Procedure of cst &vat
This query is : Resolved
12 December 2013
Dear members & seniors.
Kindly clarify regarding registration of vat and cst whicherver is required.
Business intro:
Myself Vikash kushwaha... furniture wholeseller in Bihar and intend to purchasing of furnitures from other states like delhi ,kolkata as a whole so which registration is compulsory to me and what are the procedure of the same and kindly further tell me tax payable rate on inputs and prescribed rates under sale tax.. Kindly don't ask me to refer on the website of vat.
Kindly clarify regarding registration of vat and cst whicherver is required.
Business intro:
Myself Vikash kushwaha... furniture wholeseller in Bihar and intend to purchasing of furnitures from other states like delhi ,kolkata as a whole so which registration is compulsory to me and what are the procedure of the same and kindly further tell me tax payable rate on inputs and prescribed rates under sale tax.. Kindly don't ask me to refer on the website of vat.
12 December 2013
Dear Mr. Vikash,
Registration is compulsory only to dealers whose turnover in the year exceeds Rs 5 Lakhs. For other dealers, it is optional.
As you want to Purchase from outside state, you need to register under CST Act,1956 but before it you need to register under VAT Act in your District Commercial Tax Office.
For CST Registration you may download Form A of Central Sales Tax Act,1956 & Consult a lawyer about respective VAT registration forms which are used in your state.
Your lawyer will clarify you better about local rules/tax rate etc. in your state.
Registration is compulsory only to dealers whose turnover in the year exceeds Rs 5 Lakhs. For other dealers, it is optional.
As you want to Purchase from outside state, you need to register under CST Act,1956 but before it you need to register under VAT Act in your District Commercial Tax Office.
For CST Registration you may download Form A of Central Sales Tax Act,1956 & Consult a lawyer about respective VAT registration forms which are used in your state.
Your lawyer will clarify you better about local rules/tax rate etc. in your state.
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
- GST Regis.
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
