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exempt purchases

VAT (Legacy) 4369 views 9 replies

hello freinds,

i need to know that if we are having exemption under cst act then do we have sumbit nay forms for that????...

Replies (9)
this depend upon the product listed in the act u vh not mentioned the product name
I dont think there is any exemption under CST Act, perhaps u are talking about state exemption of CST. You will have to issue "C" form, in case of purhase during interstate trade & commerce. As regrads sale in course of inter state trade & commerce is concerned, as per act, you should obtain C Forms.
As we know, CST is charged at higher rate(subject to few items havuing lower VAT rates .......) if dealers fails to obtain C forms. If u are availing unlimited exemption, you are not going to incurr any loss due to your failure in getting C forms. But, if your exemption is having some limits, while calculating your notional tax liability, CST may be calculated at a higher rate.
Yes I agreed with ur views but i hv replied to questioneir as he asked
its a packing materials for which i m exempted under cst act.do i need any form for this????
I can not get your question.. it is confusing.... Under which section of CST Act.. you are exempted? Please resubmit your query with details- so that proper discussion can be made thereon.

for sales

suppose i am the seller and am issuin the sale invoice to the buyer who has issued C form..so is there any exceptions in such case where CST is not applicable/nil.?

Is silvassa exempted from the payment of CST/VAT even if there is interstate sale and C form is issued?

See

Order No. DNH/VAT/2005/05-06/ 31 Dated : 21-04-2005. regarding Dadra & Nagar Haveli Value Added Tax Exemption-cum-Deemed Credit Scheme, 2005

Dear Sir,

We from Chennai, Taminadu, purchased from a Vendor in Daman. Vendor has not charged CST since he has exempted sales.

Whether we need to issue C forms to the Vendor, though he has not charged CST in his Invoice???

 

Best Regards,

Dillip Rout

Yes yu have to issue C Form to the supplier at Daman, as the area is exempted from charging CST.


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