VAt v/s CST
This query is : Resolved
27 May 2008
Hi All
I am little bit confuse about the Vat and CST like when Vat is applicable and when Vat is applicable.
For Example I have purchased a goods from Out Side of Noida like Gujrat My vender Charge me a tax for 5% and he said that this is the CST or Vat, If I am not providing him C form For Central purchase else the rate is 3%.
Kindly clear my doubts
Reg
Mint
I am little bit confuse about the Vat and CST like when Vat is applicable and when Vat is applicable.
For Example I have purchased a goods from Out Side of Noida like Gujrat My vender Charge me a tax for 5% and he said that this is the CST or Vat, If I am not providing him C form For Central purchase else the rate is 3%.
Kindly clear my doubts
Reg
Mint
27 May 2008
Hi Mint.
You are not clear with the subject.
The CST rate is 2% for registered dealers which which you have to provide C Form.
VAT is invoked when the movement of the goods take place within the state.
At the instant case cited by you, vendor from the Gujarat state shall raise a tax invoice with CST @2% if you are registered dealer for CST or a higher rate if you are unregistered dealer.
Rgds/
Vineet
You are not clear with the subject.
The CST rate is 2% for registered dealers which which you have to provide C Form.
VAT is invoked when the movement of the goods take place within the state.
At the instant case cited by you, vendor from the Gujarat state shall raise a tax invoice with CST @2% if you are registered dealer for CST or a higher rate if you are unregistered dealer.
Rgds/
Vineet
27 May 2008
Hi Vinit
Thanks for your valuable suggestion One more thing do you have any idea that what is the higher rate if i am not providing "C" form to my vender.
Thanks for your valuable suggestion One more thing do you have any idea that what is the higher rate if i am not providing "C" form to my vender.
27 May 2008
Qauntum of CST Payable:-
Against form C : Local VAT rate, subject to maximum of 3%.
Without form C :Local VAT Rate
Against form C : Local VAT rate, subject to maximum of 3%.
Without form C :Local VAT Rate
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
