then it will be considered as a direct import and no Vat or CST will be charged.
2. If title is received in your name at Mumbai and transferred to Delhi the Sale from Mumbai to Delhi will be attracted to CST @ 2%.
In your Case Two Transactions are possible.
1. If Material sent to delhi by transferring the title of document by direct endorsement (i.e without clearing the material in your name at mumbai port and then trf.to delhi ) then it will be considered as a direct import and no Vat or CST will be charged.
2. If title is received in your name at Mumbai and transferred to Delhi the Sale from Mumbai to Delhi will be attracted to CST @ 2%.
sreeninvas
(Querist)
03 October 2011
Dear Mr. Nishad Patkar,
Thanks for ur nice piece of advise.
Thanks for ur nice piece of advise.
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