HELLO,
A PRODUCT "A" IS WHOLLY EXEMPT FROM PAYMENT OF VAT UNDER STATE VAT ACT.
WILL IT BE LIABLE TO CST FOR INTER STATE TRADING??
PLZ REPLY.
Aditya Sharma (finance advisory) (377 Points)
30 May 2015HELLO,
A PRODUCT "A" IS WHOLLY EXEMPT FROM PAYMENT OF VAT UNDER STATE VAT ACT.
WILL IT BE LIABLE TO CST FOR INTER STATE TRADING??
PLZ REPLY.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 30 May 2015
No if any item is exempt from VAT then no CST too on such item