cenvatcredit
This query is : Resolved
15 July 2011
Dear all,
we have purchased good at which VAT Rate is 12.5%, RS 10000/- and now we have sold the same goods against C Form levied rate 2%. amount is 4000/-
My Questiones is After taking the credit of Vat against CST, means 4000/-, can we take the credit of balance amount of Rs 6000/- from other VAT/CST payable which is availble of other goods,
pls give ur expert opinion on that matter,
it would be benefacial for me if u send ur opinion on my personal id which is
goel.dheeraj@rediffmail.com
regards
dheeeraj goel
we have purchased good at which VAT Rate is 12.5%, RS 10000/- and now we have sold the same goods against C Form levied rate 2%. amount is 4000/-
My Questiones is After taking the credit of Vat against CST, means 4000/-, can we take the credit of balance amount of Rs 6000/- from other VAT/CST payable which is availble of other goods,
pls give ur expert opinion on that matter,
it would be benefacial for me if u send ur opinion on my personal id which is
goel.dheeraj@rediffmail.com
regards
dheeeraj goel
15 July 2011
absolutely,
balance of credit is yours and you can use this in your other sales vat liability
its like a savings bank pass book system, where you are eligible to debit / credit but can not withdraw cash [though department accept cash :( ]
balance of credit is yours and you can use this in your other sales vat liability
its like a savings bank pass book system, where you are eligible to debit / credit but can not withdraw cash [though department accept cash :( ]
07 February 2012
thanks 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
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
