Retail invoice or tax invoice (query 1)

This query is : Resolved

Sarika (Querist)
Follow

06 June 2014 X is selling goods to Y its a LOCAL SALE... Please check the following cases
....X has TIN Number and Y has TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X has TIN Number and but Y does not have TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y has TIN Number....
........what TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y does not have TIN Number....
........What TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

10 June 2014 1. Tax rate shall be normal rate in state, heading "Tax invoice"
2.Tax rate shall be normal rate in state, heading "Retail invoice"
3.X cant charge VAT,Y have to deposited purchases Tax, heading "Retail invoice"
4.X can's charge VAT, heading "Retail invoice"

Message likes : 1 times

Sarika

Sarika (Querist)
Follow

10 June 2014 Here is another senario
X is selling goods to Z its a OTHER STATE SALE... Please check the following cases
....X has TIN Number and Z has TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X has TIN Number and but Z does not have TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Z has TIN Number....
........what TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Z does not have TIN Number....
........What TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

10 June 2014 if buyer is from other state, and good moving to other state, CST will be charged and not VAT.
1. CST @ appropriate state rate without form C, and @ 2% or lower (if state rate is lower) against form C, heading shall be Retail invoice.
2. CST @ appropriate state rate without form C, heading shall be Retail invoice.
3. X cant charge tax,Z must pay purchases Tax, invoice heading retail invoice.
4. X cant charge tax, invoice heading retail invoice.

Message likes : 1 times

Sarika

Sarika (Querist)
Follow

10 June 2014 What will happen when buyer is from other state and good moving to 3rd state.
For Example Seller is from Delhi, Buyer is from Punjab and good moves to Haryana.

Sarika

Sarika (Querist)
Follow

11 June 2014 And what will happen when buyer is from other state and good is not moving to other state. For example. Seller is from Delhi, Buyer is from Punjab and buyer wants to deliver the good somewhere in Delhi.

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

12 June 2014 Sales tax doesnt matter on buyer's/seller's business places, it depends on movement of goods, if good is moving outside state, that is CST transaction.
if good is moving within state, VAT to be charge.

Sarika

Sarika (Querist)
Follow

08 August 2014 is CST vary based on the state. For example.
Goods are moving from
1) Delhi to Haryana
2) Delhi to Punjab
3) Delhi to X state

If I send goods from Delhi to any other state, will CST% remain same for destination states ?

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

08 August 2014 CST rate shall be charged according to rates prevailing in delhi

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