Cst conditions

This query is : Resolved

KUSH WADHWA (Querist)
Follow

19 November 2014 I want to know that I made a purchase from other state. vendor has calculated cst 12.50% & 5% both on invoice. so it is possible to charge both the taxes in one invoice? if yes so what should be conditions of doing this.

GN Patankar

GN Patankar (Expert)
Follow

19 November 2014 Dear Kush, If u want to do purchase against form "C" it would be 2% , other wise full rate of tax applicable on the item.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

19 November 2014 Yes,12.5% and 5% can be charged in one invoice itself.But the amounts for which different rates are applicable are to be shown separately. If you can issue a 'C' form only 2% will be applicable for all goods....mjk

Upgrade to CAclubindia Pro. Subscribe Now!

Rupesh Jain

Rupesh Jain (Expert)
Follow

22 November 2014 yes both rate charge for that calculation Column will show separately on the invoice.

you can but against C form then you have to pay 2%