INTERVIEW QUESTIONS TAX SALES TAX DETAILS

Question: What is Sale Price in case of Central Sales Tax (CST)?

Answer: "Sale Price" means the amount payable to a dealer as consideration fro the sale of any goods.
It does not include,

Cash Discount ( including Trade Discount, Quantity Discount, Additional Discount ). This sum is deducted from sale consideration.

Cost of installation, freight and delivery is excluded ( if such cost is separately charged).

Goods returned by buyer within 6 months.

Goods rejected by buyer.

It includes,

Consideration for sale any goods

Excise Duty ( whether included in sale price or separately charged)

Sales Tax payable by the dealer ( whether included in sale price or separately charged)

Sum charged for anything done by the dealer in respect of the goods at the time of or before the deliver thereof.

Cost of packing material and packing charges.

Insurance charges if the seller has insured the goods.

Bonus Discount / Incentive Bonus for attracting Sale Targets.

"Sale Price" means the amount payable to a dealer as consideration fro the sale of any goods.
It does not include,

Cash Discount ( including Trade Discount, Quantity Discount, Additional Discount ). This sum is deducted from sale consideration.

Cost of installation, freight and delivery is excluded ( if such cost is separately charged).

Goods returned by buyer within 6 months.

Goods rejected by buyer.

It includes,

Consideration for sale any goods

Excise Duty ( whether included in sale price or separately charged)

Sales Tax payable by the dealer ( whether included in sale price or separately charged)

Sum charged for anything done by the dealer in respect of the goods at the time of or before the deliver thereof.

Cost of packing material and packing charges.

Insurance charges if the seller has insured the goods.

Bonus Discount / Incentive Bonus for attracting Sale Targets. Source: CoolInterview.com

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