VAT

This query is : Resolved

ARUN MAHESH (Querist)
Follow

04 February 2009 In case a trader sells or purchases goods from other state the applicable tax is CST or VAT?

What is the provision in case entry tax in VAT return. Whether it is governed under the state VAT or CST or under both

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
Follow

04 February 2009 When he receives goods to the state in which he is registered and then resell in the state where he is registered then vat is applicable. If he again sells to other state then CST is applicable.

In the vat return there will be colmun seperately for Entry of goods and tax thereon. It will com under cst purchase.

vipin

vipin (Expert)
Follow

06 February 2009 When he receives goods to the state in which he is registered and then resell in the state where he is registered then vat is applicable. If he again sells to other state then CST is applicable.

cavipin garg
partner,
KVR & Co.
Chartered Accountants
B-2/1 Ashish Complex LSC,
New Rajdhani Enclave,
Vikas Marg Delhi-110092
kvrco@in.com
Tax, Assurance, Consultancy, ROC, STPI/ SEZ

Tel :011-22515695

Upgrade to CAclubindia Pro. Subscribe Now!