Vat or cst
This query is : Resolved
08 May 2016
whether purchase against c form affect on the cash liquidity of the concern if the goods are sold in state I.e purchase at 2% cst and sold at 12.5 vay
09 May 2016
it is regarded as first sale in the state and hence the state VAT rate becomes applicable. I am NOT getting what you propose to mean for LICQUIDITY?
09 May 2016
what I want to ask is do purchase against c form costs more ??
09 May 2016
it depends upon the situation.
Say, if the outside state purchase against C form is for captive consumption, then you land up paying only CST and dont have to pay VAT.
Say, if the outside state purchase against C form is for captive consumption, then you land up paying only CST and dont have to pay VAT.
09 May 2016
the case is as follows, dealer in Maharashtra purchases goods from goa against c form and sells the same goods within the state @ 12.5% vat.. so the along paid as cst is nothing but a cost , in addition 25% of the sale are credit sale so does it affect the cash liquidity of the concern?
10 May 2016
This you should have stated in the query itself, isnt it?
Anyway, your contention is right. It will hamper the cash flow.
Anyway, your contention is right. It will hamper the cash flow.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
