Central Purchase and Local Sales

Last updated at April 16, 2024 by

Suppose a dealer purchases goods from outside state and sells within state

 

 

Purchase

C LTD
Purchase 50000
Cst 2% 1000
  51000

Sales

Y LTD
Sale 60000
Vat 12.5% 7500
  67500

What is VAT/CST Payable

View Answer

 

 

Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.