cst set off against vat
This query is : Resolved
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?
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
11 April 2014
Thank You So much Sir
11 April 2014
Thank You So much Sir
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Annual return in Gst
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
