Input adjustment
Querist : Anonymous
i have purchase plastics goods from a local party on vat 14% ,& sale these goods to another inter state party on Agst CSt 2%,the question is that can i liable to pay the in deptt or not,
Detail Under Below
Input 14%=1600/-
CST Payble=1000
can i adjust cst with input ,Please guide,because it is trading i can understand it properly
Cst liability 1000
less: ITC Credit 1600
ITC credit 600
Credit still available 600, which can be set off against sales in future...
Querist : Anonymous
but in trading can it possible
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