Vat sett-off

Bhavesh (Accounts) (899 Points)

23 July 2014  

We mainly Import goods and sale it locally. In case of OMS with C form we charge 2% and without C form we charge 5%. We use to make the payment Qtrly. and for Local VAT and CST payment. Can we get the set-off for the Local VAT and CST Paid? Also how one can determine whether one in falling under monthly or quarterly return.