Reselling the purchased unit at cst rate..urgent sir
This query is : Resolved
21 October 2012
Respected Experts,
Very urgent please clarify me ASAP.
The seller sells goods to a buyer which is attracting Central Sales Tax. The buyer buys the goods to resell the same unit in the same condition (i.e. he is just a trader). In such a case can the seller charge the buyer at CST rate of 2% or should he charge at the Local VAT rate.
With regards,
Rajesh.
Very urgent please clarify me ASAP.
The seller sells goods to a buyer which is attracting Central Sales Tax. The buyer buys the goods to resell the same unit in the same condition (i.e. he is just a trader). In such a case can the seller charge the buyer at CST rate of 2% or should he charge at the Local VAT rate.
With regards,
Rajesh.
22 October 2012
The seller can charge CST at 2% since the buyer will be able to provide 'C' Forms in this case.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
