06 June 2014
X is selling goods to Y its a LOCAL SALE... Please check the following cases ....X has TIN Number and Y has TIN Number.... ........VAT will be Applied, but what will be the TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
....X has TIN Number and but Y does not have TIN Number.... ........VAT will be Applied, but what will be the TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
....X does not have TIN Number and Y has TIN Number.... ........what TAX will be Applied, what will be TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
....X does not have TIN Number and Y does not have TIN Number.... ........What TAX will be Applied, what will be TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
10 June 2014
1. Tax rate shall be normal rate in state, heading "Tax invoice" 2.Tax rate shall be normal rate in state, heading "Retail invoice" 3.X cant charge VAT,Y have to deposited purchases Tax, heading "Retail invoice" 4.X can's charge VAT, heading "Retail invoice"
10 June 2014
Here is another senario X is selling goods to Z its a OTHER STATE SALE... Please check the following cases ....X has TIN Number and Z has TIN Number.... ........VAT will be Applied, but what will be the TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
....X has TIN Number and but Z does not have TIN Number.... ........VAT will be Applied, but what will be the TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
....X does not have TIN Number and Z has TIN Number.... ........what TAX will be Applied, what will be TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
....X does not have TIN Number and Z does not have TIN Number.... ........What TAX will be Applied, what will be TAX % ........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)
10 June 2014
if buyer is from other state, and good moving to other state, CST will be charged and not VAT. 1. CST @ appropriate state rate without form C, and @ 2% or lower (if state rate is lower) against form C, heading shall be Retail invoice. 2. CST @ appropriate state rate without form C, heading shall be Retail invoice. 3. X cant charge tax,Z must pay purchases Tax, invoice heading retail invoice. 4. X cant charge tax, invoice heading retail invoice.
10 June 2014
What will happen when buyer is from other state and good moving to 3rd state. For Example Seller is from Delhi, Buyer is from Punjab and good moves to Haryana.
11 June 2014
And what will happen when buyer is from other state and good is not moving to other state. For example. Seller is from Delhi, Buyer is from Punjab and buyer wants to deliver the good somewhere in Delhi.
12 June 2014
Sales tax doesnt matter on buyer's/seller's business places, it depends on movement of goods, if good is moving outside state, that is CST transaction. if good is moving within state, VAT to be charge.
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