Industry & Economy
-
Taxation
1% CST on inter-state sale of readymade wear to stay in Bengal
Our Bureau
Kolkata
,
April 7
THE Central Sales Tax (CST) rate will continue to remain at 1 per cent with the C-Form for inter-State sale of readymade garments in West Bengal even after the introduction of value-added tax (VAT) till further amendments are announced.
Mr N. K. Sarkar, Additional Commissioner, Commercial Taxes and Public Relations, Government of West Bengal, announced this at an interactive session on the impact of VAT on readymade garments organised by the West Bengal Garment Manufacturers and Dealers Association here.
He said that the C-Form will continue and the input tax paid for local purchase can be adjusted against CST for inter-State sale.
Dealers may use their own format for tax invoice, "but it must contain information prescribed under the VAT Act, and in order to get tax credit against the input, the dealer must maintain his ledger properly." Mr Sarkar clarified that dealers can charge VAT after deducting trade discount, if it is allowed to the purchasers for sale of goods. The manufacturers have to pay Purchase Tax for the purchase of material from un-registered dealers.
According to Mr Sarkar, the Composite Scheme for a dealer having a turnover between Rs 5 lakh and Rs 50 lakh is meant for the re-seller and not the manufacturer.
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
