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 ?
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.
CAclubindia
