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CST credit

This query is : Resolved 

14 February 2011 The Question regarding CST credit
e.g. Vat @15% On Purchase 15000 + CST @2% Paid on Purchase 3000 = 18000
Vat @15% on Sales 20000
--------------------------
Vat payable is 2000

Is this calculation is true?




14 February 2011 As per provisions of DVAT Vat payable would be Rs.5,000/- and not Rs.2,000/- since no credit is available for CST paid on interstate purchases


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