LEVY OF TAX
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2011
HI FRIENDS,
AS I LIVE IN MUMBAI MAHARASHTRA AND MY QUESTION IS FOR WEST BENGAL, CALCUTTA STATE.
SUPPOSE I HAVE PURCHASED GOODS COSTING RS.100000/- BUT DURING THE QUARTER END
THE SALE DOES NOT AFFECT THAT GOODS IS
LYING IN STOCK MY QUESTION IS THAT WHETHER
I HAVE TO PAY VAT ON THAT STOCK AFTER QUARTER END LET ME KNOW BY HOW LEVY OF TAX
WILL PREVAIL (MY PURCHASE IS FROM OUTOF STATE)
AS I LIVE IN MUMBAI MAHARASHTRA AND MY QUESTION IS FOR WEST BENGAL, CALCUTTA STATE.
SUPPOSE I HAVE PURCHASED GOODS COSTING RS.100000/- BUT DURING THE QUARTER END
THE SALE DOES NOT AFFECT THAT GOODS IS
LYING IN STOCK MY QUESTION IS THAT WHETHER
I HAVE TO PAY VAT ON THAT STOCK AFTER QUARTER END LET ME KNOW BY HOW LEVY OF TAX
WILL PREVAIL (MY PURCHASE IS FROM OUTOF STATE)
05 May 2011
First of all if your purchase outof state then your are not required to pay VAT. CST will be charged there and it will become your cost.
But if purchase made within the state then you are not required to pay VAT on stock held by you and you can take credit of VAT which are form stock.
But if purchase made within the state then you are not required to pay VAT on stock held by you and you can take credit of VAT which are form stock.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2011
on purchase i have paid my cst tax
but if that goods are not sold
then i have to pay local vat or not
but if that goods are not sold
then i have to pay local vat or not
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