07 November 2013
Dear Friends, Please let me know is VAT & CST no. is required if I am buying goods from outside of state and selling in and out of the state. What kind of statuary requirements for selling and buying VAT exempted goods.
09 November 2013
Yes You are required to obtain Vat and CST No. both in case of Interstate Transctions. In certain State one good is exempted from tax and in Other State it may be Taxable.
For e.g. Grey Cloth sale is exempted in surat but not in other states.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
09 November 2013
Dear Sir, Thank you very much for your valuable feedback.Can you clarify if the goods is tax exempted in selling and buying both states then VAT & CST no. is required or not. Thanks in Advance.
10 November 2013
If the goods are tax free i.e. 0% tax rate as per schedule, in both the state You may not obtain registration. If the goods are exempt from tax conditionally you must take registration under both Act.
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