This question was asked in Concept of C form

we do purchase in cst and sold in local (VAT) and inter state (CST) my question is how to adjust cst because cst is loss

sunil

July 25, 2016, 8:51 a.m.

Answers!

Davneet Singh

July 28, 2016, 12:21 a.m.

No input of cst purchases

We can Increase Selling price accordingly so that we do not suffer loss

If we purchase in cst of suppose 100000+2% CST

Our actual cost price is 102000

We have to sell it at more than 102000 otherwise we will suffer loss

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