Input credit on cst sales

This query is : Resolved

Thamotharan S (Querist)
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25 January 2013 Dear Sir/madam

If i purchased goods from local (with in the State) with VAT paid, and sold it the same to other state dealer who are unregistered (not under Form C). can i claim input VAT Credit?

for example:
_____________________________Value_____Tax
Purchased(local)_____________1000______VAT 125
Sales(inter state@12.5%)_____1200______CST 150

How much i liable to pay tax?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 January 2013 VAT paid on purchase is Local tax and what ever you sold to outside state and charged is CST. cannot set off both

Thamotharan S

Thamotharan S (Querist)
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30 January 2013 Thank you sir,

My cost is 1125 and my sale value is 1200.. So my Profit only 75/-

'm i correct sir?

Incase i sold @2% against "C" Form, i can adjust full VAT input credit on CST.

Is there any logic behind it...?
please clear me...

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