TNVAT ITC reversal for CST 2% sales – VAT – CST – GST
Query (Issue) Started By: – selvakumar J Dated:- 19-7-2014 Last Reply Date:- 23-7-2014 VAT + CST
Got 2 Replies
VAT / Sales Tax
Dear All
ITC Reversal of CST sales formula given by our CTO is =(ITC*cst sales/total sales )*(3/5or 14.5 applicable). in My doubt is Total sales = 5%+14.5%+Export sales+ CST 2% sales is it correct ? and
Our CST Sales included own manufacture sales products + imported traded item. while take
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =