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Query regarding vat

Neha Jhanwar (article) (103 Points)

19 March 2015

A Trader of rajasthan puchases good from trader of delhi. trader of delhi not registered under vat. what provisions of vat applicable on trader of rajasthan on this purchase , whether chargeble to vat or cst

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sesha (accounts executive) (1101 Points)
Replied 19 March 2015

on this case delhi trader want to have valid tin no then we can purchase material against c form for that rajasthan delaer want issue c form to dealer in delhi( if delhi dealer is registered tin no then cst law will be appicable, but the issue the delhi dealer has no vat tin no for that the purchase should be consider unregistered dealer and full tax rate is applicable for the commodity delhi dealer has made sales. it is unregistered purchases

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Neha Jhanwar (article) (103 Points)
Replied 20 March 2015

it means in this case vat rates as in state of delhi are applicable on purchase from delhi?

sesha (accounts executive) (1101 Points)
Replied 20 March 2015

Delhi Value Added Tax Act, 2004-Schedule Schedule No. Descripttion Schedule I List of Exempted Goods Schedule II List of Goods Taxed at 1% Schedule III List of Goods Taxed at 5% Schedule III Part A List of Industrial Inputs Taxable at 5% Schedule III Part B List of Capital Goods Taxable at 5% Schedule IV List of Goods Taxable at 20% Schedule V List of dealers exempted from paying tax on sale of goods Schedule VI List of organisations who can claim refund Schedule VII List of non-creditable goods General Category Goods not specified in any other schedule taxable @ 12.5%