E.KALAIKOVAN (Sr. Accounts Manager ) (339 Points)
07 March 2012A service provider (End user) from Tamil Nadu placed an order to a Trader of imported material from Gujarat.
As the service provider is not registered and can not issue C Form, the seller charged CST instead of 2%, full rate of tax as applicable in Tamil nadu. In addition, the seller charged additional tax on VAT.
01. What is additional tax on vat?
02. How both CST and VAT will come?
Thank you
jaimin shah
(Finance Manager)
(111 Points)
Replied 09 March 2012
properly mention how much cst charge and vat charge??? as per rule if c form can not be issued than gujarat dealer has to charge local rate of vat as cst for selling outide gujarat without c form in consideration.
E.KALAIKOVAN
(Sr. Accounts Manager )
(339 Points)
Replied 09 March 2012
Dear Sir
CST charged 12.5% and Additional Tax on Vat charged 2.5% by the dealer
Anoop
(Service)
(345 Points)
Replied 10 March 2012
Gujarat dealer rightly charged tax 12.50% & addl tax 2.50%
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
