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Interstate purchase and interstate sale-tax liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2013 I am a vat registered dealer in m.s.
I have following question

1. If I do a OMS purchase of a "xyz" item as follows
basic price: rs.100
Add : cst @ % against c form: rs. 2.00
Total: Rs. 102.00

2. The above item I sell OMS sale
Basic price: rs. 120.00
Add: cst @ 2 % against c form: rs. 2.40
total : rs. 122.40

what will be my sales tax liability in above transaction ?

rgds,
Raghu
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CA Kapil Verma

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CA Kapil Verma (Expert)
07 June 2013 Cst liability is rs 2.40/-


as no credit of CSt is available.

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