Punjab vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2016 if i am going to sale a mobile accesories in other state. rate of Punjab Vat Act is 8.5% + surcharge 10%. if i sale this item in Andra pradesh or in delhi whether i have to deposit 8.5% or what will be its accounting treatment

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

28 April 2016 if you sales against C Form then it rate will be 2% or without C form then then you have to charged full tax of your state.

Rupesh Jain

Rupesh Jain (Expert)
Follow

02 May 2016 you are in punjab then you have to charge the vat rate as per state from you sell the goods. no matter customers belong which state. if you are selling to dealer then you can sell against C form @2% cst.

Upgrade to CAclubindia Pro. Subscribe Now!