Delhi VAT

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This query is : Resolved

vikas garg (Querist)

30 September 2010 If any person make a purchase of goods at 12.5%(VAT) and sales outside Delhi at 2% CST then how can he recovers rest 10.5% (if he don't wont to take Refund)?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

30 September 2010 just make the transit sale, directly to outside state.

VINOD ARORA

VINOD ARORA (Expert)

01 October 2010 In case 2% offset is made against CST liability, then remaining 10.5% may be offset against other local sale of goods.

manish soni

manish soni (Expert)

01 October 2010 Hi Vikas

I am agree with Mr. Bhagat & Mr. Arora's suggestion. both you can do but as per experiance wit you have quantam turnover o like this then advoid transit sale bcoz in resent all state going to reject the all transit sales.

it is better that u purchase on VAT and sale 2% againt C form and balance excess vat claim as a refund or adjust with another qtr liabilty.

Thanks & Regards

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