Indirect Tax
This query is : Resolved
27 May 2008
I received goods from other state . On them i paid VAT Rs.50000
I have to pay VAT in my State(Gujarat) Rs. 70000
What is my final VAT liability . . ?
I have to pay VAT in my State(Gujarat) Rs. 70000
What is my final VAT liability . . ?
27 May 2008
Hi sanket !
as per the facts given, u purchased goods from other state i.e CST and u sold the same in ur state gujrat. the tax paid by u on purchase of goods from other state is not elgible for set off. hence, ur VAT liability will be Rs. 70000/-
as per the facts given, u purchased goods from other state i.e CST and u sold the same in ur state gujrat. the tax paid by u on purchase of goods from other state is not elgible for set off. hence, ur VAT liability will be Rs. 70000/-
27 May 2008
interstate purchase tax is not elegible for set off so you pay full amount of vat on sales
23 July 2011
@ Thank you Nilesh & Hemant....
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