Will someone please explain me the tax treatment in case of interstate purchase for VAT/CST?
I namely want tax goes to which state both in purchase & sell?
With example please, if possible.
Menu
Cst & vat
Replies (2)
Interstate purchase not eligible for set off under mahavat.only vat purchase can be set off under mahavat. If vat on purchase is more than vat on sales than excess vat amt can be set off against cst sales.
Example please specifying to which state it goes, in case of purchase as well as sell?
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
