02 November 2011
VERY URGENT : I am placing a situation given below :
Situation : Product manufactured in Gujarat where VAT Rate is 5%. Intially Producer has stock transferred product to his consignment stockist at Delhi against Form'F'. Later, same product has been sold in Gujarat as CST Sale against 'C' Form.
My Queries are :
1. Whether CST Law or VAT law / rule / procedure allowed this system or not ?
2. Is there is any possibility of doing sale in this way, kindly give the way ?
3. What will be implication if sales will be done in the above way ?
CAclubindia
