01 July 2013
Suppose a Trader bought certain goods for Rs. 29494.5(Basic 25000+ Excise 3090+ VAT 1404.5) and now he wants to sell the above goods to other state charging CST. At what rate should he sell the good to make profit of Rs 200 net?
29 July 2013
your input tax credit of Rs.1404.5 is an income for you, and hence if you sell to west bengal dealer against c form only 2% will have to be collected you can save 1404.50 plus rs.200 margin.
CAclubindia
