17 January 2012
A & Co., of Hyderabad is in the business of Laptop sales. It purchased 10 laptops from D & Co., of Chennai for Rs. 4,02,000/- including CST @5%(Rs.19,143) Now A & Co., sold these laptops to P & Co.,Hyderabad for Rs. 4,32,000/- including VAT @5% (Rs.20,568). My question is how to consider VAT in this case? Please advise. thanx in advance.
CAclubindia
