Input vat against cst

VAT (Legacy) 701 views 3 replies

Question : we are exporter and registered dealer in tamilnadu , we have a Input vat credit amount Rs.10,000/- . we sale the goods to other state against CST 14.5% the CST amont is 1000/-. in these case we can deduct 1000 from 10,000 it is correct method?

Replies (3)

 

I am not aware with TN VAT rules but As per Other's State VAT Rule ! Yes you can adjust your CST Liability with Input VAT Credit

 

Yes, you can claim Input VAT Credit provided that Input Tax Credit will be allowed in excess of three per cent of Input Tax.

sir,

if u have eligible ITC on Vat available then u can adjust the Cst Payable agaist the ITC Vat receivable Please. and also u please show in your cst return payment details as adjustment against vat and also please show in your Vat return also in the adjustment page (u hv to show the adjustment details both in Form I, and Form 1 (in the adjustment page please)

with regards

P.R.Ganesh


CCI Pro

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