Kerala vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2013
We are a private limited company registered under kerala value added tax Act. We are a compounded dealer engaged in works contract .
We are having a inter state supplier who collect 14.5% cat form us my doubt is
Are we liable to pay purchase tax under kvat act ?
Are we liable to issue C-Form ?
We are having a inter state supplier who collect 14.5% cat form us my doubt is
Are we liable to pay purchase tax under kvat act ?
Are we liable to issue C-Form ?
13 July 2013
i) Inter state purchase value should be deducted from the contract amount, and for the balance apply compounded rate.
ii) For the above said purchase value pay tax applicable as per KVAT Act,2003.
iii) Since taxed @14.5%,C form can't be issued.
ii) For the above said purchase value pay tax applicable as per KVAT Act,2003.
iii) Since taxed @14.5%,C form can't be issued.
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