Can goods purchased on vat be sold to another state at 2% cst ?
This query is : Resolved
22 October 2015
Dear Members,
I have purchased Goods which includes VAT @14.5% on a Tax Invoice.
Question 1. Can I sell these goods to a business in another state by Tax Invoice by paying CST @2%?
Question 2. What's the process of Interstate Sales by Tax Invoice @2% CST?
Question 3. Can the Balance VAT of 12.5% from 14.5% paid at the time of purchase of Goods be reimbursed?
I have purchased Goods which includes VAT @14.5% on a Tax Invoice.
Question 1. Can I sell these goods to a business in another state by Tax Invoice by paying CST @2%?
Question 2. What's the process of Interstate Sales by Tax Invoice @2% CST?
Question 3. Can the Balance VAT of 12.5% from 14.5% paid at the time of purchase of Goods be reimbursed?
CA AnKiT BoHrA (AB)
(Expert)
22 October 2015
Yes you can sell good purchase on vat as cst sales
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