Cst rate

Others 805 views 3 replies
User Avatar

Finance Professional
73 Points Joined November 2012

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?

 

 

0 Reply Share Follow
On 14 August 2013 at 10:50 Report
Replies (3)
Guest

rate of CST is 2%, provided a declaration in Form C is issued by the purchasing dealer.

In the absence of a declaration in Form C, the applicable rate would be the rate of VAT on such goods in the state of origin.

 
Reply
On 14 August 2013 at 14:45
Guest

no credit of cst paid is available ..

it should be included in the cost of purchase

Reply
On 14 August 2013 at 14:47
User Avatar

ADVOCATE
7557 Points Joined October 2010

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.

 

Reply
On 23 August 2013 at 07:58


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading