Usha (Asst. Manager - Finance ) (29 Points)
08 January 2010Hi,
Can onyone help me in this regard :
We are going to purchase some material from
Same material will be supplied to a party at hosur, Tamilnadu (Interstate)
Party is not agree to Issue C Form
2- Can I charge 4% VAT on Interstate Party without C Form
3- Can I adjust the collection of VAT towards sales to Interstate Party with Input VAT 4% and 12.5%
Kindly help me in this regard
Naresh Reddy
(CA,Final)
(123 Points)
Replied 08 January 2010
Hi, for above question i need some clarity, for that actuallly where are you from..?
If u r from thamilnadu there is on option to u ,or from Karnataka there is another option to u ! so that where r u From?
Naresh Reddy
(CA,Final)
(123 Points)
Replied 08 January 2010
Hi,
If u r from bangalore u can take VAT as input credit
without C forn u can not cliame vat as cst so u should take C form from Party if not u can not take input credit
RAJU
(LEARNER)
(1089 Points)
Replied 08 January 2010
Hi,
1) Yes. Input tax can be availed.
2) If the party is not ready to give Form-C, local rate will be applicable. Hence, you can charge CST at 4% as local rate is 4%.
3) Yes. There is no restriction in KVAT Act with regard to adjustment of input tax 4% from 12.5% and vice versa. You are eligible to claimed the input tax (whether paid at 4% or 12.5%) from your total tax liability which may consist of CST or VAT at different rates.
Regards
Dharmaraju
dear usha ur question is not so clear but if you are purchasing from same state you can take input but if from other side u cant .. and if you selling goods to other state but they are not providing you c form then u charge the vat rate which is in ur state
another thing we can adjust vat input from our cst liability and also we can adjust vat from different rates like output12.5% with input 4%. hope this solve ur problem
ravi sawna
(article assitant)
(37 Points)
Replied 10 January 2010
no you cant claim vat input on interstate purchase. and the issuance of c form is compulsory in case of purchase from another state.
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Survey, Search and Seizure under Income Tax Act 1961
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