20 January 2011
WE ARE MANUFACTURER OF COLOUR TELEVISIONS. OUR FACTORY is SITUATED IN NOIDA (U.P.). WE IMPORT ELECTRONIC COMPONENTS AS INPUT FOR OUR FINISHED PRODUCTS.
WE HAVE TO SELL SOME REJECTED IMPORTED ELECTRONIC COMPONENTS TO M/S ABC COMPANY IN DELHI. ON FREE OF COST BASIS (AS PER THE INSTRUCTIONS GIVEN BY OUR FOREGIN SUPPLIER).
ARE WE LIABLE TO PAY CENTRAL SALES TAX ON THIS FREE OF COST SALE?
20 January 2011
If you selling goods as free of cost to end user. you no need to deduct CST. You will make invoice without sale value (only inventory affect)
CAclubindia
