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Cst output tax paid and adjust with vat

1253 views 1 replies

maharaj

accountant

165 Points Posted on 07 January 2012

Dear All

I have one question if you help me to understand the topic.

Last quarter(July'11 to SEP'11) I have submitted VAt/CST return and at that time CST OUTPUT TAX @ 2% Rs3600/- of CST sale submied by challan and also submitted in CST return.

Now this quarter(oct'11 to Dec'11) I want to adjust CST paid(R.3600/- last qrt) with VAT for this quarter month of OCT. For this quarter Input Tax>Output Tax and i.e. Rs.300/- . Should I adjust this amount in W.B. VAT FORM-14 in 41(a) column which has input tax adjustable under central sales tax act,1956.?

If not possiable as per above way then please give me idea if there any solution to adjust Rs.3600/-.

Thanks in Advnce

Replies (1)

praveen kumar devarapalli

Managing Director

361 Points Posted on 07 January 2012

Dear Maharaj,

Your question is not clear..... If you paid CST on account of purchase of goods and the goods has been sold with in the state then the CST amount cann't adjust against VAT.

If you paid the VAT on purchase of goods with in the state and the same goods has been sold out of state then you can claim that VAt amount against sale made with in state only...

Regards,

Praveen Kumar

+ 91 92 46 46 59 69