Vat @ 15% ?
This query is : Resolved
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?
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?
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.
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
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
28 May 2008
Thank you,
Is Gujarat gov raised their local tax? that is 12.5% to 15 % ( with out c-from)
chamy
Is Gujarat gov raised their local tax? that is 12.5% to 15 % ( with out c-from)
chamy
CA. O.P. Agarwalla
(Expert)
19 September 2008
In case of Inter State Sales, CST is chargeable and not the VAT.
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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