VAT Provisions
This query is : Resolved
16 October 2008
My Father is purchasing goods through OMS through register delare and paying CST. but he sales the goods with Maharashtra. Can he take set off of CST against VAT payable.
17 October 2008
The discussion regarding the set-off of Vat liability from Input credit of CST paid is discussed several times in our forum:
As discussed and understood earlier from our esteemed colleagues, i report as follows:
a) Input credit for CST paid can be utilised against Vat Liability after utilising Vat credit,if any.
b) Input credit for VAT/CST paid cant be utilised against CST Liability.
As discussed and understood earlier from our esteemed colleagues, i report as follows:
a) Input credit for CST paid can be utilised against Vat Liability after utilising Vat credit,if any.
b) Input credit for VAT/CST paid cant be utilised against CST Liability.
CA Bosu babu
(Expert)
22 October 2008
no way ra
Hiral Raja
(Expert)
15 November 2008
Input tax credit is not available on CST paid on purchases against VAT payable at all. The logic behind the same is that CST has been recieved by the state from where the goods have been sold and not the state in which the goods are recieved and hence such a set off is not possible at all.
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