Is CST Credit deducted in total vAT payble?
This query is : Resolved
19 February 2011
My question related in Gujarat VAT
Output CST = 24082
Less: Input CST = 18747
Payable = 5335
Output VAT = 279054
Less: Input VAT = 171836
Payable = 107218
NET PAYABLE = 101883(107218 VAT - 5335 CST)
My above mention calculation is true? if false than give me the right calculation.
Output CST = 24082
Less: Input CST = 18747
Payable = 5335
Output VAT = 279054
Less: Input VAT = 171836
Payable = 107218
NET PAYABLE = 101883(107218 VAT - 5335 CST)
My above mention calculation is true? if false than give me the right calculation.
19 February 2011
You can not take credit on Input CST, so, in your case the tax liability will be CST 24,082/- and VAT 1,07,218/-
Message likes :
1 times
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
