Regarding adjustment of cst payable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2013
I am a registered dealer in Gujarat, I have VAT payable in a month, but in the same month i have ogs sales, on which i have collected CST, i want to know whether i adjust the CST payable with VAT payable and pay collective as VAT?
please reply asap
Thanking you
please reply asap
Thanking you
03 July 2013
Yes CST and VAT returns are filed together and paid collectively. These two taxes are mutually adjustable,except,CST paid on purchases is not eligible to be claimed as input credit either against CST or VAT. .....mjk
05 August 2013
CST act is of Central Government and VAT is of State Governemtn. Collection of CST has to be deposited and it canot be adjusted. CST can be adjusted only against CST and VAT can be adjusted only against VAT
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
