26 February 2010
How is the Tax calculated on Goods purchased under MVAT by issuing C Form
For Example - Purchase Price of article is Rs. 102 (Inclusive of Rs 2 CST) Selling Price of the article is Rs. 104 (Inclusive of MVAT)
Whether the dealer is liable for MVAT on RS. 104 or on the difference i.e on profit of Rs. 2 as the dealer has purchased the goods from other state by issuing C Form
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