Hi, guys..have a doubt in tax calculation...A man who lives in Gujarat sells his goods worth Rs.1,00,000/- in Gujarat and goods worth Rs.2,00,000/- in Mumbai. Now how much VAT or CST is to be paid by him in Gujarat and Mumbai???
4 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 17 June 2017
Taxable at state rate. However if C form is issued by purchaser in case of interstate sale then at state rate or 2% w.e. is lower.
shreya singal
(student)
(297 Points)
Replied 18 June 2017
I have a CST return in my hand. In that tax is charged at 14.5%. Does that mean form C is not issued?
shreya singal
(student)
(297 Points)
Replied 18 June 2017
I have a CST return in my hand. In that tax is charged at 14.5%. Does that mean form C is not issued?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 June 2017
Yes no C form is issued in this case.
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