Vat purchase and cst sale

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 %.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details