Cst calculation on vat exempted silver anklets in tamilnadu

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itsJame (Querist)
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05 December 2016 Dear Experts,

I m an Individual from TamilNadu. I would like to know a few clarifications over following.

1. Currently there is VAT exemption for SILVER ANKLETS in TN. I wish to do an Inter-State sale of this particular exempted good from TN to ANDRA PRADESH where current VAT for SILVER PRODUCTS is 1%. So how is the CST calculated on this.

2. What all documents to be carried by me to keep harassment of taxmen at bay ie. if i carry 2000 grams of silver anklets with me for sale what papers would an tax officer ask me to provide.

3. If suppose the anklets which i carried for sale is sold successfully and i received an payment for the same. What procedures to be followed in that transaction. I would receive an combination of cash, silver metal, and old returned anklets.

I would like to hear from experts around here on this issue. If there is any expert in this forum around SALEM I could make an personal appointment if necessary.

Saket Agarwal

Saket Agarwal (Expert)
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06 December 2016 1. You should first check the regiatration certificate of the buyer to ensure that the items you are selling are mentioned therein. Only when the items are mentioned in his registration certificate, can he issue a C Form to you. You can sell the goods to him without charging any VAT if it is exempt in TN. However, the other party should issue a C Form to you. 2. Documents to be carried would be an Invoice and a transport document like E-Sugam. I think in TN there are JJ Forms prescribed by VAT law 3. Again if you want to transport goods as consideration, you will have to go through TN's prescribed rules for JJ Forms