cenvatcredit
This query is : Resolved
dheeraj goel
(Querist)
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
U S Sharma
(Expert)
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 :( ]
dheeraj goel
(Querist)
07 February 2012
thanks sir
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