Tax rate & exemption

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CA Sanjay Baheti (Querist)
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01 March 2011 My client being a Private Ltd.Company incorporated in Ahmedabad (Gujarat) & having registered office in Ahmedabad also. Further the company is having Plant/manufacturing facilities as well as Admn. office at Bhilwara in Rajasthan.

Also the Co. is registered dealer having TIN & CST NO. obtained from Bhilwara (Rajasthan).

Now the Co. wants to purchase Copper Scrap (being Ferrous/non ferrous Metal) from Ahmedabad (Gujarat) used as raw material i.e. input for manufacturing the goods being exported.

Now query is whether Co. can Purchase such materials against C Form @ 2% or not.Further when the manufactured/Produced Goods are being exported outside India then Any local vat rate is applicable & if applicable then at what rate.also confirm whether CST Paid @ 2% is reimburshable/refundable at the time of Export.

Or when goods are exportable whether the same are exempted from VAT or not.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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01 March 2011 Yes company can purchase raw materials from Gujrat against C form by paying 2% CST. No VAT is applicable if the goods are exported.
CST paid on purchases is not refundable.

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