VAT's eat profit's
This query is : Resolved
28 March 2009
Hi Experts,
In addittion to my other queries here is new one.
I am buying Goods from outside Delhi @ 2% CST paid by me till now and selling the goods in New Delhi @ 12.5% VAT
My margin in the product after Delhi VAT is not more than 5%
How is the ways I can save on Tax specially knowing when 12.5% is reserved for the Govt of Delhi.
Is there any way out except selling goods outside Delhi ?
In addittion to my other queries here is new one.
I am buying Goods from outside Delhi @ 2% CST paid by me till now and selling the goods in New Delhi @ 12.5% VAT
My margin in the product after Delhi VAT is not more than 5%
How is the ways I can save on Tax specially knowing when 12.5% is reserved for the Govt of Delhi.
Is there any way out except selling goods outside Delhi ?
28 March 2009
To avoid Delhi vat, you need to sales the goods through E1 trasaction route, in which u buy good from ur supplier on ur client name & collect C from from ur client & give it to ur supplier & give E1 form to ur Client.
For more clearity pls. refer CST act E1 transaction procedure.
For more clearity pls. refer CST act E1 transaction procedure.
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