Set of of CST 12.5% with CST 3%
This query is : Resolved
21 November 2008
For calculating Tax liability in Form 704 (Maharashtra) can we take set of between CST 12.5% (Unregistered dealer) with CST 3% (registered dealer).
Thanks in Advance.
Thanks & Regards.
Mahendra
Thanks in Advance.
Thanks & Regards.
Mahendra
CA Hemant T Dewani
(Expert)
22 November 2008
no if you are collect tax at the rate of 12.5% then it is your liability to paay the tax cst tax will not be setoff to other cst it is only set off against vat for cst sales only
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