Intermediaries like agents and transporters are not required to be registered, since they do not affect sales. Registered dealers can purchase goods at concessional rates by issuing the C Form.
Rate of Central Sales T ax. Different rates are prescribed depending upon the nature of inter-state sale such as:. Sale to registered dealers. Sale to unregistered dealers.
CST rates to various categories are discussed below:. Sale to Registered Dealers. The Purchasing dealer has to submit the declaration in the prescribed C Form to the selling dealer. Sale to Unregistered Dealers. Form C. Otherwise, the tax is higher, i. This concessional rate is applicable only if the purchasing dealer submits a declaration in prescribed C Form. One C Form covers all the transactions in a whole financial year, irrespective of the total amount or value of transactions during the year.
However, for transactions exceeding one financial year separate C Form is required for each financial yea r. Forms E1 and E2. According to Section 6 2 of the CST Act, only the first inter-state sale is taxable and the subse- quent sale during movement of goods by transfer of documents is exempt from tax, if the purchas- ing dealer is a registered dealer.
The s u bsequent sellers have to ob t ain a declaration in C Fo r m from the dealers who sold them the goods. The selling dealer has to make a declaration in E1 Form in case of the first sale and E2 Form in case of subsequent sales. Goods when transferred from one place to another under the same principal, is known as Branch T ransfer and when it is transferred to agents, it is termed as Consignment Sale.
Here the dealer has to furnish a declaration in F Form received from the consignment agent or branch office in another state to prove that the interstate movement of goods is not a sale. One F Form covers all transactions in one month, irrespective of the number of transactions and the total amount.
The dealer exporting the goods must have documents in proof of export such as an airway bill, bill of lading, shipping bill, customs docu- ments, bank certificate etc. However, if the penultimate seller is not having any proof evidencing that the sale is exempt, the actual exporter is required to issue a certificate in H Form to the penultimate seller.
S pecial Economic Zone SEZ is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations, duties and tariffs. All efforts are made to keep the content of this site correct and up-to-date. But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. The visitors may click here to visit the web site of Income Tax Department for resolving their doubts or for clarifications.
What are the conditions for CST Act to become applicable. Leads to movement of goods from one State to another State.
You may also like When you complete your registration, you'll receive your digit sales tax account number and your Sales Tax Certificate of Registration Form ST Be sure to save both.
Your certificate must be displayed prominently at your registered location. If you need an additional or replacement copy, you can print one through your Business Online Services Account. If you don't have an account, enroll here. You can also get a copy by calling Customer Services at Based on your tax liability, we'll determine your filing frequency - either monthly or quarterly.
Returns are due on the 20th of the month following the close of the filing period. Quarterly filing periods end March 31, June 30, Sept. We may change your filing frequency based on your tax liability. If we change your filing frequency, we'll send you a letter notifying you of the change prior to the effective date. There are several different ways to electronically file and pay your sales tax. If you are unable to file and pay electronically, you must submit an electronic filing waiver request.
In-state marketplace facilitators that are unable to associate an order with a physical place of business in Virginia may use destination-based sourcing to determine sales tax rates. Dealer Discount : If you file and pay the amount owed on time, the dealer discount allows you to keep a portion of the tax collected. The discount is not allowed on the local portion of the tax.
Direct Payment Permits are typically issued to manufacturers, contractors, or mine operators that store tangible personal property within the Commonwealth for use both in and outside of Virginia.
A Direct Payment Permit allows eligible companies to purchase goods without paying the sales or use tax at the time of purchase. These companies agree to pay the tax due directly to Virginia Tax, and allocate the local tax so that no county or city will lose any revenue.
Businesses who meet the qualifications set forth in Va. If approved, you will file Form ST The minimum penalty applies to late returns even if there is no tax owed. The consumer's use tax applies to tangible items used, consumed, or stored in Virginia when the Virginia sales or use tax was not paid at the time of purchase. Parivad Module. Employees Information System. Daily Collection Report.
Monthly Meeting Module. Network Complaint System. Training Center. Dealer Services. Online Grievance Redressal System. Deemed Assessment Status and order. Search Commercial Tax Officers. Ease of Doing Business. List of Cancelled Dealers.
Online Amendment in Registration. Guidelines For Form 52, 52A, 52B. E-Return Filing Guidelines. Form24 Guidlines. FormC Guidlines.
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