Adjustment of CST refund against VAT liability
This query is : Resolved
04 February 2009
Refund of VAT can be adjusted against CST liability. But whether Refund of CST can be adjusted against VAT liability.
If yes, Please provide the trade circular number.
If yes, Please provide the trade circular number.
04 February 2009
Law does not permit so.
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04 February 2009
First of refund is possible in CST only if it has been paid in excess because no input credit is available. In my opinion the only option available is to claim refund and no adjustment is possible against local VAT.
Message likes :
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08 February 2009
There is no such thing such as refund of CST.
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