Please tell me whether cst output can be adjusted with input vat in delhi.
Suppose ,I have purchased goods on VAT @ 5% of 50000.Sold half good on vat @ 5% of 30000 and half on CST @ 2% of 30000..
so, inputvat-outvat-cst output= vat payable
2500-1500-600=400
you can adjust Input Credit against CST Output;
But Input Credit available = Input VAT - Local Output VAT ( if any)
From this amount, You can adjust
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