Mp purchase invoice charge vat

This query is : Resolved

Yogesh Akulwar (Querist)
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13 March 2014 Dear Sir,

My firm in Nagpur, Maharashtra purchase PC from Indore (MP), but he charge VAT 5% in invoice instead CST.
How can I avail this Tax from other state.

Please advice....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 March 2014 You CANNOT claim Input credit of such tax. the seller may have wrongly mentioned VAT instead of CST.

Do not take credit of the tax.

Yogesh Akulwar

Yogesh Akulwar (Querist)
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24 March 2014 Dear Sir,

You mean to say I got loss of 5% Vat, I can't get benefit of this Vat.

Is there any way to get my Vat refund ??

Please Advice......

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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10 April 2014 You have NOT lost VAT. CST is applicable on inter-state purchases.

Credit of CST is NOT allowed. It is to be added to the cost of the material.

Accordingly when you compute the selling price of the product you will consider CST as a cost.

Yogesh Akulwar

Yogesh Akulwar (Querist)
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10 April 2014 Dear Sir,

means when I make accounting in my books, I have to take 2% CST & rest of computer cost. But how can issue c-form & how to process.

Regards
Yogesh