Hello, I am a dealer located in Tamil Nadu having both VAT and CST Nos. I have a buyer who doesn't have a VAT or CST, he wants me to bill products to him for a apporximate value of 10Lacs a month on regular basis. All payments are done via bank. Can i bill to his customer or any high value transactions require VAT or CST ?
Menu
Vat cst
Replies (5)
I Think No................ You are Requred to Issue Retail Invoice to Buyer including Vat........
You mean to say the Buyer should have a VAT number ? Do retail invoice need buyers VAT no ?
The buyer need not have a VAT or CST no. You have to charge cst at full vat rate applicable within the state in your invoice. Organisations like schools,colleges or associations can make interstate purhases,but,without the 'C' form benifit.......mjk
Retail Invoice is Issued to Unregisterd Buyer and Tax Invoice is Issued to Registered Buyer but in Both Cases you will Charge Vat Tax.
Thanks
who has to issue C-form? For example, Goods are purchased from Bangalore, I am in chennai , my project is in punjab. Invoice is raised on my company, chennai. But goods are delivered directly to my project site in punjab by supplier from bangalore. In this case can we issue c-form from chennai based on cst registration in chennai.
Can anyone give me related rules.
Pls reply
Recent Threads
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
Related Threads
CAclubindia
