Hello,
I understand that imports & exports are not subject to sales tax, but can anyone please tell me whether there is a legal obligation to report Import purchases or export sales for purposes of VAT & CST in Delhi, Mahrashtra and Tamil Nadu?
Thanks.
Sir,
Though they are exempt from CST and VAT,
But the department has to know that from where u have acquired the material,
If in the Scrutiny he asks from where u have received the Input it is the guiding document.
For example if any exempt income is received , even though it is not taxable but we have to file the return in case of other income is more than basic exemption limit and should show the exempt income...
regards.
CAclubindia
