One of the businessman is in the business of the trading of commercial vehicles.(dumper , trucks etc.).He purchases the such commercial vehicles from other states(inter-state) and sale the same in intra-state(with in Gujarat).
There is some confusion thet whether the CST and VAT will be levied and collected under CST Act and Gujarat VAT ACt?
Om purchase of Dumper the dealer will bear the charge of CST/ VAT of concerned state. On selling the dumpers VAT as applicable in Gujarat will be levied.
Gujarat vat only
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
Pro
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