Sales transaction
This query is : Resolved
02 October 2012
Dear Sir,
I have clarification and to be cleared from your end. Please note down the following,
'A'-Karnataka is the Purchaser and would like to buy the goods from 'B' Maharastra (Seller) and to be sold to 'C'-Maharastra (Final Customer).
My clarification is given below,
1) 'B' is not ready to issue Form 'C' hence the 'A' is in Karnataka. Orelse 'B' will be charging as Full CST Tax (5% or 12.5%)
2) In this case, if they charge local tax of Maharastra, is it okey and its wrong
Best Regards
Naresh
I have clarification and to be cleared from your end. Please note down the following,
'A'-Karnataka is the Purchaser and would like to buy the goods from 'B' Maharastra (Seller) and to be sold to 'C'-Maharastra (Final Customer).
My clarification is given below,
1) 'B' is not ready to issue Form 'C' hence the 'A' is in Karnataka. Orelse 'B' will be charging as Full CST Tax (5% or 12.5%)
2) In this case, if they charge local tax of Maharastra, is it okey and its wrong
Best Regards
Naresh
02 October 2012
I think its okk to charge local tax, if A does not let the goods exit maharashtra itself.. like, if B is ready to drop goods at C's place directly, it will ease the job of A., othervise A can make an arrangement to deliver goods from B's premises to C's premises...
02 October 2012
Please let me know the how to raise the Invoice by 'A' to 'C'.
1) Will 'A' charge Full Tax of Karnataka (14.5% -without Form 'C')
2) Or else how they will raise.
1) Will 'A' charge Full Tax of Karnataka (14.5% -without Form 'C')
2) Or else how they will raise.
02 October 2012
Sorry m not that much into IDT., let some expert from this field answer abt it..
02 October 2012
there is no any entry of goods into Karnataka state, physically. It is thus outside the scope of Karnataka vat. You are paying CST at full rate as A is not ready to issue c form. A can very well raise the bill/invoice onto C. A is not exigible to Karnataka VAT in this case as the movement of goods is out of Karnataka.
02 October 2012
It means that 'B' can charge fulltax charges to 'A' hence its Interstate & not against Form 'C'. In this case, 'A' can raise invoice to 'C' on full tax of Karnataka.
Meaning is Basic Price + 14.5% or 5.5% VAT.
Or else,
thay can do E-1 Tranaction i think... your advice please...
Meaning is Basic Price + 14.5% or 5.5% VAT.
Or else,
thay can do E-1 Tranaction i think... your advice please...
03 October 2012
Purchases OKS.. out of Karnataka State
Movement of goods... out of Karnataka
Sales OKS... Out of Karnataka State. So for "A", KVAT is NOT APPLICABLE. Coming to MVAT..... A is not a registered dealer under MVAT and "B" is charging full CST.
Movement of goods... out of Karnataka
Sales OKS... Out of Karnataka State. So for "A", KVAT is NOT APPLICABLE. Coming to MVAT..... A is not a registered dealer under MVAT and "B" is charging full CST.
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