Details regarding cst

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 ?

 

 

 

Replies (1)

CST can not be claimed as an input.  it will be treated like expenses.

You will have to pay CST on sales.

 

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