08 February 2016
When we are purchasing goods from within state(vat purchase) and selling it in state (vat sell) or out of state(cst sell) then we are reducing our credit by 1% but in case of purchase from outside state(cst purchase) and also from within state(vat purchase) and selling output at outside state(cst sell) and also in within the state(vat sell) then how to compute reduction amount of credit in this case?
08 February 2016
Output vat can be adjusted within state purchase input only .you don't have option to set off Interstate Purchase CST with output vat (both state & Interstate sale)
CAclubindia
