Purchase interstate without c form

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Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2013 I have purchase inteerstate without C Form & he Charge higher rate, Can I Take input of that Higher rate

CA Vikas Acharya

CA Vikas Acharya (Expert)
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29 April 2013 no you can't, input of only local purchase can be taken.

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2013 but i am purchase on higher rate with interstate purchase

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CA Vikas Acharya

CA Vikas Acharya (Expert)
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29 April 2013 yes i hv read that in ur query, higher rate is charged because u dint provide form c to seller, but still vat credit not allowed.

reason: if u purchase local item, vat on purchase goes in local govt's pocket thats y they provide credit, but when u purchased interstate, vat on purchase went to that state govt's pocket and that govt will not give you credit because u will not ultimately pay tax to that govt., cz u will pay sale tax to your local govt.

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