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Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2010 we r excise exempted food product manufacturing unit as well as vat also exempted in our product in local sales now question is that we r purchasing raw & packing material & paying vat as well as cst can we get input credit on this purchase ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

24 October 2010 Since your final product is exempt from VAT, you are not eligible for claim VAT on any inputs

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2010 actually we on local sales there is no vat but out of state we have to charge cst 4% if c form not provide by party i this condition can we get input credit????????

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

25 October 2010 Vat and CST cannot be set off vice versa

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