how to sell item??

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syed sajid syed (Querist)
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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)
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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)
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12 February 2017 not getting

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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)
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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)
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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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