PRITI RUPAREL (ACCOUNTANT) (193 Points)
25 June 2009We are selling goods in local market on VAT collection @ 12.5%.
If we sell the same goods out of Maharashtra (OMS), how many % Tax we should collect from our client if our client is not ready to issue us 'C' Form.
Please help me in the matter & oblige.
Thanks,
PRITI RUPAREL
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14477 Points)
Replied 25 June 2009
you should charge at local vat rate in CST(12.5%) if party not registered with sales tax.
P R KEJRIWAL
(Vice President)
(40 Points)
Replied 26 June 2009
The CST rate will be equal to the loca rate i.e 12.5% if c form is not received. Post 1.4.2008 the rate would be equal to the local rate i.e. 4% or 12.5% in case of no c form.
Adv. Pawan Kejriwal
CAclubindia
