Vat clarification

Dilip (ACCOUNTANT) (30 Points)

02 June 2015  

Dear Sir,

For filling the VAT monthly Returns in karnataka, i purchased the items they charged VAT 14.5%, can be adjusted in local sales ( monthly) we usually charged 5.5%.

My question is can i set off 14.5 input tax to 5.5 output vat in for filling the monthly returns.

Please do the needful.