How to disallow cst against purchase
This query is : Resolved
30 November 2012
Dear All
Please Give me a answer on following example
Amount Tax Amt. Tax@
CST Sales @ 2 630000 12600 2%
Local Sales @ 4 370000 14800 4%
3700 1%
Amount Tax Amt. Tax@
Local Purchase@4 335000 13400 4%
3350 1%
How CST disallow against Input Tax Credit, and how much VAT is payable after disallowing the same.
Applying Gujarat VAT Rules
Please Give me a answer on following example
Amount Tax Amt. Tax@
CST Sales @ 2 630000 12600 2%
Local Sales @ 4 370000 14800 4%
3700 1%
Amount Tax Amt. Tax@
Local Purchase@4 335000 13400 4%
3350 1%
How CST disallow against Input Tax Credit, and how much VAT is payable after disallowing the same.
Applying Gujarat VAT Rules
01 December 2012
1. Input credit of CST is NOT allowed.
2. Input credit is allowed only of VAT.
3. Input VAT can be utilized for making payment of output VAT and output CST.
Your figures are not clear. please mention again.
2. Input credit is allowed only of VAT.
3. Input VAT can be utilized for making payment of output VAT and output CST.
Your figures are not clear. please mention again.
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