Check sibling questions

In case,there are both Vat and CST Sales and purchases,

Both Vat and CST are separately computed

 

Case 5

Purchases

A LTD   C LTD
Purchase 40000   Purchase 50000
Vat 5% 2000   Cst 2% 1000
  42000     51000

Sales

 XLTD   Z LTD
Sale 60000   Sale 120000
vat 5% 3000   Cst 2% 2400
  63000     122400

What is  vat and cst payable?

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Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.