Interstate purchase and interstate sale-tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2013
I am a vat registered dealer in m.s.
I have following question
1. If I do a OMS purchase of a "xyz" item as follows
basic price: rs.100
Add : cst @ % against c form: rs. 2.00
Total: Rs. 102.00
2. The above item I sell OMS sale
Basic price: rs. 120.00
Add: cst @ 2 % against c form: rs. 2.40
total : rs. 122.40
what will be my sales tax liability in above transaction ?
rgds,
Raghu
I have following question
1. If I do a OMS purchase of a "xyz" item as follows
basic price: rs.100
Add : cst @ % against c form: rs. 2.00
Total: Rs. 102.00
2. The above item I sell OMS sale
Basic price: rs. 120.00
Add: cst @ 2 % against c form: rs. 2.40
total : rs. 122.40
what will be my sales tax liability in above transaction ?
rgds,
Raghu
CA Kapil Verma
(Expert)
07 June 2013
Cst liability is rs 2.40/-
as no credit of CSt is available.
as no credit of CSt is available.
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