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Adjustment of vat payment against cst purchases (VAT)

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This query is : Resolved


( Author )
15 December 2011

 A CO has following details
vat payable for November Rs 26000
vat credit for November Rs 6000
balance payable Rs 20000

my query is rs 20000 payable can be adjusted
against cst purchases made in november and cst purchases of earlier months ?


MJ Krishnamurthy

( Expert )
16 December 2011

 Mr Ramana Rao,
No, this can not be done,because the CST paid goes to the state from which the purchases are made,not to this state.
MJK



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