Adjustment of VAT
This query is : Open
16 September 2010
Can we Adjust CST liabilty from Input Tax Credit availaible? Please answer for Delhi, Chennai, Mumbai,and Bangalore.
16 September 2010
as per my knowledge, you cannot adjust the CST against Input Tax Credit. let us get some more experts view.
Message likes :
1 times
16 September 2010
In case of Mumbai, VAT on Fixed assets also adjusted against Input Tax credit. Is it correct with regard to provisions of MVAT.
16 September 2010
Chennai/Bangalore- Input credit VAT cannot be adjusted with CST, as you said VAT on capital goods can be adjusted with output VAT subject to some conditions
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
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
