One Registered Vat Dealer Sold Gold Jewellery from his showroom in Kolkata West Bengal, to A person who's address in Tax Invoice is Mumbai. Should he Charge Vat or CST ? Is it Sale within State or Inter State Sale
SUNANDA MUKHERJEE (ACCOUNTANT) (45 Points)
07 September 2013One Registered Vat Dealer Sold Gold Jewellery from his showroom in Kolkata West Bengal, to A person who's address in Tax Invoice is Mumbai. Should he Charge Vat or CST ? Is it Sale within State or Inter State Sale
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 08 September 2013
SUNANDA MUKHERJEE
(ACCOUNTANT)
(45 Points)
Replied 08 September 2013
Thank you for the clear clarification.
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 10 September 2013
Correct. To determine any sale (whether it is local sale or interestate) situs of sale is very important and second thing is movement of goods and third is taking delivery. (u/s 3 of CST Act. 1956)
If the party comes from other state, and takes delivery and arranges vehicle on his own then it is local sale. If the same party, after taking delivery asks the supplier to send the materiasl to his Mumbai address, then it is interstate sales then the question of c form and all arise.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"