Possibility of inter state stock tfd and return back as cst
This query is : Resolved
02 November 2011
VERY URGENT : I am placing a situation given below :
Situation : Product manufactured in Gujarat where VAT Rate is 5%. Intially Producer has stock transferred product to his consignment stockist at Delhi against Form'F'. Later, same product has been sold in Gujarat as CST Sale against 'C' Form.
My Queries are :
1. Whether CST Law or VAT law / rule / procedure allowed this system or not ?
2. Is there is any possibility of doing sale in this way, kindly give the way ?
3. What will be implication if sales will be done in the above way ?
Situation : Product manufactured in Gujarat where VAT Rate is 5%. Intially Producer has stock transferred product to his consignment stockist at Delhi against Form'F'. Later, same product has been sold in Gujarat as CST Sale against 'C' Form.
My Queries are :
1. Whether CST Law or VAT law / rule / procedure allowed this system or not ?
2. Is there is any possibility of doing sale in this way, kindly give the way ?
3. What will be implication if sales will be done in the above way ?
05 November 2011
Yes it can be done and the invoice must be prepared from the Delhi.
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