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
CA. Vineet Grover
(Expert)
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.
Shyam Lal Naik
(Expert)
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
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