Sales tax & vat on sale of imported goods from china

Discussion in 'DVat' started by Gimi, Mar 24, 2014.

  1. Gimi

    Gimi Member

    We are purchasing goods from china and paying the custom duty on port and then the goods reach our retail outlet. Now when we are furrther selling to other customer what sales tax and VAT we need to charge on the bill in Maharashtra . How do we book the purchase of these goods if it is purchased by us in following conditions: 1)Purchased by us with our financial resources and then sold ahead to other customer. 2)Purchased by us from the resources of the customer and sold further to the customer ,charging a consultancy fees. Please help in detail so as to understand the financial aspect of avoiding any future liability arising out of not paying taxes and also guide if sales tax need to be procurred for the firm.

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