Hi Guys,
I own a startup and about to go -live with my e-commerce website for selling Health/Food supplements in online retail. I do an interstate purchase using C-form. My query is when I resell the products in retail, what is the % of tax to be levied in my invoice to customer(ofcourse with out c-form).
I need the % of tax to be included for both intra state and inter-state retail sales. My company is registered and operating from Tamilnadu.
Since the goods are sold without C FORM , the rate applicable would be the rate had the goods been sold within the state . This rate would be applicable for both inter state as well as intra state sale transaction . The rate applicable would depend upon the type of product and its schedule entry .
Tax Rate would be the same for both intra state & inter state sale if selling without any Statutory form.....
for exact rate please check VAT Schedule,
Dear Karthick
Please find the link : https://www.tnvat.gov.in/English/Taxrate.htm
Correct. Interstate or intrastate , the rate would be the same .
However , in the invoice do not forget to mention VAT @ 5% or CST @ 5%
Bharat Shah & Associates
Mumbai
CA Inter
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CCI
Pro
CAclubindia
