Hello All,
I am from Assam, and i am planning to start a E-Rickshaw selling business. I will purchase the Rickshaw from Delhi and will sell in Assam. I got the TIN number and will do the CST registration soon. As per the tax is concerned i have to pay 2% as CST, 4% as State entry tax, also the seller is asking for C-FORM, which i said that i will send it withing a month for which they asking for a security amount of 10.5% (12.5% VAT- 2% CST). As Assam VAT rate is 14.5%, which i will charge it from the customer.
Questions
1. Please let me know the tax which i have a pay to get the C-FORM.
2. Do i need to pay all taxes like CST, State entry tax & VAT to the Government. which goes to 2%+4%-14.5%= 20.5% or there will be any adjustment.
CAclubindia
