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 selling.
can i show Nil taxes in my sales bill .
Clarification on VAT for Transactions in Maharashtra Without Local Registration; ITC Calculation and Reversal Guidance Sought A user from Gujarat with VAT and CST registration inquired about the validity and tax implications of a transaction involving buying and selling materials within Maharashtra without VAT registration there. A respondent noted that no state can levy VAT on transactions not related to it, implying the transaction isn't taxable in Gujarat. The respondent also suggested the user should have documentation to support the transaction's nature. Another participant requested guidance on calculating Input Tax Credit (ITC) and reversing credit for various types of sales, including exempted and interstate sales. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
