Vat
This query is : Resolved
14 February 2012
Sir my Total purchase is local purchase on which 5%vat is charged and my sale is OMS on which i 2%cst is charged have to adjust it.
CA CS Pawan Jajoo
(Expert)
15 February 2012
yes , you can take setoff of local purchases as against CST Payable . I am talking about MVAT. Excess Input VAT is adjusted against CST
CA CS Pawan Jajoo
(Expert)
15 February 2012
yes , you can take setoff of local purchases as against CST Payable . I am talking about MVAT. Excess Input VAT is adjusted against CST
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