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....
Ravi Jhamb
(Expert)
29 February 2012
Wrong both are different concept.
Ravi Jhamb
(Expert)
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.
CA CS Pawan Jajoo
(Expert)
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.
CA. Hari Kishan
(Expert)
29 February 2012
Input tax on local purchases can be used to set off any CST tax payable.
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