Vat %

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2011 Respected all,

We are the electrical material dealer.

we are supplying goods in Tamilnadu. But Billing to Noida, U.P. whether the Vat4% is applicable or Form C is applicable.

Please clarify to us.

Thankyou for my advance.

Punithavathy

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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22 January 2011 You have not mentioned , in which state you are situated.

If material moved inter state, it is CST transaction, no matter to whom billed.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2011 Thankyou for your reply.

I am in Chennai I supplied goods to Kanchipuram Dist. But Billed to Noida. Shall I prepare bill based Vat 4%. or CST 2% against Form C.

That is only my doubt.

Regards,
Punitha

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B R Ramesh

B R Ramesh (Expert)
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22 January 2011 Hi

since the transaction leads to interstate transaction.

you need to charge 2@ against C form

or local rate of tax with yout c form