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REGARDING VAT & CST

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Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2011 WE ARE IN UP BASED FIRM. (GHAZIABAD)

DEAR SIR,

PLEASE SOLVED MY QUERY.

LOCAL PURCHASE 20,000.00
VAT RECEIVABLE 800.00
LOCAL SALE 5,000.00
VAT PAYABLE 200.00
CENTRAL SALE 8,000.00
CST PAYABLE 160.00

ITC CLAIMED: -

VAT R/C 800.00
LESS VAT PAYABLE 200.00
LESS CST PAYABLE 160.00
CLOSING BALANCE 440.00 C/F NEXT MONTH

SIR, IT'S RIGHT OR WRONG.
IF WRONG THAN SEND ME WRITE CALCULATION
CAN WE AVAIL CST PAYABLE AG. VAT R/C

REPLY SOON WE WILL HAVE TO PREPARE MONTHLY SALES TAX RETURN.

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)

01 March 2011 Very first it is requesting you to avail information to us about your place of business coz, VAT is state concern .
Further more CST payble can't be adjusted toward the input credit on VAT
You should paid you CST due within due date and can avail VAT credit in next month

Thanks

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