Vat query
zoya (student) (41 Points)
08 November 2014zoya (student) (41 Points)
08 November 2014
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 09 November 2014
The dealer who has obtained Mumbai based TIN no needs to get registered under CST Act, 1956.
He can issue an invoice after getting the registration. The rate applicable would depend upon whether the purchasing party is ready to issue C FORM or not
If ready to issue - Rate applicable = 2%
If not ready to issue - Rate applicable = rate applicable had the goods were been sold in mumbai.