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

 

 

  1. Tax Practical
  2. Practical VAT CST

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .