Inrer state purchase
This query is : Resolved
17 December 2014
dear all,
kindly provide valuable advice to my doubt, i.e. when i purchase medicine from outside the state (inter state purchase) can i pay 2% advance tax on same and am not eligible for in put tax credit
17 December 2014
1. Central Sales Tax (CST) is levied on interstate purchase/sale of goods.
2. CST will be charged @ 2% only if the buyer provides C Form to the seller.
3. Input credit of CST is NOT permissible.
2. CST will be charged @ 2% only if the buyer provides C Form to the seller.
3. Input credit of CST is NOT permissible.
20 December 2014
you are buying goods agst c form @2% and at present 2% in not the imputable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Return material
- TDS is applicable on payment of Fix Meal
- Form ITC 04
- TDR receipts for agreement holder
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
