Vat or cst applicable?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2012
WE HAVE SUPPLIED MATERIAL AS PER FOLLOWING
(1) CONSIGNOR : Ahmedabad (Gujarat)
(2) Buyer : Outside Gujarat
(3) Consignee : Within the Gujarat
The question is Value added tax applicable or Cst applicable? Which principle applicable - (a) Movement of Goods (b) Title of Goods
(1) CONSIGNOR : Ahmedabad (Gujarat)
(2) Buyer : Outside Gujarat
(3) Consignee : Within the Gujarat
The question is Value added tax applicable or Cst applicable? Which principle applicable - (a) Movement of Goods (b) Title of Goods
04 January 2012
Mr Author,
Movement of goods is important in some cases.Here as the goods do not cross the Gujrat state borders the sale will be within that state only.But, there is an exception to this rule by way of interstate sale by transfer of documents.The buyer staying outside Gujrat can endorse the documents to be delivered to his customer(consignee),while the goods are on the way(transport),even if the customer is in the same state. This is also an interstate(CST) sale.Though the goods do not go out of the state border,but under sec3(b)of CST Act it becomes an interstate sale.
MJK
Movement of goods is important in some cases.Here as the goods do not cross the Gujrat state borders the sale will be within that state only.But, there is an exception to this rule by way of interstate sale by transfer of documents.The buyer staying outside Gujrat can endorse the documents to be delivered to his customer(consignee),while the goods are on the way(transport),even if the customer is in the same state. This is also an interstate(CST) sale.Though the goods do not go out of the state border,but under sec3(b)of CST Act it becomes an interstate sale.
MJK
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
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
