arjun prajapati
(Querist) 29 April 2011
This query is : Resolved
If we purchase a good from outside the state i.e exempt in that state , what we will treat it 1. Interstate Purchases 2. Purchase Exempt
similarly if we sales goods to outside the state which are exempt what we will treat it 1. inter state sales 2. sales exempt
R.Ramachandran
(Expert) 29 April 2011
Whether the goods are exempt or not will not determine the nature of the transaction. Therefore, the transactions will be inter-state purchase and inter-state sales respectively.
Guest
(Expert) 29 April 2011
Any goods moving from one state to another state can only be either inter-state purchase or inter-state sales, no matter whether tax-exempt or not.
M/s. Y-not legal services
(Expert) 29 April 2011
yes arjun sir.. inter-state purchase, inter-state sales is correct..
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