Cst setoff

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2014 WE HAVE VAT RECEIVABLE OF CURRENT YEAR AND WE HAVE PURCHASTE GOODS FROM SOME OTHER STATE AND PAID CST ON THEM.. SO WE CAN CLAIM INPUT TAX CREDIT ON CST PAID OR NOT..UNDER MVAT..

THANKS IN ADV

11 February 2014 VAT credit can be utilised to set-off CST liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2014 WE DONT HAVE ANY CST LIABILITY WE PURCHASE GOODS FROM OTHER STATE SO WE CAN GET INPUT SET OFF FOR THIS OR NOT..??

12 February 2014 NO YOU CANT SETOFF YOUR CST CREDIT AGAINST YOUR OUTPUT VAT LIABILITY ....CST WILL BE COST TO THE COMPANY

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2014 SIR WE DONT HAVE ANY VAT LIABILITY WE HAVE VAT RECEIVABLE THIS TIME...AND PURCHASED SOME CST GOODS...SO WE CAN ADD CST PAID IN VAT RECEIVABLE OR NOT..??

PLEASE REPLY SIR..

12 February 2014 NO YAAR HOW CAN YOU CLUB VAT WITH CST

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2014 SIR WE DONT HAVE ANY VAT LIABILITY WE HAVE VAT RECEIVABLE THIS TIME...AND PURCHASED SOME CST GOODS...SO WE CAN ADD CST PAID IN VAT RECEIVABLE OR NOT..??

PLEASE REPLY SIR..

17 February 2014 NO, CST paid on purchases is not avilable for input tax credit.

18 February 2014 Mr. Arun please explain this person yaar

19 February 2014 Deven sir, i hope he is clear now.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2014 YAA...NW I GOT IT SIR...THANKS FOR UR VALUABLE SUGGESTNS...SO NW DONT WRY DEVEN SIR

19 February 2014 welcome, its pleasure to help you


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