Hi Friends, Consider the following scenario.
A Resller from Hyderabad is trying to procure some goods (Cable Ties and other wire goods) from Kolkata, West Bengal on wholesale basis.
What will be the CST charged by the Wholeseller in Kolkata ?
And How much VAT Can I charge in Hyderabad ?
Can I take any credit for CST paid in Kolkata?
Input tax credit on interstate purchases is not eligible in all the states. Only in GST it is possible. The rate of tax is cst 2% against form C declaration.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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