I AM ATTACHED TO A TRADING COMPANY IN CHENNAI. WE USE TO SUPPLY MATERIAL AGAINST FIRM ORDER FROM OTHER PLACES LIKE KARNATAKA (INTER STATE). WE NORMALLY SUPPLY MATERIAL WITH 100% AGAINST PRO-FORMA. BUYER COMPANY PROVIDES CST NUMBER AND ASK FOR 2% CST DISPATCH. SO THEY PAY TO THAT EXTEND ONLY. AFTER RECEIPT OF MATERIAL, THE BUYER IS NOT BOTHERING TO TAKE OUR CALLS OR REPLY EMAILS SENT TO THEM. WHAT IS THE METHORD BY WHICH WE CAN COLLECT C-FORMS FOR OUR SUBMISSION TO LOCAL SALES TAX OFFICER DURING ASSESSMENT. IS THIER ANY FORUM WHICH EXTEND SERVICE / SUPPORT FOR SUCH FAULTERS. IS THEIR ANY PROVISION TO SUBMIT THESE DEFAULTER TO LOCAL SALES TAX OFFICE / CLIENTS SALES TAX OFFICE. IN THOSE CASE WHAT FORMALITIES TO BE FOLLOWED. P.KUMAR CHENNAI.
Read more at: /forum/c-form-collection-250913.asp
Read more at: /forum/c-form-collection-250913.asp
I AM ATTACHED TO A TRADING COMPANY IN CHENNAI.
ALL MNC Company always like to import their requirement most of the project material from abroad. Their specification mostly linked to Europe / Eastern Country.
Now a days the Dollar rate is appreciating and dwingle the value for Indian Currance.
Whenever we quote in Indian Rupees, we stand looser for those imported items when we supply after 45 to 60 days from our offer letter.
Can we quote and sell in US Dollar within India. If so what will be its implication in Sales Tax, Income Tax etc.
Wish some one clarify.
P.KUMAR CHENNAI.
CAclubindia
