Gujarat vat

This query is : Resolved

PARIMAL DILIPKUMAR GOLWALA (Querist)
Follow

07 March 2012 Hello Sir,

Please guide to me in the Gujarat Vat
I have Purchase of Goods against C form
I have credit of CST But problem is that i have sale of this goods against CST sale but not in C form and i have charged cst in the normal local vat rate

Question : should i adjust CST Credit against CST CST sale (not in C form Basis)

PUNIT JAIN

PUNIT JAIN (Expert)
Follow

09 March 2012 NO CREDIT OF CST PAID ON PURCHSES IS AVAILABLE UNDER CST OR LOCAL VAT ACT. ONCE YOU PURCHSE GOODS ON CST IT BECOMES YOUR COST OF PURCHASE AND NO CREDIT OF ANY KIND IS AVAILABLE.

HENCE YOU CAN NOT TAKE CREDIT OF CST PAID ON PURCHASES FROM NEITHER YOUR CST LIABILITY NOR YOUR VAT LIABILITY.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rakesh Bansal

SANJAY GAIROLA

Saumil Kapadia

DSK TMC

Frank

Subscribe Now

Gujarat vat

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Senior Executive

CA Final

Accountant

Manager- Finance and Compliance