vinayak c. chavan (CPT passed) (1011 Points)
09 October 2012We are private limited company situated in Mumbai. If we are selling to a company situated in TAMILNADU then what tax will be applicable? Will it should be interstate CST sales?
T S D
( )
(236 Points)
Replied 09 October 2012
Yes. Sale within a state attracts VAT and inter state sale attract CST.
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 09 October 2012
yes CST would be attracted
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 09 October 2012
if the materials sent to tamilnadu, i.e taken place of destination outside of maharastra, then CST otherwise maximum rate of vat chargable as per state vat.
movement of materials to destination which is outside of state of origin is a mandatory clause for CST sales.
Gunjan Tulsyan
(Article)
(222 Points)
Replied 09 October 2012
Yes your sale would attract CST @ 2% if u r purchaser provides u with a C form..!!!otherwise CST would be at the rate of VAT applicable in that state..!!!
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 10 October 2012
agree with gunjan
vinayak c. chavan
(CPT passed)
(1011 Points)
Replied 10 October 2012
We are private limited company dealing in Software sales? Suppose we haev purchsae software for Rs.100 on 01.04.2012? But due to Goverment law changes our seller has charge Rs.20 for the same product as change in product price? seller has issued debit notes for Rs.20. So when we sales to customes we also issued denit note to our cistomer for Rs.20. My question is how to show this Rs.20 in our accounts as it related to purchase? What type ledger should I made under which hade? Currency I am using ledger as "Conversioon charges" under Purchase head. Am I right?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
