Sale tax
This query is : Resolved
17 February 2012
dear expert,
WE A PRTNERSHIP FIRM WOULD LIKE TO BUY PRODUCTS FROM A COMPANY ( ANOTHER STATE) AND APPOINT DEALER FOR SUPPLAYING THE SAME. NOW MY QUESTION IS WHEN I BUY THE PRODUCT WE WILL BE PAYING A TAX AT THE RATE OF 2 % AGAINST 'C' FORM, ELSE VAT APPLICABLE AT SELLERS STATE. BUT WHEN I SUPPLY THIS TO THE DEALER AM I SUPPOSE TO CHARGE THEM THE SAME TAX? AND SUBSEQUENTLY THE DEALER CHARGE THE RETAILER ?
THANKS
KIRAN
WE A PRTNERSHIP FIRM WOULD LIKE TO BUY PRODUCTS FROM A COMPANY ( ANOTHER STATE) AND APPOINT DEALER FOR SUPPLAYING THE SAME. NOW MY QUESTION IS WHEN I BUY THE PRODUCT WE WILL BE PAYING A TAX AT THE RATE OF 2 % AGAINST 'C' FORM, ELSE VAT APPLICABLE AT SELLERS STATE. BUT WHEN I SUPPLY THIS TO THE DEALER AM I SUPPOSE TO CHARGE THEM THE SAME TAX? AND SUBSEQUENTLY THE DEALER CHARGE THE RETAILER ?
THANKS
KIRAN
17 February 2012
After you have made the purchase, you shall require to charge the tax based on the nature of sale you make.. eg: Local sales made within the state then rate of tax applicable on such goods in the local state, if interstate sales against C form then tax @ 2% , for interstate sales without c form then again the local rate of tax..
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