One of my supplier has submitted proforma invoice in that he is caliming VAT @ 15 % . This is intra state ( Delhi and orissa) supply. They are asking based on the oral announcement.
Is it right ?
Have we received any notification or Circular related to this?
27 May 2008
In your case the sale is under CST Act, 1956, the rate of TAx is 3% against C Form and local rate of the state in which the sales take place if without C form.
27 May 2008
YES SRI NILESH IS RIGHT. INTERSTATE SALE ATTRACTS 3% CST UNLESS THE GOVT. NOTIFIES CST @ 2%.(EXPECTED) VAT AS PER LOCAL STATE RATE WHERE THE SALES TAKES PLACE. EVERY STATE HAS ABOUT 3 TO 5 VAT SLABS. R.V.RAO
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