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natarajutr (chief purchase manager)     11 September 2012

Cst or vat

Dear Sir,

 

Our company based in Bangalore and placed order for for printed matter in Hyderbad.

Invoice received with ewaybill and shows as VAT at 5% with TIN Number of supplier.

Is it correct. Can we consider VAT or CST at applicapable rate.

Since the item is stationary this will be consumed in-house and no further sale takes place.

 

Kindly clarify.

 

 



 3 Replies

CA Sanjay Bag

CA Sanjay Bag (CHARTERED ACCOUNTANT)     11 September 2012

No, it is not correct. In your case it should be CST.Please check with supplier why it is happen.

Abhimanyu Bind

Abhimanyu Bind (CA Final Student & Audit Assitant)     12 September 2012

As per CST ACT, 1956,

"The rate of CST on inter-State sale other than sale to registered dealers shall be the rate of VAT applicable in the State of the selling dealer."
.

Now, its all depends on your status of registration.

In your query you have mentioned, you have bought stationery for in house consumption not for further selling. So, from that I guess you are not a registered dealer.

So,  dealer has charged VAT which is correct treatment in my opnion based on above qouted rule.

Regards,

Abhi
 

HARI KRISHNA

HARI KRISHNA (B.COM ACA CMA)     15 September 2012

IT IS CST ONLY BUT NOT VAT AS IT IS INTERSTATE SALE.

 


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