Vat purchase and cst sale

Others 1698 views 2 replies

Suppose A(dealer) purchases certain goods locally paying VAT- 

Basic Rs. 25000 
Excise(12.36%) Rs.3090 
Input VAT(5%) Rs.1404.5 
Total Paid Rs.29494.5 
 
Now A wants to sell the above goods to other state at CST and make Rs.200 net profit after payment of taxes and input credit. How will he account for it?

 
Replies (2)

Basic Value = 28290/-, CST @ 5% = 1414.50..

Dealer have to dischage Balance tax of Rs. 10/-  (i.e. Output Tax 1414.50 - Input Credit 1404.50)

his net profit will be Rs. 200/-

Sir, but CST rate is 2 %.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details