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Vat @ 15% ?

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(Querist)
27 May 2008 Hi,

One of my supplier has submitted proforma invoice in that he is caliming VAT @ 15 % . This is intra state ( Delhi and orissa) supply. They are asking based on the oral announcement.

Is it right ?

Have we received any notification or Circular related to this?
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Nilesh Damji Chheda

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Nilesh Damji Chheda (Expert)
27 May 2008 In your case the sale is under CST Act, 1956, the rate of TAx is 3% against C Form and local rate of the state in which the sales take place if without C form.
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R.V.RAO

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R.V.RAO (Expert)
27 May 2008 YES SRI NILESH IS RIGHT.
INTERSTATE SALE ATTRACTS 3% CST UNLESS THE GOVT. NOTIFIES CST @ 2%.(EXPECTED)
VAT AS PER LOCAL STATE RATE WHERE THE SALES TAKES PLACE.
EVERY STATE HAS ABOUT 3 TO 5 VAT SLABS.
R.V.RAO
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C.k.chamy

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C.k.chamy (Querist)
28 May 2008 Thank you,

Is Gujarat gov raised their local tax? that is 12.5% to 15 % ( with out c-from)

chamy
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 September 2008 In case of Inter State Sales, CST is chargeable and not the VAT.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 September 2008 In case of Inter State Sales, CST is chargeable and not the VAT.
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