Dear Sir,
We are in Karnataka VAT under COT (Works Contract - Railway contracts)
We are in COT and we are planning to purchase cement from Andra Pradesh for CST2%.
Railway will deduct 5% TDS from us for all UCC.
Wheather additional VAT liability on purchases outside Karnataka is applicable on us.
Cement is taxable at 14.5% in Karnataka
We are Purchasing against C form.
Wether I have to pay additional liability on such purchases 14.5% - 2%CST paid - 5% TDS deducted by railway.
I know it is applicable when we are purchasing for CST14%
Wether such liability is need to pay on purchase against C form also.
Kindly give me your valuable answer.
Thanking you
Venugopal D
CAclubindia
