Dear All,
I have purchased a Tourist vehicle from Madyapradesh with C Form Billing of 2% CST and i paid 12.5 % Entry Tax for TN Govt. Now as i want to resell that vehicle, can i collect the CST 2% and As well as 14.5% VAT from Customer. Pl Clairfy me. Since already i paid 2% as CST in C form Billing, and again 12.5% as ET to TN Govt. But my friends are saying that after sales of vehicle i have to pay 14.5% TN vat. (Balance of 2%, from 12.5% Entry Tax) is it so?
Clarification Sought on CST and VAT Application for Resale of Tourist Vehicle Purchased with C Form An individual purchased a tourist vehicle from Madhya Pradesh using a C Form with a 2% CST and paid a 12.5% Entry Tax to the Tamil Nadu government. They seek clarification on whether they can collect 2% CST and 14.5% VAT from a customer when reselling the vehicle. One response explains that taxes paid on purchases do not affect sales tax; local VAT must be applied according to the state schedule. Another response questions the legitimacy of purchasing a tourist vehicle with a C Form under the CST Act, suggesting further clarification is needed. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
