HAI SIR,
I AM NEW TO THE ACCOUNTS AND TAXATION
I HAVE SOME DOUBTS REGARDING CST/TIN
Q. IF 'Mr. X' IS A TIN/CST DEALER IN ANDHRA PRADESH HAS PURCHASED A PRODUCTS FROM KARNATAKA TIN/CST DEALER FOR 100/- AND PAID 14% TAX SO TOTAL IS 114/- AND SELLES THE PRODUCT TO THE CUSTOMER IN MAHARASTRA FOR 150/- (inclusive of tax). THEN HOW MUCH AMOUNT Mr.X HAS TO PAY AS TAX IN A.P.? WHETHER HE CAN CLAIM THAT 14/- TAX WHICH HE HAS PAID IN KARNATAKA ?
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