Raw materials purchased from other state

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2012 Dear Expert,

My friend is the manufacturer of Rubber products, his factory is in Mumbai(MVAT) , has has purchased raw materials from Gujarat..
In the purchase invoice the said party charge
2% CST & 1% VAT..

Pls tell me how he can take input of VAT paid on purchase...?
Is there any benefit available for CST paid on purchase??

Pls answer shorty..
Its urgent

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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24 November 2012 Input credit of only VAT can be availed. Input credit of CST is NOT available.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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24 November 2012 Mr Author,
A seller cannot charge/collect both VAT and CST on the same transaction.On a local sale only VAT and on a interstate sale only CST is to be collected.You may ask the seller to refund the VAT collected on this sale. However as both these taxes are collected in Gujarat you cannot claim it as input in Mumbai.....MJK

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