IF SELLING DEALER CHARGED CST 4 % ON TAX FREE GOODS THEN CAN PURCHASING DEALER ISSUED C FORM TO SELLING DEALER. WILL IT BE OBTAINED FROM SALES TAX DEPT. NOTE THAT THERE IS NO VAT TAX ON THIS PRODUCT BUT SELLING DELER IS SYING THAT HE WILL CHARGED CST AND HE REQ C FROM.
1 Replies
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 09 July 2012
No CST is not applicable on an Interstate sale, if that product is an exempt product. C Form will not be issued by the department in that case. Even if it is issued, the dealer in whose name it has been issued will be considered as mis-utilisation of form and will attract penal provisions.
Recent Topics
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
Related Threads
CAclubindia
