hello freinds,
i need to know that if we are having exemption under cst act then do we have sumbit nay forms for that????...
9 Replies
Ramesh Kothari
(Manager-EOU commercial)
(161 Points)
Replied 24 November 2007
this depend upon the product listed in the act u vh not mentioned the product name
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 25 November 2007
I dont think there is any exemption under CST Act, perhaps u are talking about state exemption of CST. You will have to issue "C" form, in case of purhase during interstate trade & commerce. As regrads sale in course of inter state trade & commerce is concerned, as per act, you should obtain C Forms.
As we know, CST is charged at higher rate(subject to few items havuing lower VAT rates .......) if dealers fails to obtain C forms. If u are availing unlimited exemption, you are not going to incurr any loss due to your failure in getting C forms. But, if your exemption is having some limits, while calculating your notional tax liability, CST may be calculated at a higher rate.
As we know, CST is charged at higher rate(subject to few items havuing lower VAT rates .......) if dealers fails to obtain C forms. If u are availing unlimited exemption, you are not going to incurr any loss due to your failure in getting C forms. But, if your exemption is having some limits, while calculating your notional tax liability, CST may be calculated at a higher rate.
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 27 November 2007
I can not get your question.. it is confusing.... Under which section of CST Act.. you are exempted? Please resubmit your query with details- so that proper discussion can be made thereon.
Ruta
(Article)
(22 Points)
Replied 23 March 2009
for sales
suppose i am the seller and am issuin the sale invoice to the buyer who has issued C form..so is there any exceptions in such case where CST is not applicable/nil.?
Is silvassa exempted from the payment of CST/VAT even if there is interstate sale and C form is issued?
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 21 June 2012
DILLIP ROUT
(Deputy Manager)
(37 Points)
Replied 01 March 2016
Dear Sir,
We from Chennai, Taminadu, purchased from a Vendor in Daman. Vendor has not charged CST since he has exempted sales.
Whether we need to issue C forms to the Vendor, though he has not charged CST in his Invoice???
Best Regards,
Dillip Rout
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 10 March 2016
Yes yu have to issue C Form to the supplier at Daman, as the area is exempted from charging CST.
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
