Dear Sir,
I am from Chennai, Tamilnadu. I have purchased adhesive tapes from other state for 1.5% CST.
I have sold the same goods to a local buyer for 5%. They dont have the TIN number. They have only Service Tax Registered.
The commodity code is 303 - 14.5% tax is applicable.
Since they are the end users, I charged 5% as VAT.
Now, I got a notice from Commercial Tax office to pay the remaining 9.5%....
Was I correct , or Should I pay the 9.5% out of my pocket?
Please clarify..
Thanks,