VAT and central sales tax A/c
This query is : Resolved
15 April 2008
what are the difference between VAT & CST? in whch conditions CST & Vat is apply?
Subash Gaijes
(Expert)
15 April 2008
Mr. Pravin,
first i will explain two types of Sales.
i. Inter State Sales (Between States)
ii. Intra State Sales (Within the State)
1. VAT is applicable for sales within the states. ie. Intra State Sales
2. CST is applicable for Inter State Sales.
first i will explain two types of Sales.
i. Inter State Sales (Between States)
ii. Intra State Sales (Within the State)
1. VAT is applicable for sales within the states. ie. Intra State Sales
2. CST is applicable for Inter State Sales.
Reetika Goel
(Expert)
16 April 2008
Right..
but if VAT is not applicable (i.e. dealing in such goods on which VAT is not applicable) then in no circumstance CST will be levied, even though the dealer is making interstate sale.
but if VAT is not applicable (i.e. dealing in such goods on which VAT is not applicable) then in no circumstance CST will be levied, even though the dealer is making interstate sale.
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