Raw materials purchased from other state
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2012
Dear Expert,
My friend is the manufacturer of Rubber products, his factory is in Mumbai(MVAT) , has has purchased raw materials from Gujarat..
In the purchase invoice the said party charge
2% CST & 1% VAT..
Pls tell me how he can take input of VAT paid on purchase...?
Is there any benefit available for CST paid on purchase??
Pls answer shorty..
Its urgent
My friend is the manufacturer of Rubber products, his factory is in Mumbai(MVAT) , has has purchased raw materials from Gujarat..
In the purchase invoice the said party charge
2% CST & 1% VAT..
Pls tell me how he can take input of VAT paid on purchase...?
Is there any benefit available for CST paid on purchase??
Pls answer shorty..
Its urgent
24 November 2012
Input credit of only VAT can be availed. Input credit of CST is NOT available.
24 November 2012
Mr Author,
A seller cannot charge/collect both VAT and CST on the same transaction.On a local sale only VAT and on a interstate sale only CST is to be collected.You may ask the seller to refund the VAT collected on this sale. However as both these taxes are collected in Gujarat you cannot claim it as input in Mumbai.....MJK
A seller cannot charge/collect both VAT and CST on the same transaction.On a local sale only VAT and on a interstate sale only CST is to be collected.You may ask the seller to refund the VAT collected on this sale. However as both these taxes are collected in Gujarat you cannot claim it as input in Mumbai.....MJK
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- FCRA 6 E- Intimation
- Resigning a auditor from the company for misconduct
- Filling ITR - U
- TDS ON EMAIL DOMAIN SERVICE BILL
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
