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TMI Blogtax payment and validity of transactionX X X X Extracts X X X X X X X X Extracts X X X X ..... dear sir, we are based out of gujarat having VAT registration for gujarat region only and also having CST registeration. i have done recent transaction buying mtrl .from Maharashtra and also sold in Maharastra without bringing the material to gujarat., i am not having VAT registration in Maharastra. is this valid transaction ?? if yes what taxes will come in picture in both buying and selli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng. can i show Nil taxes in my sales bill . - Reply By CA. Surender Gupta - The Reply = As per my limited knowledge of VAT laws, no state can levy sales tax / VAT on transaction not occurred to related to the the concerned state. In your example, as a layman, I would say the transaction is not taxable in Gujarat at all. But, what the document / proof you have to prove the same? Was it a cash ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purchase, or delivery to a place located within Maharashtra etc. etc. which you may need to answer to address the issues that may arise for determination of the nature of transaction. - Reply By vasanthi siva - The Reply = Dear Sir, We are doing exempted sales (CT3 forms) labour sales and local vat sales (5 percent ) and Interstate (cst 2 percent ) sales. can you please explain us how to c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alculate ITC and how to arrive reversal of credit. Please explain us. Thanks vasanthi - tax payment and validity of transaction - Query Started By: - anish shah Dated:- 25-4-2014 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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