CST ACT

Avnish Saxena (Accounts Manager) (25 Points)

26 June 2010  

Dear sir,

I am working in a trading house in delhi handling the responsibilities of sales tax . I am faceing the problem in filing the vat return .

My company is importing the material and making sale on bond transfer basis. in this sale material import from out side of  India under one Bill of Lading ,can be stored in bonded wherehouse and can be sale partly  direct from bonded wherehouse. under this sale the custom duty will be paid by the purchaser.and sale tax is also exempted on this type of sale.

Now I am faceing the problem that under which act , I should file this sale

already i am filing the same under exempted sale under section 8 ( 5 ). for which our VATO is objecting saying that the same is not covered under this act.

This sale is similer to Highseas sale but in case of Hiseas sale  full material of one bill of lading can be transfer to one buyer only. whereas in case of bond transfer sale material can be supply to different parties against one Bill of lading.

Please resolve my problem

Thanks.

Regards

Avnish Saxena