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?

For example,
Goods are transferred from Mumbai, Maharastra to Ankleshwar,Gujarat against F -form.

And goods are sold to the person of Gujarat.

In this case, VAT rate of Gujarat will be applicable or CST rate will be applicable as billing is done from Mumbai.?

Will it make any difference, if billing is done from Gujarat?

My company sold the gods as an interstate sale by charging CST in 2011 however in 2013 the same customer did not make the payment but our company had the liability to pay CST at the time of credit in 2011 Now in 2013 the same goods are returned as a sale return Now my query is that whether we can get the credit for CST paid at the time of returns Please mention the Section number being referred.

can we avail CST as input tax credit as we paid on purchase earlier.

In our company we do URD Purchase which is taxable. so we pay tax for that in FIFO Method, so i want to Know that how to adjust that excess tax paid during month.
ex: as per Tally VAt is Rs.2000/- and we paid as per our FIFO calculation Rs.5000/- How can i adjust balance Rs.3000/- in Tally

Please tell me the Steps to adjust

Dear Sir/Madam,

I am a trader in Maharashtra. I buy goods from the local manufacturors with a VAT of 5%. I sell the goods at Gujrat on that I have to pay CST @2%. Overall Taxes are now increased i. e. 5+2=7%.

My query is that, can I take a set off in VAT of 5% against the CST of 2%.

Please suggest me on that.

And also suggest any other way to reduce such taxes.

Regards --
CS Gaurav Mishra

deposit of rs 25000/-at the time of registration can be available for setoff

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Sir, I want to become expert in Taxation and Laws in india to help my future business.
There is no lack of hard work in me but the problem is Study material or lack of information Please tell me from where i can practice real situation or get various information about vat and cst.

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