Vat excise cst set off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2012
can anyone please explain me how vat credit, cst and excise can be set off ?????
MJ Krishnamurthy
(Expert)
20 May 2012
Mr Author,
Excise has no link with either CST or VAT.VAT paid on interstate sales can be set off from CST.CST paid on interstate purhases can not be claimed as set off in local/IS sales from VAT.In each state the conditions vary......MJK
Excise has no link with either CST or VAT.VAT paid on interstate sales can be set off from CST.CST paid on interstate purhases can not be claimed as set off in local/IS sales from VAT.In each state the conditions vary......MJK
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