Payment of tax

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siva (Querist)
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22 March 2012 i have a doubt in payment of vat.

i am a dealer staying at TamilNadu and registered under TNVAT. i purchased some goods from Vadodra by paying CST @ 2%. i sold the goods to a person at TamilNadu by raising an invoice with VAT @ 5%. i am going to issue C Form to the person to whom i purchased goods. my threshold limit is less than 10 lakhs. should i need to pay vat?

ANANDAKUMAR

ANANDAKUMAR (Expert)
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23 March 2012 U/S 10 of Act, there is no threshold limit if purchase from Interstate dealers against C Form. So, you have to pay VAT at the rate specified in Act.