Can VAT recoverable be setoff against CST payables?
If yes, Can you provide me with some notification?
Ronak Dagliya (CA) (332 Points)
07 January 2010Can VAT recoverable be setoff against CST payables?
If yes, Can you provide me with some notification?
Rahul
(CA Practice )
(1818 Points)
Replied 07 January 2010
No. VAT IS A STATE LEVY AND CST IS A CENTRAL LEVY THEREFORE NO SETOFF IS POSSIBLE.
CORRECT ME IF I MWRONG
Ronak Dagliya
(CA)
(332 Points)
Replied 07 January 2010
Dear Rahul,
I am also having the same opinion. But I am not able to find any notification for the same by any govt. authority and nither it is mentioned in VAT act. If you have any such notification olease provide me with that.
niraj singh
(propritor)
(21 Points)
Replied 05 March 2012
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