14 July 2013
Dear All, Can A Dealer avail the Sett-off of Out of maharashtra purchase Tax Paid amt (if the Dealer is not availing the C form i.e it is taxed at the normal applicable rate. and not @ 2%) on the MVAT Sales ??? Awaiting for reply.
16 July 2013
No setoff is available for CST paid on purchases, evenif charged at normal rates as per schedule( without C Form Purchases). Set off is available of tax separately charged in tax invoice against purchases from dealer registered under local Sale Tax Act.
CAclubindia
