hi friends ,
i came to know from reliable sources that
if we buy something @ 4 % against C form
we can make inter state sale of that goods against C form at 2%
but problum is this i m not able to find this provision in the Act
can anybody help me where i can find this provision
is it in the Act or Rules or circular or notification or case law or it is an interpratetion of the law
regards
CA. nitin kumar
New delhi
Dear friend,
Please note, when you purchase from interstate @ 4% against "C" form, you have to
charge full tax if you sell the same in your state, like that you have to charge @ 4%
CST against "C" form ( if no c form full tax ) if you sell the same at outside the state..
Thanks & Regards,
MANJUNATH
CAclubindia
