15 July 2011
I WANT TO KNOW THAT IF GOODS IS PURCHASES OUT OF MAHARASHTRA BY PAYING CST AND I SOLD GOODS IN MAHARASHTRA BY COLLECTING VAT.CAN I TAKE A SETOFF OF VAT WITH CST IF I HAVE NO SALES OUTSIDE MAHARASHTRA
16 July 2011
VAT is the subject matter of State Government and the CST is the subject matter of Central Government. Against VAT no CST can be adjusted.
16 July 2011
yes, you cannot take credit of cst paid againest VAT. you need to add the CST with your purchases simply for accounting purpose as you will not get any input on it.
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