Ap vat - cenvat credit

YOU CANNT SET OFF CST INPUT WITH VAT PAYABLE BUT U CAN SET OFF VAT INPUT CREDIT WITH CST OUTPUT PAYABLE, THOUGH FIRST IT IS TO BE SET OFF WITH VAT PAYABLE ONLY

DEAR SATHEESH

• You cannot setoff input tax paid on central purchase with the vat, since credit of central purchase is not permitted as per DVAT ACT 2005.
• However if you are registered dealer than you have to pay minimum rate of tax (i.e. @ 1%) during central purchase.

I hope that you are registered dealer and surely will pay only 1% tax against "C" form.

ACA ASHISH GUPTA

(COUNSELOR)