Please help me to know the following things regarding Punjab Vat:
QUERY NO.1: CST sale against form C is 2%, without form C is 5.5%. Whether the 5.5% is to be deposited in State's vat treasury or should it be deposited in CST. The reason for this doubt is: When we know a customer is from another state (without TIN) we know it is CST sale without form C. But when we do not know where the customer will take the goods (like Scrap purchasers) then...?
QUERY NO.2: Vat in Punjab is 5% + 10% surcharge on vat. Whether this surcharge is to be deposited using any different challan or it should be deposited as earlier with VAT-2 and VAT-2A challans.
QUERY NO.3: Under new form VAT-23 & VAT-24 a new column is added where the stage of supplier (1st, 2nd, 3rd or 4th stage) is to be mentioned. How can we determine that the supplier / purchaser belongs to which stage.
23 April 2010
without c form u have to pay 5.5% as a cst deposit. there is no provision for separate deposit of service tax if u are manufacturer then u should show the sales as ist stage&purchase as 2 stage.in other case u can shown the sales 2nd &purchases as 3rd or 4th stage.on which u have not eligible for input tax credit u can shows as 4th stage purchase.
Thanks for your help. Please elaborate on stages of supplier.
We are manufacturer & supply our products (conveyor belts)to machinery manufacturer & other food, etc. manufacturers who install our products on their machine. So what is the our stage.
We purchase raw materials from manufacturers, traders & hardware shops. So what is the stage of our suppliers.
In your above reply i.e.; "there is no provision for separate deposit of service tax", i hope you mean to say surcharge & not service tax.
CAclubindia
