Hello Experts
We are Mobile Phone retails sellers (thru online marketplace)
Assuming that I procure mobile phones from Maharashtra; (where VAT @ 12.5%) to Karnataka (where VAT @ 5.5%) for mobile phones.
In this case, I believe that the seller from Mahrashtra should raise an invoice with CST in it. Should the rate be 12.5% or 5.5% or 2% ?
Kindly advise
Thanks.
2% against Form-C declaration. Local rate as applicable in Maharashtra if no Form-C is being given.
Mr.Raju is correct. In Interstate purhase against c-form 2% or Selling state local rate which ever is lower will be th CST rate.
Without C-form Cst rate will be the selling state rate.
Aggarwal Sarawagi and Co
New Delhi
CA
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