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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 ..... tax payment and validity of transaction X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 selling. can i show Nil taxes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te. 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 purchase, or delivery to a pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 calculate ITC and how to arrive reversal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of credit. Please explain us.
Thanks
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