Taxability under MVAT of goods purchased from other state un
This query is : Resolved
26 February 2010
How is the Tax calculated on Goods purchased under MVAT by issuing C Form
For Example -
Purchase Price of article is Rs. 102
(Inclusive of Rs 2 CST)
Selling Price of the article is Rs. 104
(Inclusive of MVAT)
Whether the dealer is liable for MVAT on RS. 104 or on the difference i.e on profit of Rs. 2 as the dealer has purchased the goods from other state by issuing C Form
For Example -
Purchase Price of article is Rs. 102
(Inclusive of Rs 2 CST)
Selling Price of the article is Rs. 104
(Inclusive of MVAT)
Whether the dealer is liable for MVAT on RS. 104 or on the difference i.e on profit of Rs. 2 as the dealer has purchased the goods from other state by issuing C Form
28 February 2010
You cannot take set off of CST Paid
In your case you have to pay VAT of Rs.4 (assuming your goods are taxed at 4%in M.S)
In your case you have to pay VAT of Rs.4 (assuming your goods are taxed at 4%in M.S)
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