Interstate sales without c form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 February 2012
Can Local Vat Paid on Purchases, shall be adjusted against CST Sales without "C Form"
whether this adjustment is correct or wrong...??
Please clarify....
whether this adjustment is correct or wrong...??
Please clarify....
29 February 2012
Wrong both are different concept.
29 February 2012
For interstate Purchase you can avail input credit and adjusted to output tax. bt CST is collected by central govt. you have to pay.
If you will not issue C form then they have to full amount of tax to Govt.
If you will not issue C form then they have to full amount of tax to Govt.
29 February 2012
Yes
You can take setoff of Local VAT purchases against CST Liability. You can adjust this if and only if you have Excess vat setoff after adjusting local vat sales liability.
You can take setoff of Local VAT purchases against CST Liability. You can adjust this if and only if you have Excess vat setoff after adjusting local vat sales liability.
29 February 2012
Input tax on local purchases can be used to set off any CST tax payable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
