CST LIABILITY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2010
IN A PRIVATE LTD COMPANY
LOCAL PURCHASE @5% VAT INPUT
SALES
A} LOCAL SALE @ 5% OUTPUT
B) OTHER STATE SALE @ 2% CST SALE
IF VAT INPUT 5% IS MORE THAN 5% VAT OUT PUT SALE + 2% CST SALE
IS THERE LIABILTY OF CST 2% PAYBLE OR ADUSTABLE FROM VAT INPUT CREDIT.
KINDLY CLEAR IT.
LOCAL PURCHASE @5% VAT INPUT
SALES
A} LOCAL SALE @ 5% OUTPUT
B) OTHER STATE SALE @ 2% CST SALE
IF VAT INPUT 5% IS MORE THAN 5% VAT OUT PUT SALE + 2% CST SALE
IS THERE LIABILTY OF CST 2% PAYBLE OR ADUSTABLE FROM VAT INPUT CREDIT.
KINDLY CLEAR IT.
17 November 2010
you can adjust output vat+CST libility with Input Vat credit.
17 November 2010
Since Input VAT is more than ( Output Vat + Output CST } Nothing is Payable.
Kindly Note that one cannot take the input credit of CST but can use Input VAT for Payment of Output CST.
Kindly Note that one cannot take the input credit of CST but can use Input VAT for Payment of Output CST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
