5% instated of 14.5%

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 January 2013 Dear all,
(from Andhra Pradesh)

i have CST and have purchased electrical items from tamilanadu with 2% tax

i sold that items in Andhra Pradesh and i collected 5% tax on that items(there is no input tax)

but few day back i came to know that there is 14.5% on that type electrical items

now my doubt is at which percentage of tax i have to pay to sales tax department?

please tell me

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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26 January 2013 You should raise supplementry invoice for collection of Additional differential amount of tax if it can be, but you mst discharge full applicable tax

CA Harish Suwalka

CA Harish Suwalka (Expert)
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27 January 2013 you have to pay tax @14.5% to the Govt., and can collect the same from the party by way of suppl invoice

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5% instated of 14.5%

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