Hi all!
We are registered under COT/CST in Karnataka. In this month we have purchased a Pump from Tamil Nadu and the total Invoice Amount is Rs.88,434/- including CST & Packing & Forwarding charges. (Pump amount - 85,000/- P&F charges 2% i.e. Rs.1,700/-, CST @ 2% - Rs.1,734/-).
What is the Tax amount that we need to pay to the VAT Department? How to Compute?
Thanks & Regards
You have to submit C Form
If you are under Karnataka COT, KVAT prohibits specially from purchasing and selling outisde karnataka.
Regards
Sunil
YOU HAVE TO ISSUE C FORM TO THE SELLING DEALER. AND INPUT ON CST PURCHASE IS NOT ALLOWED.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
