Mp purchase invoice charge vat
This query is : Resolved
13 March 2014
Dear Sir,
My firm in Nagpur, Maharashtra purchase PC from Indore (MP), but he charge VAT 5% in invoice instead CST.
How can I avail this Tax from other state.
Please advice....
My firm in Nagpur, Maharashtra purchase PC from Indore (MP), but he charge VAT 5% in invoice instead CST.
How can I avail this Tax from other state.
Please advice....
19 March 2014
You CANNOT claim Input credit of such tax. the seller may have wrongly mentioned VAT instead of CST.
Do not take credit of the tax.
Do not take credit of the tax.
24 March 2014
Dear Sir,
You mean to say I got loss of 5% Vat, I can't get benefit of this Vat.
Is there any way to get my Vat refund ??
Please Advice......
You mean to say I got loss of 5% Vat, I can't get benefit of this Vat.
Is there any way to get my Vat refund ??
Please Advice......
10 April 2014
You have NOT lost VAT. CST is applicable on inter-state purchases.
Credit of CST is NOT allowed. It is to be added to the cost of the material.
Accordingly when you compute the selling price of the product you will consider CST as a cost.
Credit of CST is NOT allowed. It is to be added to the cost of the material.
Accordingly when you compute the selling price of the product you will consider CST as a cost.
10 April 2014
Dear Sir,
means when I make accounting in my books, I have to take 2% CST & rest of computer cost. But how can issue c-form & how to process.
Regards
Yogesh
means when I make accounting in my books, I have to take 2% CST & rest of computer cost. But how can issue c-form & how to process.
Regards
Yogesh
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