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Vat

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(Querist)
23 January 2014 Dear all,

I am ashu. I am a first time user of this website. I hope you all who viewing my question, help me like a student. I want to know what is rule of vat adjustment? Vat is also adjust with cst or not? How i adjust vat?

Thanks
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Mayur Gondaliya

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Mayur Gondaliya (Expert)
24 January 2014 Input VAT You Paid While Purchasing Goods is Adjustable Against Output VAT You Charged While Selling Goods. Balance is Payable or Carry Forward As The Case May Be.
And If There Is VAT Credit After Adjustment Same Can Be Adjusted Against CST Payable
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ashu

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ashu (Querist)
24 January 2014 Thanks Very Much sir. Also tell me, what is time period is for adjustments?
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