A pvt ltd company, corporate office at Bangalore and having TIN no. and CST no. according Kvat Act, and having branches at chennai and hyderabad but didn't having TIN no.s in both states. my question is if client is belongs to chennai, want to rise sales invoice from chennai branch office to chennai client shall we rise the sales invoices in chennai at local vat rate(12.5%) or CST rate?
am little bit confused in this,,,,,,,
Please help in this regard,,,
Guruprasad R
Mr Guruprasad,
A CST invoice has to be raised when the goods are despatched from Bangalore to the Chennai client.If the required goods are held in the Chennai branch stock then invoice can be raised from that branch charging TN VAT. The Chennai branch can not raise a CST invoice while issuing the products locally.For this purpose the branch at Chennai has to be registered under TN VAT Act.....MJK
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
