22 January 2011
Dear Experts, I have purchase Utensils 3000 No.@Rs.250 = Rs.750000 + Packing,forwarding & postage Rs.74561 = Rs. 824561 + CST@2% Rs.16491 = Rs. 841052 I received all bills.
now i saled all 3000 No.@Rs.500 (including VAT & Forwarding,postage,Transporation Exp.)= Rs.15,00,000/- in my state my state rate for utensils is 4+1%=5%
How much VAT & CST I have to Paid against these purchases? How much I can reduced my VAT ? please help me
CAclubindia
