how to sell item??

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This query is : Resolved

syed sajid syed (Querist)

12 February 2017 suppose i purchase walking aid at 400 rs from other state by paying cst 2% now i want sell it to wholeseller at 440 rs so is there i have to add plus 13.5% in 440 rs?? also how much tax i have to pay to government no?? also if i purchase at 400 with cst 2% but if sell to customer directly at 500+13.5% now how much tax i have to pay to gov??

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

12 February 2017 Whatever VAT you collect on sale price, you are liable to pay VAT, CST Purchase You will not get input,

syed sajid syed

syed sajid syed (Querist)

12 February 2017 not getting

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

12 February 2017 You have to pay whatever VAT collected Rs.440*13.5% and Rs.500 *13.5%. Rs.59.40 and 67.50 respectively.

syed sajid syed

syed sajid syed (Querist)

12 February 2017 see there are 2 cases first 1) i purchased from other state 400+2% cst and sold to wholeseller in my state at 500+13.5% now what is vat amount also is there any setoff?? case 2) same i purchased from other state 400+2% cst and now sold to end user or customer at 500 +13.5% now whats about vat and setoff??

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

12 February 2017 Both the case VAT To be paid Rs.67.50 no input CST set off available if you sell locally or outside the state.

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