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)
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.
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