Please Help: cst different rate
Posted Date : 24-Apr-2012 , 02:30:25 pm | Posted By sourabh mehra
IN A CO, there are inter-state purchases,
in some bills cst charged is 2% and in some bills cst charged is 12.5% and in some bills 5%, but we have given our tin no. to all the 3 parties
how it is possible, is it possible under which provisions?
in some bills cst charged is 2% and in some bills cst charged is 12.5% and in some bills 5%, but we have given our tin no. to all the 3 parties
how it is possible, is it possible under which provisions?
Category : VAT | Answers : 2 | Comments : 0 | Hits : 411
Answers
Answer By: Vikash Kumar Jha
Dear Sourav, these are condition
if sale against form c then 2% tax,if )
In respect of sale against ‘D’ form, actually, D from cannot be issued in respect of purchases by Government on or after 1-4-2007. Hence, CST rate is 12.5%
In respect of sales against in C forms, tax liability is as follows : (a) Xerox copy is not acceptable. Hence, CST payable on sale is @ 12.5%.
CST rate on sale to unregistered dealers will be 12.5%
Hope, this answer as per your expectation.
if sale against form c then 2% tax,if )
In respect of sale against ‘D’ form, actually, D from cannot be issued in respect of purchases by Government on or after 1-4-2007. Hence, CST rate is 12.5%
In respect of sales against in C forms, tax liability is as follows : (a) Xerox copy is not acceptable. Hence, CST payable on sale is @ 12.5%.
CST rate on sale to unregistered dealers will be 12.5%
Hope, this answer as per your expectation.
Answer By: Rishabh Upadhyay
Such a case in possible in two situations, either the purchaser has not declared to the seller that he is a registered assesse and asked for a lower rate f sale tax,, or the seller has issued an invoice with higher tax rate so as to avoid inconvience in arranging FORM C ate the time of annual return
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