cst set off against vat
This query is : Resolved
Mehul B. Maniar
(Querist)
10 April 2014
Hello,
Can any one tell how to calculate cst setoff against VAT?
For Ex ,
I had purchased Material " A " in gujarat rs 1,00,000/- and VAT on it Rs 5,000/- ( 5% )
and I Sell Goods Outside Gujarat so in sale bill i had make CST 2 % in amount of Rs 1, 10,000/-
thn how to make setoff against Vat?
Hello,
Can any one tell how to calculate cst setoff against VAT?
For Ex ,
I had purchased Material " A " in gujarat rs 1,00,000/- and VAT on it Rs 5,000/- ( 5% )
and I Sell Goods Outside Gujarat so in sale bill i had make CST 2 % in amount of Rs 1, 10,000/-
thn how to make setoff against Vat?
MJ Krishnamurthy
(Expert)
11 April 2014
If you are selling the goods for Rs1,10,000-00 against 'C' form then you may charge 2% on the amount i.e.Rs2,200 as CST in the bills. In the VAT return you can claim Rs2800-00(Rs5000-2200) as refundable.Or this refundable amount may get adjusted with other payable taxes....mjk
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Mehul B. Maniar
(Querist)
11 April 2014
Thank You So much Sir
Mehul B. Maniar
(Querist)
11 April 2014
Thank You So much Sir
Mehul B. Maniar
(Querist)
11 April 2014
Thank You So much Sir
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