value added to vendor/customer

[Former Member]

Dear,

May I know taxes like cst, lst, educational cess they are part of the value added amount to customer or vendor?

Assumming they are liable at purchases.

ed cess 1%

lst 2 %

input tax 10%

tax base amount 1000

during miro,

claimable or non claimable, vendor to be credited 1130?

Thanks

[Former Member · Accepted solution]

Yes...it is value added to Customer/vendor.We need to credit to vendor and it can be avail during Sales.. as part of Month - end

Thanks

Fit 4 Nothing