I'm starting small whole sale pharma business in Hyderabad,Telangana. I'm getting stocks from Chandigarh and Himachal pradesh from Different comapnies in small quantities like Rs.20,000 in every 2 months. from 2,3 comapnies. As the VAT 5% + CST (4%+1% or 2% with C form), shall I register for VAT &CST( to get C forms). As it is new start up my turn over expected in first 6 months 3-4 lakhs and next 6 months 7-8 lakhs.( total yearly turnover may be 10-12 lakhs.
1. After registration of VAT, how can I charge vat from my customers. As the VAT paid be me in another state, how can charge and file vat in Hyderabad.
2. As I'm sourcing from more companies in small quantities, is it possible to get more C forms to give it to each comapany and how can I recover my CST from customers?
CAclubindia
