QURERY ABOUT LEVY OF TAX, VAT + CST

[Amit Bhardwaj]

hello.sir...... i have an query about cst. mr.A(delhi) goods purchased from mr.B(U.P) with "c" form. and stock transfer to its branch in HARANA. but haryana branch fail to give form "f" to mr.A. NOW officer of mr.A said that u should deposit tax as per vat rate. now issue is that plz suggest we should deposit tax or not and if deposit then how can we calculate tax amount and in which amount because we r not doing any sale and there is no transection in between of mr. a and brach. as per cst act 1956 and vat act tax shall be charged on amount payable but in this case there is no sale.... plz tell.......... regard amit bhardwaj 7428296061
 

Posts / Replies

[Pradeep Khatri]

Dear Amit,

In case, F form is not submitted, then, tax under CST Act, 1956 read with respective State's VAT Laws would be applicable. Tax would be payable as per the classification of goods i.e. under which taxable schedule of the VAT Act it falls on the taxable value which is charged on the Invoice.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)