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Hire Purchase-CST and TDS

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....ire Purchase-CST and TDS<br> Query (Issue) Started By: - Binu Karuthedath Dated:- 31-3-2016 Last Reply Date:- 31-3-2016 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Sir one registered manufac....

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....turer with KERALA VAT , they have to decided the hire purchase of the laser printing machines from Maharastra . They also MH VAT dealer . Can we show this item in KVAT ?and can we issue C Form for the....

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.... same? . What is the accounting effects in dealer Books .is this transaction is TDS applicable as per IT . Reply By Ganeshan Kalyani: The Reply: Sir, I understand from your query that you are intend....

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....ing to purchase on lease basis the printer from Maharashtra VAT dealer. Also you have Maharashtra VAT registration. Can this transaction be shown in your Kerala Books. This is your query. Please corre....

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....ct if it is incorrect. My view: you (being Kerala dealer / manufacturer can purchase the printer on lease basis from Maharashtra dealer against Form C. CST@2% shall be levied on the invoice. Since th....

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....is is on lease basis every month or after a particular time period as per your agreement the lease rental would be charged on you. Thus TDS shall also have to be deducted. Thanks.<br> Discussion Forum....

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