Interstate sales without c form

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Querist : Anonymous

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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....

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.

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.

29 February 2012 Input tax on local purchases can be used to set off any CST tax payable.


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