Reselling the purchased unit at cst rate..urgent sir
This query is : Resolved
21 October 2012
Respected Experts,
Very urgent please clarify me ASAP.
The seller sells goods to a buyer which is attracting Central Sales Tax. The buyer buys the goods to resell the same unit in the same condition (i.e. he is just a trader). In such a case can the seller charge the buyer at CST rate of 2% or should he charge at the Local VAT rate.
With regards,
Rajesh.
Very urgent please clarify me ASAP.
The seller sells goods to a buyer which is attracting Central Sales Tax. The buyer buys the goods to resell the same unit in the same condition (i.e. he is just a trader). In such a case can the seller charge the buyer at CST rate of 2% or should he charge at the Local VAT rate.
With regards,
Rajesh.
22 October 2012
The seller can charge CST at 2% since the buyer will be able to provide 'C' Forms in this case.
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