Problem in cst

Save Share

This query is : Resolved

Sanjeev Parasrampuria (Querist)

20 June 2013 A(Mumbai) Purchase Goods From B(Tamilnadu)
Basic Value 441600
Excise Duty 52992
Edu Cess 1060
S&H Edu Cess 530
CST@2% Against Form C 9924
Total 506106

A(Mumbai)directly Sale these goods to C(Gujrat) i.e. Directly delivery from B(Tamilnadu) after addition Value of Rs.20000 i.e.526106.

Whether A(Mumbai)also charge CST in Tax Invoice raise to C(Gujrat)?
Explain Briefly?

RENGARAJ R.K

RENGARAJ R.K (Expert)

21 June 2013 It seems from your query that the material is handed over to your party in Gujarat during transit time itself, i.e from Tamil Nadu (B) to Gujarat (C) without reaching Mumbai. Ok. When will you raise the invoice and send to your Gujarat party after adding Rs.20000/- profit?

The answer is- you also have to add CST in your Interstate Tax Invoice.

Sanjeev Parasrampuria

Sanjeev Parasrampuria (Querist)

21 June 2013 If A(Mumbai) levy CST on Invoice raise to C(Gujrat), it means there is tax on tax i.e.tax is also on Rs.9924.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now