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Cst vs vat calculation query
Dear Sir/Madam,
I have purchased two wheeler vehicle with 14.5% vat and sale it at Local market and out of state.Suppose: Price of Vehcile Rs.60,000 and Vat 14.5% =Total Sale Price to Local Market Rs.60,000+Rs.8700 =68700/- and if it is sold to other state with CST ,how to calculate PRICE charged this goods to Customer( against C FORM AND without C FORM) PLEASE expain the calculation..and also there is any difference between PRICE TO LOCAL customer and to other state customer?? Please kindly reply as soon as possible.
Replies (1)
As per My knowledge:
With C Form: Sale price would be Rs. 61,200/- (Rs. 60,000/- + 2% CST).
Without C Form (Assumed Applicable Rate 4%): Sale Price would be Rs. 62,400/- (Rs.60,000/- + 4% CST).
With C Form (Assumed Applicable Rate 1%): Sale Price would be Rs. 60,600/- (Rs. 60,000/- + 1% CST).
Please correct me if I am Wrong.
Regards
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