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set off of vat/cst

This query is : Resolved 

30 October 2009 please tell me the cases of setoff of cst sale with cst purchase & setoff of cst against vat or vice versa

30 October 2009 No input credit allowed on CST Purchase

Only local vat purchase can be setoff with output vat & CST libility.

31 October 2009 You cannot set off CST sale with CST purhcase. No input credit is allowed on CST Purchase. Setoff of CST is not possible against VAT or CST. Local Input VAT can be setoff against Output VAT or CST, since you can take credit of Local Input VAT only






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