Interstate sale
This query is : Resolved
24 August 2012
I am new to CA articleship and I couldnt figure out this problem, so do care to reply:-
If I a registered dealer of J&K state having TIN No. purchases goods from other state which are taxable @ 13.5% in J&K but exempt in the other state, how much CST I have to pay if a) sale is against Form C, b) sale is without Form C. Present Normal CST rate being 2%.
Plzz do reply !!!
If I a registered dealer of J&K state having TIN No. purchases goods from other state which are taxable @ 13.5% in J&K but exempt in the other state, how much CST I have to pay if a) sale is against Form C, b) sale is without Form C. Present Normal CST rate being 2%.
Plzz do reply !!!
Prakash Kochar
(Expert)
26 August 2012
IF THE TAX RATE IN OTHER STATE IS 0% WHERE FROM GOODS ARE SOLD, CST WILL NOT ATTRACT EVEN PURCHASES ARE WITHOUT C FORM.
MJ Krishnamurthy
(Expert)
28 August 2012
Mr Himanshu,
I beg to differ from my friend Mr Kochar.
When there is tax in the selling state then VAT is applicable at the respective rate even if it is exempt in the receiving state.'C' form can also be used to reduce this CST to 2%.....MJK
I beg to differ from my friend Mr Kochar.
When there is tax in the selling state then VAT is applicable at the respective rate even if it is exempt in the receiving state.'C' form can also be used to reduce this CST to 2%.....MJK
Prakash Kochar
(Expert)
29 August 2012
I mean, if sale is effected from the state where local tax rate is 0%, No CST will be charged on interstate sale.In my reply it was said that if tax rate is 0% in the state of seller. Is it clear?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Oct 2025 Invoices
- GST on Renting godown to KFCSC for Storage of Raagi
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
