Cst output tax paid and adjust with vat

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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)

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

 


CCI Pro

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