Can input vat credit be adjusted against cst payable ??
This query is : Resolved
03 November 2011
Dear all, kindly clarify my problem. A companny has input vat credit of Rs. 10000/- available for a period and during that period only central sales has done, tax payable on central sales is 15000/- no local sales. So, at the time of filing of return can this 10000 be adjusted against 15000 ?? If yes, then please clarify me the procedure that how much amount of CST is payable by the company??
03 November 2011
adjust credit of Rs. 10000/- agaisnt CST payable
Message likes :
2 times
03 November 2011
Thank you sir, so at the time of filing of return the net tax payable is Rs. 5000/-??
03 November 2011
Yes net tax payable is Rs. 5000/-
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