06 September 2011
Since you are the manufacturer you have to register under VAT, CST, Drugs, www.ctax.kar.nic.in/Basically there is no difference in VAT & COT
08 September 2011
Mr Manjunath, Since you are making interstate purchases you are not eligible for registration under COT.Under COT,filing quarterly returns,no input tax credit,paying a flat rate of 4% on the total receipts,are the features.Under VAT filing monthly returns,paying out put@14%-input paid on purchases &I/S purchases allowed. MJK