We have a hotel project coming up in Mysore. We procure meterial from Mysore & in due course some meterial wiil be from other states & Import.
Pl.guide us whether we are eligible to register ourselves for VAT, & what benifits we will have?
Menu
VAT treatment
Replies (1)
Dear Vijay,
If you are buying material from outside Karnataka, your supplier will charge you only 2% CST against form 'C', if you have VAT/CST registration. Otherwise Tax can be either 4% or 12.5%.
But ensure that all the material you buy interstate for your project are included in your CST certificate, so that you can issue form 'C' later.
I am not sure if you can benefit from the Local VAT credit for your project purchase.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
