ICWA Inter Group II Central Sales Tax /VAT Must Do

CST is important from marks point of view. It will not take more than 2 sessions of 3 hours each to complete and also do previous year question.
Must Do:

Compute Taxable Turnover -When Q gives sales inclusive of Tax
Compute Taxable Turnover when Q gives sales exclusive of TAX
Adjustment for Sales returns and rejections
Role of C form -Taxes with C form
-Taxes with C form

Various forms in CST---"C" "F" "H"

Define as in CST--Dealer, Goods, Taxable Turnover, Aggregate Sales Price, Place of Business

Goods under CST Includes Excludes

Impact of VAT on CST Rates

How does VAT operate