Should Builders and Construction companies register for CST to avail 2% Tax for Materials purchased like Cement, Steel etc. for savings in cost.
Is it beneficial for builders to register??
Rahul Jain (Accountant) (316 Points)
26 October 2013Should Builders and Construction companies register for CST to avail 2% Tax for Materials purchased like Cement, Steel etc. for savings in cost.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 26 October 2013
Yes,it is benificial to have registration in VAT and CST,so that interstate purchases directly from manufacturers can be made at fair prices. While taking up registration under VAT and CST Acts the commoditities generally used for construction are to be declared in detail. This also helps for big builders to buy contrction machinery from interstate manufacturers using C form......mjk
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
