Vat @ 15% ?

This query is : Resolved 

27 May 2008 Hi,

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


28 May 2008 Thank you,

Is Gujarat gov raised their local tax? that is 12.5% to 15 % ( with out c-from)

chamy

19 September 2008 In case of Inter State Sales, CST is chargeable and not the VAT.

19 September 2008 In case of Inter State Sales, CST is chargeable and not the VAT.



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