Suppose A(dealer) purchases certain goods locally paying VAT-
Vat purchase and cst sale
Rahul Jain (Accountant) (316 Points)
30 June 2013Rahul Jain (Accountant) (316 Points)
30 June 2013Suppose A(dealer) purchases certain goods locally paying VAT-
Rashid Imam
(Officer (Indirect taxation))
(296 Points)
Replied 03 July 2013
Basic Value = 28290/-, CST @ 5% = 1414.50..
Dealer have to dischage Balance tax of Rs. 10/- (i.e. Output Tax 1414.50 - Input Credit 1404.50)
his net profit will be Rs. 200/-
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)