Dear all
my company Purchase the material In andhra pradesh and Sale the Material The andhra pradesh. Bust Material Delivered The Karnataka. It is appliable the Only Local tax or CST 2% .
please clarified the above dout sir
Thanking you
G.O.REDDY
2 Replies
Maheshkumar Sharma
(CA)
(134 Points)
Replied 29 November 2011
Dear,
From the language, we presume that u have sold the goods to karnataka dealer.
Sales Tax/ VAT is on goods. The movement of goods is important for charge of Sales Tax. If the final destination is at karnataka where the goods are delivered then it is inter-state sale.
For practical accounting convinence, take the invoice from Karnataka dealer/party, where the goods are delivered.
If we assume that u have sold the goods to A.Pdealer, and who again sold it to Karnataka, then for u it is VAT sales.
Maheshkumar Sharma
(CA)
(134 Points)
Replied 29 November 2011
Dear
From the language, we presume that u have sold the goods to karnataka dealer.
Sales Tax/ VAT is on goods. The movement of goods is important for charge of Sales Tax. If the final destination is at karnataka where the goods are delivered then it is inter-state sale.
For practical accounting convinence, take the invoice from Karnataka dealer/party, where the goods are delivered.
If we assume that u have sold the goods to A.Pdealer, and who again sold it to Karnataka, then for u it is VAT sales.
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