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CST, Entry Tax & VAT
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....ST, Entry Tax & VAT<br> Query (Issue) Started By: - Muralidharan J Dated:- 22-2-2016 Last Reply Date:- 24-2-2016 Other Topics<br>Got 3 Replies<br>Indian Laws<br>Dear All, I have purchased a Tourist v....
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....ehicle 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. P....
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....l 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....
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.... 12.5% Entry Tax) is it so? ​ Reply By Ganeshan Kalyani: The Reply: The taxes paid on purchases does not form a criteria for levying taxes on sales. you have purchased interstate by paying CS....
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....T@2% against form C. But while selling locally you have to apply the local taxes applicable to that product as per the state VAT schedule. There is no other formula that to check the respective schedu....
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....le entry of VAT Act. Reply By YAGAY AND SUN: The Reply: Can a tourist vehicle be purchased against Form C under CST Act, 1956 read with the CST (Registration and Turnover) Rule, 1957? Reply By Gane....
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....shan Kalyani: The Reply: Logically not. The querist is requested to substantive how he succeeded in issuing Form C. Awaiting his revert to comment further. Thanks.<br> Discussion Forum - Knowledge Sha....
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....ring ....