26 January 2012
I would like to know if it is necessary to get Form C for a registered dealer from within West Bengal making an interstate sale of gold/silver ornaments/jewellery to another registered dealer outside west bengal, when the rate of tax on such item is 1% (floor rate). Also what rate of tax should be charged on such item when the sale is made to an unregistered dealer. Please help!
31 January 2012
Being inter-state sale from a registered dealer to a registered dealer there is a need of Form C whereas to an unregistered dealer full sales tax as applicable in the state WB will be applicable because higher of full central or state VAT is the norm for application.
CAclubindia
