cst set off against vat

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Mehul B. Maniar (Querist)
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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?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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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

Mehul B. Maniar (Querist)
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11 April 2014 Thank You So much Sir