Vat on petrol pump licence sale

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

05 December 2013 please clarify the provision on petrol pump licence sale as well as export-import licence sale under Rajasthan vat act

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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05 December 2013 Sale of all kinds of intangible assets,like export-import licence,liquor licence,petrol pump licence etc are liable for 5% vat in Rajastan.....mjk

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 Sir, If license sale to Out of Rajasthan i.e. CST Sale than what is Tax rate

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MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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07 December 2013 Mostly,a buyer can not issue a C form for this purchase. Then it is the same rate i.e.5%.If he can issue a C form it will be 2%......mjk

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2013 Sir, Our client is a Exporter and he sale Import-Export licence sale out of Rajasthan against C-Form and he pay CST @ .5% on this sale.
Please clerify that he is doing right or not