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
Message likes :
1 times
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
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
