Vat
This query is : Resolved
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
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
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
And If There Is VAT Credit After Adjustment Same Can Be Adjusted Against CST Payable
24 January 2014
Thanks Very Much sir. Also tell me, what is time period is for adjustments?
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