Input VAT adjustment
This query is : Resolved
Manjunatha.T.
(Querist)
22 May 2008
Can CST payable be adjusted against Input VAT while making monthly returns under Karnataka VAT ? For example a dealer who buys locally and sells entire goods outside the state. In such a case can he use Input VAT on local purchases against CST payable ?
CA Hemant T Dewani
(Expert)
22 May 2008
it is not available to you inter state purchase tax is not available to you for setoff of output tax
thanks
thanks
Manjunatha.T.
(Querist)
22 May 2008
Please clarify on the modified question.
Vishnu Saboo
(Expert)
02 June 2009
if there is no tax liability of VAT and VAT input credit remains unadjusted, it can be set off with CST payable to the extent of avilable credit.
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