Dear Members
We know that declared goods or goods of special importance cant be taxed at more than VAT 5%.
I need to know that will be the entry in case we buy these goods interstate?
Will there be an involvement of C Form.
Will CST rate be 2%?
Please advise.
Thanks
Shivani
shivaniadream @ gmail.com
Yes mam
There will be involvements of C Form.
Entry will be like
1.
Purchase A/c..................Dr.
Input VAT credit receviable(2%) a/c.....dr
To Party. A/c
2% with C Form
5% without c form.............
Yes m sorry there will be
CST payable/ or receivable....as per case may be,
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